Zillow Group, Inc. (Z) Rating Reiterated by Cowen and Company

Zillow Group, Inc. (NASDAQ:Z)‘s stock had its “hold” rating reissued by analysts at Cowen and Company in a report released on Friday, July 14th.

Z has been the topic of a number of other research reports. BidaskClub cut Zillow Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. Stifel Nicolaus restated a “buy” rating and set a $54.50 price objective (up from $46.00) on shares of Zillow Group in a research report on Friday, June 30th. Zacks Investment Research upgraded Zillow Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 17th. Benchmark Co. reiterated a “buy” rating and set a $55.00 price target on shares of Zillow Group in a report on Sunday, July 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $48.00 price target (up from $41.00) on shares of Zillow Group in a report on Friday, May 5th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $46.06.

Shares of Zillow Group (NASDAQ Z) opened at 40.97 on Friday. Zillow Group has a 52-week low of $31.22 and a 52-week high of $51.23. The stock’s market capitalization is $7.60 billion. The firm has a 50-day moving average of $46.17 and a 200 day moving average of $40.38.

Zillow Group (NASDAQ:Z) last released its earnings results on Tuesday, August 8th. The financial services provider reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $266.85 million for the quarter. Zillow Group had a negative return on equity of 0.40% and a negative net margin of 4.47%. Equities research analysts forecast that Zillow Group will post $0.50 EPS for the current fiscal year.

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In other news, CEO Spencer M. Rascoff sold 29,854 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $43.94, for a total transaction of $1,311,784.76. Following the sale, the chief executive officer now directly owns 120,146 shares in the company, valued at $5,279,215.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Spencer M. Rascoff sold 120,146 shares of the business’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $43.34, for a total value of $5,207,127.64. Following the completion of the sale, the chief executive officer now directly owns 120,146 shares in the company, valued at approximately $5,207,127.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 379,800 shares of company stock worth $16,970,457. Company insiders own 26.97% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Sumitomo Mitsui Asset Management Company LTD raised its position in Zillow Group by 0.4% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 7,708 shares of the financial services provider’s stock worth $259,000 after buying an additional 27 shares in the last quarter. D.A. Davidson & CO. raised its position in Zillow Group by 2.1% in the second quarter. D.A. Davidson & CO. now owns 2,817 shares of the financial services provider’s stock worth $138,000 after buying an additional 57 shares in the last quarter. Public Employees Retirement Association of Colorado raised its position in Zillow Group by 0.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 22,437 shares of the financial services provider’s stock worth $1,100,000 after buying an additional 58 shares in the last quarter. Lourd Capital LLC raised its position in Zillow Group by 1.1% in the second quarter. Lourd Capital LLC now owns 8,128 shares of the financial services provider’s stock worth $398,000 after buying an additional 90 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in Zillow Group by 1.6% in the second quarter. Prudential Financial Inc. now owns 6,284 shares of the financial services provider’s stock worth $308,000 after buying an additional 100 shares in the last quarter. 91.81% of the stock is currently owned by institutional investors and hedge funds.

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