Zillow Group, Inc. (NASDAQ:Z) Given Consensus Recommendation of “Hold” by Analysts

Zillow Group, Inc. (NASDAQ:Z) has earned an average rating of “Hold” from the fifteen research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, four have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $93.8333.

A number of analysts recently commented on Z shares. Oppenheimer assumed coverage on Zillow Group in a report on Monday, October 6th. They set a “market perform” rating on the stock. Sanford C. Bernstein raised Zillow Group from a “market perform” rating to an “outperform” rating and set a $105.00 target price for the company in a research report on Wednesday, September 17th. Keefe, Bruyette & Woods cut their price target on shares of Zillow Group from $85.00 to $80.00 and set a “market perform” rating on the stock in a report on Monday, November 3rd. Mizuho downgraded shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Zillow Group in a research note on Wednesday, October 8th.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, insider Dan Spaulding sold 5,455 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $69.40, for a total transaction of $378,577.00. Following the sale, the insider directly owned 50,342 shares of the company’s stock, valued at $3,493,734.80. This represents a 9.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Errol G. Samuelson sold 7,641 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $71.13, for a total transaction of $543,504.33. Following the transaction, the insider owned 120,815 shares of the company’s stock, valued at $8,593,570.95. This represents a 5.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 67,511 shares of company stock valued at $4,766,357 in the last quarter. Insiders own 25.03% of the company’s stock.

Institutional Trading of Zillow Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Root Financial Partners LLC bought a new position in Zillow Group during the third quarter valued at about $27,000. Pilgrim Partners Asia Pte Ltd bought a new stake in Zillow Group in the third quarter worth about $29,000. TD Private Client Wealth LLC lifted its holdings in Zillow Group by 352.0% in the 2nd quarter. TD Private Client Wealth LLC now owns 452 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 352 shares during the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of Zillow Group by 58.6% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 441 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 163 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its stake in shares of Zillow Group by 58.2% in the 2nd quarter. SBI Securities Co. Ltd. now owns 503 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 185 shares during the last quarter. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Zillow Group Price Performance

Z opened at $67.55 on Thursday. Zillow Group has a 1 year low of $57.51 and a 1 year high of $93.88. The company has a market capitalization of $16.35 billion, a price-to-earnings ratio of -482.47, a P/E/G ratio of 3.82 and a beta of 2.07. The firm’s fifty day moving average price is $70.68 and its two-hundred day moving average price is $76.31.

Zillow Group (NASDAQ:Z) last released its quarterly earnings results on Thursday, October 30th. The financial services provider reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). Zillow Group had a negative net margin of 1.29% and a negative return on equity of 0.56%. The firm had revenue of $729.00 million for the quarter, compared to the consensus estimate of $670.28 million. As a group, equities analysts anticipate that Zillow Group will post 0.32 EPS for the current year.

About Zillow Group

Zillow Group, Inc is an online real estate marketplace company that operates a portfolio of consumer-facing websites and mobile apps designed to connect buyers, sellers, renters, homeowners and real estate professionals. The company’s platforms aggregate property listings, rental listings, and related information to help users search for homes, estimate property values and connect with agents and service providers. Zillow generates revenue primarily through advertising and lead-generation services for real estate professionals, property managers and mortgage lenders.

Key products and services include the Zillow and Trulia consumer websites and apps, which provide searchable listings, photos, neighborhood data and the company’s automated home valuation tool known as the “Zestimate.” Zillow also offers a rentals marketplace, a mortgage marketplace and tools for home buying and selling such as Zillow Premier Agent for agent advertising and leads, as well as ancillary services designed to support transactions, including closing and title-related offerings.