Zillow Group, Inc. (NASDAQ:Z) Receives $93.83 Consensus PT from Brokerages

Shares of Zillow Group, Inc. (NASDAQ:Z) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $93.8333.

Several equities analysts have recently commented on the stock. Gordon Haskett upgraded shares of Zillow Group to a “strong-buy” rating in a research report on Friday, October 3rd. Oppenheimer assumed coverage on shares of Zillow Group in a report on Monday, October 6th. They set a “market perform” rating on the stock. BNP Paribas raised Zillow Group to a “strong-buy” rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their price objective on Zillow Group from $94.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Zillow Group in a report on Wednesday, October 8th.

Zillow Group Price Performance

Z stock opened at $68.53 on Thursday. Zillow Group has a fifty-two week low of $57.51 and a fifty-two week high of $93.88. The business’s fifty day moving average price is $70.51 and its two-hundred day moving average price is $76.28. The stock has a market capitalization of $16.59 billion, a price-to-earnings ratio of -489.47, a PEG ratio of 3.80 and a beta of 2.07.

Zillow Group (NASDAQ:Z) last announced its earnings results on Thursday, October 30th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). The business had revenue of $729.00 million for the quarter, compared to analyst estimates of $670.28 million. Zillow Group had a negative return on equity of 0.56% and a negative net margin of 1.29%. Research analysts expect that Zillow Group will post 0.32 EPS for the current year.

Insider Activity

In other news, insider Errol G. Samuelson sold 7,641 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $71.13, for a total transaction of $543,504.33. Following the completion of the sale, the insider directly owned 120,815 shares of the company’s stock, valued at $8,593,570.95. The trade was a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Dan Spaulding sold 5,455 shares of the stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $69.40, for a total value of $378,577.00. Following the completion of the sale, the insider directly owned 50,342 shares of the company’s stock, valued at approximately $3,493,734.80. This trade represents a 9.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 67,511 shares of company stock valued at $4,766,357. 25.03% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Root Financial Partners LLC purchased a new position in shares of Zillow Group in the third quarter worth about $27,000. Pilgrim Partners Asia Pte Ltd bought a new position in Zillow Group in the third quarter valued at $29,000. Cullen Frost Bankers Inc. raised its holdings in shares of Zillow Group by 58.6% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 441 shares of the financial services provider’s stock valued at $34,000 after buying an additional 163 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in shares of Zillow Group by 352.0% in the 2nd quarter. TD Private Client Wealth LLC now owns 452 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 352 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its stake in shares of Zillow Group by 58.2% during the second quarter. SBI Securities Co. Ltd. now owns 503 shares of the financial services provider’s stock valued at $35,000 after buying an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Zillow Group Company Profile

Zillow Group, Inc is an online real estate marketplace company that operates a portfolio of consumer-facing websites and mobile apps designed to connect buyers, sellers, renters, homeowners and real estate professionals. The company’s platforms aggregate property listings, rental listings, and related information to help users search for homes, estimate property values and connect with agents and service providers. Zillow generates revenue primarily through advertising and lead-generation services for real estate professionals, property managers and mortgage lenders.

Key products and services include the Zillow and Trulia consumer websites and apps, which provide searchable listings, photos, neighborhood data and the company’s automated home valuation tool known as the “Zestimate.” Zillow also offers a rentals marketplace, a mortgage marketplace and tools for home buying and selling such as Zillow Premier Agent for agent advertising and leads, as well as ancillary services designed to support transactions, including closing and title-related offerings.