Zillow Group (Z) Upgraded to Hold at BidaskClub

BidaskClub upgraded shares of Zillow Group (NASDAQ:Z) from a sell rating to a hold rating in a report published on Tuesday.

Several other equities analysts have also recently commented on Z. Benchmark reissued a buy rating and issued a $55.00 price target on shares of Zillow Group in a research report on Thursday, October 5th. Canaccord Genuity lifted their price objective on shares of Zillow Group from $52.00 to $53.00 and gave the stock a buy rating in a research report on Wednesday, November 8th. Finally, Morgan Stanley raised shares of Zillow Group from an equal weight rating to an overweight rating and set a $50.00 price objective for the company in a research report on Wednesday, January 10th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $48.81.

Shares of Zillow Group (NASDAQ:Z) traded down $1.39 during mid-day trading on Tuesday, reaching $42.58. 2,121,123 shares of the company’s stock traded hands, compared to its average volume of 1,016,825. The company has a debt-to-equity ratio of 0.14, a current ratio of 6.44 and a quick ratio of 6.44. Zillow Group has a 52 week low of $32.56 and a 52 week high of $51.23. The stock has a market cap of $5,560.00 and a PE ratio of -193.55.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.05 EPS for the quarter. Zillow Group had a negative net margin of 3.99% and a negative return on equity of 0.25%.

In related news, CTO David A. Beitel sold 57,189 shares of Zillow Group stock in a transaction on Friday, November 10th. The shares were sold at an average price of $39.34, for a total transaction of $2,249,815.26. Following the sale, the chief technology officer now directly owns 5,977 shares in the company, valued at approximately $235,135.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Spencer M. Rascoff sold 141,500 shares of Zillow Group stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $39.54, for a total transaction of $5,594,910.00. Following the sale, the chief executive officer now owns 73,279 shares in the company, valued at $2,897,451.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 678,791 shares of company stock valued at $27,500,334. Corporate insiders own 21.72% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue acquired a new stake in Zillow Group during the 4th quarter worth $294,000. Schwab Charles Investment Management Inc. raised its stake in Zillow Group by 5.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 346,831 shares of the financial services provider’s stock worth $14,193,000 after acquiring an additional 17,857 shares in the last quarter. Gateway Investment Advisers LLC raised its stake in Zillow Group by 107.7% during the 4th quarter. Gateway Investment Advisers LLC now owns 75,207 shares of the financial services provider’s stock worth $3,077,000 after acquiring an additional 38,992 shares in the last quarter. Bank of Montreal Can raised its stake in Zillow Group by 8.6% during the 4th quarter. Bank of Montreal Can now owns 64,438 shares of the financial services provider’s stock worth $2,637,000 after acquiring an additional 5,111 shares in the last quarter. Finally, AXA increased its stake in Zillow Group by 5.0% in the third quarter. AXA now owns 180,036 shares of the financial services provider’s stock valued at $7,239,000 after purchasing an additional 8,500 shares during the period. Hedge funds and other institutional investors own 58.00% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece was reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another domain, it was stolen and reposted in violation of US and international copyright and trademark law. The original version of this piece can be accessed at https://www.com-unik.info/2018/01/19/zillow-group-z-upgraded-to-hold-at-bidaskclub.html.

Zillow Group Company Profile

Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable people find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

Analyst Recommendations for Zillow Group (NASDAQ:Z)

Receive News & Ratings for Zillow Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zillow Group and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit