Zillow Group, Inc. (NASDAQ:Z) has received a consensus rating of “Hold” from the eleven ratings firms that are covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $46.93.
A number of equities analysts have issued reports on Z shares. Benchmark Co. reiterated a “buy” rating and set a $55.00 target price on shares of Zillow Group in a report on Sunday, July 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $54.50 target price (up previously from $46.00) on shares of Zillow Group in a report on Friday, June 30th. Cowen and Company reiterated a “hold” rating on shares of Zillow Group in a report on Friday, July 14th. BidaskClub cut Zillow Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 8th. Finally, Deutsche Bank AG increased their target price on Zillow Group to $50.00 and gave the stock a “neutral” rating in a report on Monday, August 7th.
In related news, CEO Spencer M. Rascoff sold 22,400 shares of Zillow Group stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $45.73, for a total transaction of $1,024,352.00. Following the completion of the transaction, the chief executive officer now owns 7,500 shares in the company, valued at $342,975. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Greg M. Schwartz sold 3,750 shares of Zillow Group stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $45.56, for a total value of $170,850.00. Following the transaction, the insider now owns 3,750 shares of the company’s stock, valued at approximately $170,850. The disclosure for this sale can be found here. Insiders sold a total of 229,800 shares of company stock valued at $10,451,545 in the last 90 days. 26.97% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Zillow Group by 1,820.7% in the first quarter. BlackRock Inc. now owns 5,473,739 shares of the financial services provider’s stock valued at $184,301,000 after buying an additional 5,188,752 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Zillow Group by 949.0% in the first quarter. Goldman Sachs Group Inc. now owns 4,302,610 shares of the financial services provider’s stock valued at $144,869,000 after buying an additional 3,892,431 shares during the period. Wellington Management Group LLP increased its stake in shares of Zillow Group by 19.1% in the first quarter. Wellington Management Group LLP now owns 15,312,733 shares of the financial services provider’s stock valued at $515,579,000 after buying an additional 2,452,824 shares during the period. SRS Investment Management LLC increased its stake in shares of Zillow Group by 89.3% in the first quarter. SRS Investment Management LLC now owns 4,668,461 shares of the financial services provider’s stock valued at $157,187,000 after buying an additional 2,202,599 shares during the period. Finally, Tybourne Capital Management HK Ltd. increased its stake in shares of Zillow Group by 53.5% in the second quarter. Tybourne Capital Management HK Ltd. now owns 3,575,189 shares of the financial services provider’s stock valued at $175,220,000 after buying an additional 1,246,189 shares during the period. Institutional investors and hedge funds own 89.98% of the company’s stock.
Shares of Zillow Group (Z) traded down 1.15% on Friday, hitting $38.54. The stock had a trading volume of 242,087 shares. Zillow Group has a one year low of $31.22 and a one year high of $51.23. The company’s market capitalization is $7.15 billion. The firm has a 50 day moving average price of $45.14 and a 200 day moving average price of $40.49.
Zillow Group (NASDAQ:Z) last issued its quarterly earnings data on Tuesday, August 8th. The financial services provider reported ($0.12) EPS for the quarter. The business 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%. On average, equities research analysts predict that Zillow Group will post $0.52 earnings per share for the current fiscal year.
Zillow Group Company Profile
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