William Blair Begins Coverage on Zillow Group (NASDAQ:Z)

Investment analysts at William Blair began coverage on shares of Zillow Group (NASDAQ:Z) in a note issued to investors on Monday,Benzinga reports. The firm set a “market perform” rating on the financial services provider’s stock.

Several other equities analysts have also recently issued reports on Z. Keefe, Bruyette & Woods initiated coverage on shares of Zillow Group in a research note on Friday, March 28th. They issued a “market perform” rating and a $80.00 price objective on the stock. Wedbush reaffirmed an “outperform” rating and issued a $100.00 price target on shares of Zillow Group in a report on Wednesday, February 12th. Baird R W upgraded Zillow Group to a “hold” rating in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft lifted their target price on Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 12th. Seven analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $81.71.

Zillow Group Stock Performance

Shares of NASDAQ Z opened at $62.57 on Monday. Zillow Group has a 1 year low of $38.45 and a 1 year high of $89.39. The firm has a market cap of $15.18 billion, a P/E ratio of -133.13, a PEG ratio of 9.24 and a beta of 2.19. The stock has a fifty day moving average price of $71.07 and a two-hundred day moving average price of $73.19.

Zillow Group (NASDAQ:Z) last announced its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. On average, research analysts predict that Zillow Group will post 0.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Jeremy Hofmann sold 1,612 shares of Zillow Group stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total transaction of $136,987.76. Following the completion of the sale, the chief financial officer now directly owns 99,362 shares in the company, valued at $8,443,782.76. The trade was a 1.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jun Choo sold 1,277 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total value of $99,248.44. Following the completion of the transaction, the chief operating officer now owns 86,853 shares in the company, valued at $6,750,215.16. This represents a 1.45 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 98,919 shares of company stock valued at $7,869,478. Corporate insiders own 23.76% of the company’s stock.

Institutional Trading of Zillow Group

Large investors have recently added to or reduced their stakes in the business. Synovus Financial Corp bought a new stake in Zillow Group during the third quarter worth approximately $311,000. Everence Capital Management Inc. acquired a new position in Zillow Group in the 4th quarter valued at $427,000. Nordea Investment Management AB raised its holdings in Zillow Group by 10.4% in the 4th quarter. Nordea Investment Management AB now owns 11,833 shares of the financial services provider’s stock worth $887,000 after acquiring an additional 1,112 shares during the period. Friedenthal Financial acquired a new position in Zillow Group during the 4th quarter worth $754,000. Finally, Rosenberg Matthew Hamilton boosted its holdings in Zillow Group by 17.9% during the fourth quarter. Rosenberg Matthew Hamilton now owns 1,617 shares of the financial services provider’s stock valued at $120,000 after acquiring an additional 245 shares during the period. 71.01% of the stock is owned by institutional investors.

About Zillow Group

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.