Zillow Group, Inc. (NASDAQ:ZG) Given Consensus Rating of “Hold” by Analysts

Shares of Zillow Group, Inc. (NASDAQ:ZG) have been given an average rating of “Hold” by the twenty-six research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $71.2381.

A number of equities analysts have recently commented on the company. Barclays cut their price objective on Zillow Group from $58.00 to $54.00 and set an “equal weight” rating on the stock in a report on Friday, May 8th. DA Davidson set a $75.00 price objective on Zillow Group in a report on Thursday, February 12th. Weiss Ratings lowered Zillow Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 22nd. Cantor Fitzgerald lowered their target price on Zillow Group from $56.00 to $46.00 and set a “neutral” rating for the company in a research note on Wednesday, March 25th. Finally, KeyCorp lowered their target price on Zillow Group from $75.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th.

Zillow Group Stock Up 3.0%

Shares of NASDAQ:ZG opened at $35.83 on Wednesday. Zillow Group has a 52-week low of $34.50 and a 52-week high of $90.22. The stock’s fifty day simple moving average is $40.39 and its 200-day simple moving average is $52.43. The company has a market capitalization of $8.20 billion, a P/E ratio of 143.32, a P/E/G ratio of 1.49 and a beta of 1.94.

Zillow Group (NASDAQ:ZG) last released its earnings results on Wednesday, May 6th. The technology company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.10. Zillow Group had a return on equity of 1.41% and a net margin of 2.27%.The firm had revenue of $708.00 million for the quarter, compared to the consensus estimate of $705.17 million. During the same period in the prior year, the business posted $0.41 earnings per share. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Zillow Group will post 0.9 earnings per share for the current year.

Insider Activity

In other Zillow Group news, Director Erik C. Blachford sold 791 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $34.80, for a total transaction of $27,526.80. Following the transaction, the director owned 34,952 shares of the company’s stock, valued at $1,216,329.60. This trade represents a 2.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeremy Hofmann sold 5,501 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $37.40, for a total value of $205,737.40. Following the transaction, the chief financial officer directly owned 68,315 shares in the company, valued at approximately $2,554,981. This represents a 7.45% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 42,910 shares of company stock worth $1,605,732 over the last quarter. Corporate insiders own 29.88% of the company’s stock.

Institutional Trading of Zillow Group

Several hedge funds have recently made changes to their positions in the stock. DoubleLine ETF Adviser LP lifted its holdings in shares of Zillow Group by 4.9% in the 3rd quarter. DoubleLine ETF Adviser LP now owns 3,214 shares of the technology company’s stock worth $239,000 after purchasing an additional 150 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Zillow Group by 4.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,657 shares of the technology company’s stock worth $256,000 after purchasing an additional 156 shares during the last quarter. Signaturefd LLC raised its stake in Zillow Group by 10.4% during the 4th quarter. Signaturefd LLC now owns 1,711 shares of the technology company’s stock valued at $117,000 after acquiring an additional 161 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Zillow Group by 78.9% during the 3rd quarter. Smartleaf Asset Management LLC now owns 424 shares of the technology company’s stock valued at $33,000 after acquiring an additional 187 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in Zillow Group by 23.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,033 shares of the technology company’s stock valued at $80,000 after acquiring an additional 194 shares in the last quarter. Institutional investors own 20.32% of the company’s stock.

Zillow Group Company Profile

Zillow Group (NASDAQ:ZG) is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.

Zillow’s core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.