Zillow Group Inc (Z) Receives $41.98 Average Target Price from Analysts

Shares of Zillow Group Inc (NASDAQ:Z) have received a consensus rating of “Hold” from the twelve brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $38.84.

Z has been the topic of a number of research reports. BidaskClub lowered Zillow Group from a “buy” rating to a “hold” rating in a report on Tuesday, December 18th. ValuEngine lowered Zillow Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Needham & Company LLC initiated coverage on Zillow Group in a report on Tuesday, January 8th. They issued a “hold” rating and a $30.85 price objective on the stock. Bank of America lowered Zillow Group from a “neutral” rating to an “underperform” rating and set a $31.00 price objective on the stock. in a report on Friday, February 22nd. Finally, Cowen raised Zillow Group from a “market perform” rating to an “outperform” rating in a report on Monday, April 8th.

Z traded down $1.19 during trading hours on Wednesday, reaching $36.98. The company’s stock had a trading volume of 1,395,912 shares, compared to its average volume of 2,837,890. Zillow Group has a 52 week low of $26.38 and a 52 week high of $65.70. The company has a debt-to-equity ratio of 0.21, a quick ratio of 6.02 and a current ratio of 6.58.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings results on Thursday, February 21st. The financial services provider reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.19). Zillow Group had a negative net margin of 8.99% and a negative return on equity of 1.63%. The business had revenue of $365.34 million during the quarter.

In other Zillow Group news, insider Errol G. Samuelson sold 4,711 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $35.29, for a total value of $166,251.19. Following the completion of the transaction, the insider now directly owns 89,592 shares in the company, valued at $3,161,701.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jennifer Rock sold 15,912 shares of the stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $43.10, for a total value of $685,807.20. Following the completion of the transaction, the chief accounting officer now owns 821 shares of the company’s stock, valued at $35,385.10. The disclosure for this sale can be found here. Insiders sold 47,201 shares of company stock valued at $1,959,801 over the last quarter. Corporate insiders own 58.08% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Kiwi Wealth Investments Limited Partnership raised its position in shares of Zillow Group by 369.7% during the fourth quarter. Kiwi Wealth Investments Limited Partnership now owns 599,206 shares of the financial services provider’s stock worth $18,923,000 after acquiring an additional 471,623 shares during the last quarter. HAP Trading LLC increased its holdings in Zillow Group by 153.7% in the fourth quarter. HAP Trading LLC now owns 39,480 shares of the financial services provider’s stock worth $1,247,000 after purchasing an additional 112,980 shares in the last quarter. Global Thematic Partners LLC increased its holdings in Zillow Group by 31.7% in 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 purchasing an additional 499,425 shares in the last quarter. Xact Kapitalforvaltning AB increased its holdings in 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 in the last quarter. Finally, Berman Capital Advisors LLC bought a new stake in Zillow Group in the fourth quarter worth approximately $157,000. Institutional investors own 67.08% 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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Analyst Recommendations for Zillow Group (NASDAQ:Z)

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