Zillow Group Inc (Z) Receives $45.61 Average PT from Analysts

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Zillow Group Inc (NASDAQ:Z) has been assigned a consensus recommendation of “Hold” from the thirteen analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $45.61.

A number of research firms have recently commented on Z. BidaskClub upgraded Zillow Group from a “hold” rating to a “buy” rating in a research note on Thursday, January 31st. Needham & Company LLC began coverage on Zillow Group in a research note on Tuesday, January 8th. They issued a “hold” rating and a $30.85 target price for the company. ValuEngine cut Zillow Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Craig Hallum upgraded Zillow Group from a “hold” rating to a “buy” rating and raised their target price for the company from $35.00 to $50.00 in a research note on Thursday, November 29th. Finally, Standpoint Research began coverage on Zillow Group in a research note on Monday, November 26th. They issued a “buy” rating and a $48.00 target price for the company.

In other Zillow Group news, CTO David A. Beitel sold 728 shares of Zillow Group stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $36.38, for a total transaction of $26,484.64. Following the completion of the transaction, the chief technology officer now owns 39,686 shares in the company, valued at $1,443,776.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Greg M. Schwartz sold 5,400 shares of Zillow Group stock in a transaction on Wednesday, January 2nd. The shares were sold at an average price of $31.44, for a total value of $169,776.00. Following the transaction, the insider now owns 1,800 shares of the company’s stock, valued at approximately $56,592. The disclosure for this sale can be found here. Insiders have sold 6,765 shares of company stock valued at $219,439 in the last quarter. 58.08% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the company. ARK Investment Management LLC raised its stake in shares of Zillow Group by 634.6% in the third quarter. ARK Investment Management LLC now owns 987,749 shares of the financial services provider’s stock worth $43,708,000 after purchasing an additional 853,288 shares during the last quarter. Global Thematic Partners LLC raised its stake in shares of Zillow Group by 114.7% in the third quarter. Global Thematic Partners LLC now owns 1,574,342 shares of the financial services provider’s stock worth $69,666,000 after purchasing an additional 841,187 shares during the last quarter. Valiant Capital Management L.P. raised its stake in shares of Zillow Group by 33.4% in the third quarter. Valiant Capital Management L.P. now owns 1,561,014 shares of the financial services provider’s stock worth $69,075,000 after purchasing an additional 390,958 shares during the last quarter. Xact Kapitalforvaltning AB raised its stake in shares of Zillow Group by 32.1% in the fourth quarter. Xact Kapitalforvaltning AB now owns 21,398 shares of the financial services provider’s stock worth $676,000 after purchasing an additional 5,200 shares during the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of Zillow Group by 113.9% in the third quarter. Mackenzie Financial Corp now owns 7,248 shares of the financial services provider’s stock worth $321,000 after purchasing an additional 3,859 shares during the last quarter. Hedge funds and other institutional investors own 61.89% of the company’s stock.

Z opened at $35.04 on Tuesday. The company has a quick ratio of 11.43, a current ratio of 11.72 and a debt-to-equity ratio of 0.21. Zillow Group has a 52 week low of $26.38 and a 52 week high of $65.70.

About Zillow Group

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 consumers 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.

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Analyst Recommendations for Zillow Group (NASDAQ:Z)

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