A number of other equities research analysts also recently commented on the stock. ValuEngine upgraded shares of Zillow Group from a hold rating to a buy rating in a report on Thursday, August 1st. TheStreet downgraded shares of Zillow Group from a c- rating to a d+ rating in a report on Wednesday, September 4th. KeyCorp lowered their price target on shares of Zillow Group from $66.00 to $65.00 and set an overweight rating for the company in a report on Thursday, August 8th. Morgan Stanley lowered their price target on shares of Zillow Group from $37.00 to $32.00 and set an equal weight rating for the company in a report on Tuesday. Finally, Standpoint Research downgraded shares of Zillow Group from a buy rating to a hold rating in a report on Tuesday, July 16th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $40.55.
Shares of NASDAQ Z traded up $1.08 during midday trading on Wednesday, reaching $32.35. 130,276 shares of the stock were exchanged, compared to its average volume of 2,922,879. Zillow Group has a 52-week low of $26.38 and a 52-week high of $51.47. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.76 and a current ratio of 3.67. The stock has a 50 day moving average price of $31.05 and a 200-day moving average price of $39.01.
Zillow Group (NASDAQ:Z) last issued its quarterly earnings results on Wednesday, August 7th. The financial services provider reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.21). The firm had revenue of $599.58 million for the quarter. Zillow Group had a negative return on equity of 5.12% and a negative net margin of 13.49%.
In other Zillow Group news, CAO Jennifer Rock sold 3,782 shares of Zillow Group stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $35.91, for a total transaction of $135,811.62. Following the transaction, the chief accounting officer now directly owns 35,105 shares of the company’s stock, valued at $1,260,620.55. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Spencer M. Rascoff sold 2,000 shares of Zillow Group stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $34.15, for a total transaction of $68,300.00. Following the transaction, the director now directly owns 14,000 shares in the company, valued at $478,100. The disclosure for this sale can be found here. Insiders sold 23,489 shares of company stock worth $984,064 over the last three months. Corporate insiders own 19.87% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Coastal Investment Advisors Inc. lifted its position in Zillow Group by 177.0% during the second quarter. Coastal Investment Advisors Inc. now owns 554 shares of the financial services provider’s stock valued at $26,000 after buying an additional 354 shares in the last quarter. WealthStone Inc. acquired a new position in Zillow Group during the second quarter valued at approximately $30,000. MUFG Americas Holdings Corp acquired a new position in shares of Zillow Group during the second quarter worth $32,000. Kavar Capital Partners LLC acquired a new position in shares of Zillow Group during the second quarter worth $87,000. Finally, Steward Partners Investment Advisory LLC acquired a new position in shares of Zillow Group during the second quarter worth $99,000. 69.22% of the stock is currently owned by hedge funds and other institutional investors.
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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