Zillow Group, Inc. (NASDAQ:Z) Given Average Rating of “Moderate Buy” by Analysts

Shares of Zillow Group, Inc. (NASDAQ:ZGet Free Report) have been assigned an average rating of “Moderate Buy” from the ten research firms that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $70.33.

A number of analysts have recently weighed in on Z shares. Jefferies Financial Group boosted their target price on shares of Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. Bank of America lifted their target price on Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Cantor Fitzgerald upgraded Zillow Group to a “hold” rating in a report on Thursday, September 5th. Finally, Morgan Stanley lifted their price objective on shares of Zillow Group from $46.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd.

Read Our Latest Stock Report on Zillow Group

Zillow Group Stock Down 1.1 %

Z stock opened at $80.77 on Wednesday. The company has a market cap of $18.86 billion, a price-to-earnings ratio of -141.70 and a beta of 2.01. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. The business’s 50-day moving average is $71.64 and its two-hundred day moving average is $59.11. Zillow Group has a fifty-two week low of $38.45 and a fifty-two week high of $86.88.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, CAO Jennifer Rock sold 3,033 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $82.78, for a total transaction of $251,071.74. Following the sale, the chief accounting officer now directly owns 57,166 shares in the company, valued at $4,732,201.48. This represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Bradley D. Owens sold 1,212 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total transaction of $89,663.76. Following the transaction, the general counsel now owns 31,739 shares of the company’s stock, valued at $2,348,051.22. This trade represents a 3.68 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 139,689 shares of company stock worth $10,395,879. 23.76% of the stock is owned by corporate insiders.

Institutional Trading of Zillow Group

Several hedge funds have recently modified their holdings of Z. Brighton Jones LLC grew its holdings in Zillow Group by 2.4% during the 3rd quarter. Brighton Jones LLC now owns 6,953 shares of the financial services provider’s stock valued at $444,000 after buying an additional 166 shares during the last quarter. Arkadios Wealth Advisors increased its position in Zillow Group by 0.5% during the 3rd quarter. Arkadios Wealth Advisors now owns 41,430 shares of the financial services provider’s stock worth $2,645,000 after purchasing an additional 198 shares in the last quarter. Doliver Advisors LP raised its stake in Zillow Group by 3.3% in the 3rd quarter. Doliver Advisors LP now owns 9,681 shares of the financial services provider’s stock valued at $618,000 after purchasing an additional 310 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Zillow Group by 66.3% during the third quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock worth $50,000 after buying an additional 313 shares in the last quarter. Finally, CIBC Asset Management Inc raised its position in shares of Zillow Group by 5.5% in the third quarter. CIBC Asset Management Inc now owns 6,076 shares of the financial services provider’s stock valued at $388,000 after buying an additional 318 shares during the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

About Zillow Group

(Get Free Report

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.

Recommended Stories

Analyst Recommendations for Zillow Group (NASDAQ:Z)

Receive News & Ratings for Zillow Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zillow Group and related companies with MarketBeat.com's FREE daily email newsletter.