Zillow Group, Inc. (NASDAQ:Z) Given Average Recommendation of “Moderate Buy” by Analysts

Zillow Group, Inc. (NASDAQ:Z) has been assigned an average recommendation of “Moderate Buy” from the sixteen brokerages 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, four have issued a buy rating and three have assigned a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $91.1429.

Z has been the subject of several research reports. Oppenheimer began coverage on Zillow Group in a report on Monday, October 6th. They set a “market perform” rating for the company. Sanford C. Bernstein raised shares of Zillow Group from a “market perform” rating to an “outperform” rating and set a $105.00 price objective on the stock in a research report on Wednesday, September 17th. Keefe, Bruyette & Woods cut their target price on shares of Zillow Group from $85.00 to $80.00 and set a “market perform” rating for the company in a research note on Monday, November 3rd. JPMorgan Chase & Co. upped their price target on shares of Zillow Group from $94.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Finally, Mizuho upgraded shares of Zillow Group to a “strong-buy” rating in a research report on Monday, September 29th.

Zillow Group Stock Performance

Zillow Group stock opened at $69.81 on Friday. The stock has a 50-day simple moving average of $72.49 and a 200 day simple moving average of $76.43. The stock has a market capitalization of $16.90 billion, a P/E ratio of -498.61, a PEG ratio of 27.45 and a beta of 2.10. Zillow Group has a 52 week low of $57.51 and a 52 week high of $93.88.

Zillow Group (NASDAQ:Z) last released its quarterly earnings data on Thursday, October 30th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.02). Zillow Group had a negative net margin of 1.29% and a negative return on equity of 0.56%. The business had revenue of $729.00 million during the quarter, compared to the consensus estimate of $670.28 million. Research analysts forecast that Zillow Group will post 0.32 earnings per share for the current year.

Insider Activity at Zillow Group

In other Zillow Group news, CEO Jeremy Wacksman sold 10,855 shares of the stock in a transaction on Friday, November 14th. The stock was sold at an average price of $69.99, for a total transaction of $759,741.45. Following the transaction, the chief executive officer owned 134,712 shares in the company, valued at $9,428,492.88. This trade represents a 7.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jeremy Hofmann sold 7,865 shares of Zillow Group stock in a transaction on Friday, November 14th. The stock was sold at an average price of $69.53, for a total value of $546,853.45. Following the sale, the chief financial officer directly owned 70,811 shares of the company’s stock, valued at $4,923,488.83. This represents a 10.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 67,511 shares of company stock valued at $4,766,357 in the last 90 days. Corporate insiders own 25.03% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

A number of hedge funds have recently bought and sold shares of Z. Scge Management L.P. bought a new stake in Zillow Group in the 3rd quarter valued at about $133,990,000. Eminence Capital LP boosted its stake in shares of Zillow Group by 63.6% in the second quarter. Eminence Capital LP now owns 3,978,731 shares of the financial services provider’s stock valued at $278,710,000 after buying an additional 1,546,577 shares during the period. Soma Equity Partners LP boosted its stake in shares of Zillow Group by 389.5% in the third quarter. Soma Equity Partners LP now owns 1,468,492 shares of the financial services provider’s stock valued at $113,147,000 after buying an additional 1,168,492 shares during the period. Holocene Advisors LP acquired a new stake in Zillow Group during the second quarter worth approximately $57,021,000. Finally, Capital World Investors increased its stake in Zillow Group by 7.8% during the 3rd quarter. Capital World Investors now owns 10,635,008 shares of the financial services provider’s stock worth $819,427,000 after acquiring an additional 769,944 shares during the period. 71.01% of the stock is owned by institutional investors.

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.