Zillow Group Inc (Z) Receives $45.61 Consensus Target Price from Brokerages

Zillow Group Inc (NASDAQ:Z) has earned a consensus recommendation of “Hold” from the fourteen research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $45.61.

Z has been the subject of several analyst reports. ValuEngine upgraded Zillow Group from a “hold” rating to a “buy” rating in a report on Friday, October 26th. Craig Hallum upgraded Zillow Group from a “hold” rating to a “buy” rating and raised their price objective for the company from $35.00 to $50.00 in a report on Thursday, November 29th. BidaskClub upgraded Zillow Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 28th. Standpoint Research started coverage on shares of Zillow Group in a research note on Monday, November 26th. They issued a “buy” rating and a $48.00 target price for the company. Finally, Morgan Stanley cut their target price on shares of Zillow Group from $52.00 to $33.00 and set an “equal weight” rating for the company in a research note on Thursday, November 8th.

Z stock traded up $0.29 during trading hours on Friday, reaching $33.24. 15,219 shares of the stock were exchanged, compared to its average volume of 1,987,682. The company has a current ratio of 11.72, a quick ratio of 11.43 and a debt-to-equity ratio of 0.21. Zillow Group has a 12 month low of $26.38 and a 12 month high of $65.70.

Zillow Group (NASDAQ:Z) last released its earnings results on Tuesday, November 6th. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.14). The firm had revenue of $343.09 million for the quarter. Zillow Group had a positive return on equity of 0.06% and a negative net margin of 7.94%.

In other news, Chairman Richard N. Barton acquired 50,702 shares of the firm’s stock in a transaction that occurred on Friday, November 16th. The shares were acquired at an average cost of $28.14 per share, with a total value of $1,426,754.28. Following the completion of the purchase, the chairman now directly owns 6,408,847 shares of the company’s stock, valued at approximately $180,344,954.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jay C. Hoag acquired 650,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 21st. The stock was purchased at an average cost of $29.09 per share, for a total transaction of $18,908,500.00. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 2,179,897 shares of company stock valued at $67,096,564 and sold 11,362 shares valued at $403,854. 58.08% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in Z. Baillie Gifford & Co. grew its stake in shares of Zillow Group by 4.5% during the third quarter. Baillie Gifford & Co. now owns 10,374,923 shares of the financial services provider’s stock worth $459,090,000 after buying an additional 447,301 shares during the last quarter. Vanguard Group Inc grew its stake in shares of Zillow Group by 4.2% during the third quarter. Vanguard Group Inc now owns 9,614,442 shares of the financial services provider’s stock worth $425,438,000 after buying an additional 386,768 shares during the last quarter. Global Thematic Partners LLC grew its stake in shares of Zillow Group by 31.7% during the fourth quarter. Global Thematic Partners LLC now owns 2,073,767 shares of the financial services provider’s stock worth $65,490,000 after buying an additional 499,425 shares during the last quarter. Valiant Capital Management L.P. grew its stake in shares of Zillow Group by 33.4% during 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 buying an additional 390,958 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Zillow Group by 225.9% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,135,501 shares of the financial services provider’s stock worth $50,246,000 after buying an additional 787,071 shares during the last quarter. 61.42% of the stock is currently owned by institutional investors and hedge funds.

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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