Zillow Group (Z) Upgraded to Hold by BidaskClub

Zillow Group (NASDAQ:Z) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Wednesday, BidAskClub reports.

Other equities analysts have also recently issued research reports about the company. Cowen upgraded Zillow Group from a “market perform” rating to an “outperform” rating in a report on Monday, April 8th. Bank of America lifted their target price on Zillow Group from $31.00 to $35.00 and gave the stock an “underperform” rating in a report on Friday, May 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $39.41.

NASDAQ:Z opened at $39.13 on Wednesday. The company has a quick ratio of 3.98, a current ratio of 4.73 and a debt-to-equity ratio of 0.25. Zillow Group has a 1 year low of $26.38 and a 1 year high of $65.70.

Zillow Group (NASDAQ:Z) last announced its earnings results on Thursday, May 9th. The financial services provider reported ($0.33) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.14). The company had revenue of $454.10 million during the quarter. Zillow Group had a negative return on equity of 3.18% and a negative net margin of 11.35%.

In related news, insider Errol G. Samuelson sold 4,711 shares of the business’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $35.29, for a total transaction of $166,251.19. Following the completion of the transaction, the insider now owns 89,592 shares in the company, valued at approximately $3,161,701.68. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Arik Prawer sold 18,546 shares of the business’s stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $42.00, for a total value of $778,932.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,836 shares of company stock valued at $1,910,138. 19.87% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kiwi Wealth Investments Limited Partnership lifted its holdings in shares of Zillow Group by 369.7% in the 4th quarter. Kiwi Wealth Investments Limited Partnership now owns 599,206 shares of the financial services provider’s stock worth $18,923,000 after buying an additional 471,623 shares during the period. HAP Trading LLC lifted its holdings in shares of Zillow Group by 153.7% in the 4th quarter. HAP Trading LLC now owns 39,480 shares of the financial services provider’s stock worth $1,247,000 after buying an additional 112,980 shares during the period. Baillie Gifford & Co. lifted its holdings in shares of Zillow Group by 1.3% in the 1st quarter. Baillie Gifford & Co. now owns 11,435,769 shares of the financial services provider’s stock worth $397,278,000 after buying an additional 152,319 shares during the period. Global Thematic Partners LLC lifted its holdings in shares of Zillow Group by 31.7% in the 4th 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 period. Finally, Xact Kapitalforvaltning AB lifted its holdings in shares of Zillow Group by 32.1% in the 4th quarter. Xact Kapitalforvaltning AB now owns 21,398 shares of the financial services provider’s stock worth $676,000 after buying an additional 5,200 shares during the period. Institutional investors own 67.19% of the company’s stock.

Zillow Group Company Profile

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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