Other equities research analysts have also recently issued research reports about the company. ValuEngine cut Zillow Group from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Morgan Stanley lowered their price target on Zillow Group from $37.00 to $32.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. Finally, TheStreet cut Zillow Group from a “c-” rating to a “d+” rating in a report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $40.71.
NASDAQ Z opened at $42.54 on Friday. The company has a current ratio of 3.81, a quick ratio of 2.84 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average is $37.93 and its two-hundred day moving average is $39.22. Zillow Group has a 12-month low of $27.71 and a 12-month high of $51.47.
Zillow Group (NASDAQ:Z) last released its earnings results on Thursday, November 7th. The financial services provider reported ($0.32) earnings per share (EPS) for the quarter. Zillow Group had a negative return on equity of 7.20% and a negative net margin of 13.95%. The business had revenue of $745.21 million for the quarter.
In related news, Director Spencer M. Rascoff sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $41.09, for a total value of $2,054,500.00. Following the sale, the director now owns 62,000 shares in the company, valued at approximately $2,547,580. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Erik C. Blachford sold 45,417 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $39.04, for a total value of $1,773,079.68. Following the completion of the sale, the director now owns 18,281 shares in the company, valued at approximately $713,690.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 153,664 shares of company stock worth $6,113,417. Insiders own 19.87% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas purchased a new stake in Zillow Group in the 2nd quarter valued at approximately $4,028,000. BB&T Securities LLC purchased a new stake in Zillow Group in the 2nd quarter valued at approximately $266,000. Charles Schwab Investment Management Inc. lifted its stake in Zillow Group by 5.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 516,316 shares of the financial services provider’s stock valued at $23,952,000 after buying an additional 25,101 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Zillow Group by 54.1% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,448,059 shares of the financial services provider’s stock valued at $162,461,000 after buying an additional 1,912,042 shares in the last quarter. Finally, California Public Employees Retirement System lifted its stake in Zillow Group by 1,168.5% in the 3rd quarter. California Public Employees Retirement System now owns 233,400 shares of the financial services provider’s stock valued at $6,960,000 after buying an additional 215,000 shares in the last quarter. Institutional investors and hedge funds own 69.86% of the company’s stock.
About Zillow Group
Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.
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