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

Zillow Group, Inc. (NASDAQ:Z) has earned a consensus recommendation of “Hold” from the fourteen research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and two have given a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $90.60.

Several equities research analysts have recently weighed in on the company. Barclays raised Zillow Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 29th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zillow Group in a report on Wednesday, January 21st. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 11th. Zelman & Associates raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. Finally, Mizuho downgraded Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th.

Insider Buying and Selling

In related news, CTO David A. Beitel sold 3,966 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $44.22, for a total value of $175,376.52. Following the completion of the sale, the chief technology officer owned 136,690 shares in the company, valued at approximately $6,044,431.80. This represents a 2.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeremy Wacksman sold 13,661 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $44.25, for a total transaction of $604,499.25. Following the completion of the transaction, the chief executive officer directly owned 116,322 shares of the company’s stock, valued at $5,147,248.50. This represents a 10.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 60,801 shares of company stock valued at $2,683,986. Company insiders own 23.76% of the company’s stock.

Institutional Trading of Zillow Group

A number of hedge funds have recently modified their holdings of Z. M&T Bank Corp acquired a new stake in shares of Zillow Group in the fourth quarter worth $196,677,000. Scge Management L.P. acquired a new position in Zillow Group during the third quarter valued at $133,990,000. L1 Capital Pty Ltd lifted its stake in Zillow Group by 24,803.7% in the 4th quarter. L1 Capital Pty Ltd now owns 1,729,313 shares of the financial services provider’s stock worth $117,974,000 after acquiring an additional 1,722,369 shares in the last quarter. Eminence Capital LP lifted its stake in Zillow Group by 63.6% in 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 in the last quarter. Finally, Soma Equity Partners LP boosted its position 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 worth $113,147,000 after acquiring an additional 1,168,492 shares during the period. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Zillow Group Price Performance

NASDAQ Z opened at $40.79 on Tuesday. Zillow Group has a 12 month low of $40.08 and a 12 month high of $93.88. The company has a market capitalization of $9.79 billion, a P/E ratio of 453.27, a PEG ratio of 2.26 and a beta of 2.10. The company’s 50 day simple moving average is $50.00 and its 200 day simple moving average is $65.11.

Zillow Group (NASDAQ:Z) last issued its earnings results on Tuesday, February 10th. The financial services provider reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The business had revenue of $654.00 million for the quarter, compared to the consensus estimate of $650.40 million. Zillow Group had a return on equity of 0.56% and a net margin of 0.89%. On average, analysts anticipate that Zillow Group will post 0.32 earnings per share 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.