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

Zillow Group, Inc. (NASDAQ:Z) has earned an average rating of “Hold” from the fourteen research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $93.8333.

Z has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zillow Group in a research note on Wednesday, January 21st. Barclays raised Zillow Group from a “strong sell” rating to a “hold” rating in a report on Thursday, January 29th. JPMorgan Chase & Co. increased their price target on Zillow Group from $94.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Keefe, Bruyette & Woods cut their price target on Zillow Group from $85.00 to $80.00 and set a “market perform” rating for the company in a report on Monday, November 3rd. Finally, Mizuho cut Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th.

Insider Activity at Zillow Group

In other Zillow Group news, CEO Jeremy Wacksman sold 10,855 shares of the stock in a transaction on Friday, November 14th. The shares were sold at an average price of $69.99, for a total transaction of $759,741.45. Following the completion of the transaction, the chief executive officer owned 134,712 shares in the company, valued at $9,428,492.88. This trade represents a 7.46% 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, General Counsel Bradley D. Owens sold 2,722 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $67.41, for a total transaction of $183,490.02. Following the completion of the sale, the general counsel owned 37,974 shares in the company, valued at approximately $2,559,827.34. This trade represents a 6.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 64,801 shares of company stock valued at $4,566,277 over the last quarter. 23.76% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Zillow Group

Large investors have recently made changes to their positions in the company. M&T Bank Corp bought a new stake in Zillow Group in the fourth quarter worth about $196,677,000. Scge Management L.P. purchased a new stake in shares of Zillow Group in the third quarter worth approximately $133,990,000. Eminence Capital LP lifted its stake in shares of Zillow Group by 63.6% during the 2nd quarter. Eminence Capital LP now owns 3,978,731 shares of the financial services provider’s stock worth $278,710,000 after acquiring an additional 1,546,577 shares during the last quarter. Soma Equity Partners LP boosted its holdings in Zillow Group by 389.5% during the 3rd quarter. Soma Equity Partners LP now owns 1,468,492 shares of the financial services provider’s stock valued at $113,147,000 after acquiring an additional 1,168,492 shares during the period. Finally, Holocene Advisors LP bought a new position in Zillow Group in the 2nd quarter valued at $57,021,000. 71.01% of the stock is owned by hedge funds and other institutional investors.

Zillow Group Stock Up 1.8%

Shares of Zillow Group stock opened at $54.97 on Monday. The company has a market capitalization of $13.31 billion, a price-to-earnings ratio of -392.61, a PEG ratio of 3.19 and a beta of 2.08. The stock’s 50-day simple moving average is $68.20 and its 200-day simple moving average is $74.95. Zillow Group has a 52 week low of $53.61 and a 52 week high of $93.88.

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.