Zillow Group, Inc. (NASDAQ:Z) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Zillow Group, Inc. (NASDAQ:Z) have earned an average rating of “Moderate Buy” from the sixteen brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, five have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $61.29.

A number of analysts have weighed in on Z shares. Wall Street Zen downgraded shares of Zillow Group from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. JPMorgan Chase & Co. dropped their price objective on shares of Zillow Group from $76.00 to $62.00 and set an “overweight” rating on the stock in a report on Tuesday, August 11th. Evercore lowered shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Zacks Research cut shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Zillow Group in a research note on Wednesday, August 19th.

Insider Buying and Selling at Zillow Group

In related news, insider Dan Spaulding sold 3,169 shares of the company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $35.37, for a total value of $112,087.53. Following the completion of the transaction, the insider directly owned 44,561 shares in the company, valued at approximately $1,576,122.57. This represents a 6.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Claire Cormier Thielke sold 1,187 shares of the firm’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $35.71, for a total value of $42,387.77. Following the completion of the transaction, the director directly owned 2,375 shares of the company’s stock, valued at approximately $84,811.25. This trade represents a 33.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 38,539 shares of company stock valued at $1,323,800 in the last quarter. 25.03% of the stock is currently owned by corporate insiders.

Institutional Trading of Zillow Group

Several institutional investors have recently made changes to their positions in Z. SBI Okasan Asset Management Co.Ltd. bought a new stake in Zillow Group in the fourth quarter valued at about $71,000. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its stake in Zillow Group by 34.5% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,170 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 300 shares during the period. Leonteq Securities AG boosted its holdings in Zillow Group by 627.0% during the first quarter. Leonteq Securities AG now owns 1,345 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 1,160 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Zillow Group by 283.2% during the first quarter. EverSource Wealth Advisors LLC now owns 1,414 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 1,045 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Zillow Group in the 2nd quarter valued at approximately $78,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Zillow Group Stock Up 1.0%

Shares of NASDAQ Z opened at $28.43 on Tuesday. Zillow Group has a 12 month low of $27.64 and a 12 month high of $81.56. The company has a market cap of $6.39 billion, a P/E ratio of 129.23, a P/E/G ratio of 1.24 and a beta of 2.00. The business’s 50 day moving average is $33.31 and its two-hundred day moving average is $36.62.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.07. The company had revenue of $772.00 million during the quarter, compared to analysts’ expectations of $758.10 million. Zillow Group had a return on equity of 2.32% and a net margin of 1.96%. Sell-side analysts expect that Zillow Group will post 0.89 earnings per share for the current fiscal year.

Zillow Group Company Profile

Zillow Group, Inc is a digital real estate company that operates online marketplaces and technology platforms designed to help consumers discover, buy, sell, rent and finance homes. Its websites and mobile applications provide property listings, home values, market data, search tools and connections to real estate professionals.

The company’s portfolio includes Zillow, Trulia, StreetEasy and HotPads, which serve residential real estate consumers and professionals across the United States.