Zillow Group, Inc. (NASDAQ:Z) Receives $90.60 Consensus Price Target from Analysts

Zillow Group, Inc. (NASDAQ:Z) has been assigned a consensus recommendation of “Moderate Buy” from the twelve research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $90.60.

A number of analysts have issued reports on Z shares. Barclays raised Zillow Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 29th. Keefe, Bruyette & Woods reduced their price target on Zillow Group from $80.00 to $65.00 and set a “market perform” rating for the company in a research report on Monday, February 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Zillow Group in a research 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. Finally, Mizuho cut Zillow Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th.

Insider Buying and Selling

In other news, CFO Jeremy Hofmann sold 7,786 shares of Zillow Group stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $43.73, for a total value of $340,481.78. Following the completion of the transaction, the chief financial officer directly owned 57,487 shares in the company, valued at approximately $2,513,906.51. The trade was a 11.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeremy Wacksman sold 13,661 shares of Zillow Group stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $44.25, for a total value of $604,499.25. Following the completion of the transaction, the chief executive officer owned 116,322 shares of the company’s stock, valued at approximately $5,147,248.50. This trade represents a 10.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 60,801 shares of company stock valued at $2,683,986 in the last 90 days. Corporate insiders own 23.76% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

Hedge funds have recently made changes to their positions in the stock. Pittenger & Anderson Inc. lifted its stake in shares of Zillow Group by 32.8% in the 3rd quarter. Pittenger & Anderson Inc. now owns 546 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 135 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ lifted its stake in shares of Zillow Group by 0.3% in the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 48,575 shares of the financial services provider’s stock valued at $3,743,000 after acquiring an additional 144 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Zillow Group by 20.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 954 shares of the financial services provider’s stock valued at $74,000 after acquiring an additional 162 shares during the last quarter. Cullen Frost Bankers Inc. lifted its stake in shares of Zillow Group by 58.6% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 441 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 163 shares during the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of Zillow Group by 4.7% in the 1st quarter. Empowered Funds LLC now owns 3,822 shares of the financial services provider’s stock valued at $262,000 after acquiring an additional 171 shares during the last quarter. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Zillow Group Price Performance

NASDAQ:Z opened at $45.59 on Friday. The business has a fifty day simple moving average of $43.74 and a two-hundred day simple moving average of $59.90. Zillow Group has a 1 year low of $39.05 and a 1 year high of $93.88. The company has a market capitalization of $10.94 billion, a P/E ratio of 506.61, a P/E/G ratio of 2.23 and a beta of 2.14.

Zillow Group (NASDAQ:Z) last released its earnings results on Tuesday, February 10th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). Zillow Group had a return on equity of 0.56% and a net margin of 0.89%.The firm had revenue of $654.00 million during the quarter, compared to analysts’ expectations of $650.40 million. As a group, analysts anticipate that Zillow Group will post 0.82 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.