Zillow Group, Inc. (NASDAQ:Z) Given Consensus Recommendation of “Hold” by Analysts

Zillow Group, Inc. (NASDAQ:Z) has received an average rating of “Hold” from the fourteen ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $90.60.

A number of equities analysts have commented on the stock. Zelman & Associates raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a report on Wednesday, February 11th. Mizuho lowered Zillow Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Keefe, Bruyette & Woods reduced their price objective on Zillow Group from $80.00 to $65.00 and set a “market perform” rating on the stock in a research note on Monday, February 9th. Finally, Barclays upgraded Zillow Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 29th.

Insider Activity at Zillow Group

In related news, insider Dan Spaulding sold 5,361 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $43.95, for a total value of $235,615.95. Following the completion of the sale, the insider directly owned 41,080 shares in the company, valued at $1,805,466. This trade represents a 11.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO David A. Beitel sold 3,966 shares of Zillow Group stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $44.22, for a total transaction of $175,376.52. Following the transaction, the chief technology officer directly owned 136,690 shares of the company’s stock, valued at $6,044,431.80. The trade was a 2.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 60,801 shares of company stock worth $2,683,986 in the last ninety days. Corporate insiders own 25.03% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

A number of large investors have recently made changes to their positions in the company. Root Financial Partners LLC purchased a new stake in Zillow Group in the 3rd quarter worth about $27,000. V Square Quantitative Management LLC purchased a new position in shares of Zillow Group during the fourth quarter valued at approximately $28,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Zillow Group during the third quarter valued at approximately $29,000. Cullen Frost Bankers Inc. grew its stake in shares of Zillow Group by 58.6% during the third 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 during the last quarter. Finally, Pittenger & Anderson Inc. raised its holdings in shares of Zillow Group by 32.8% in the third quarter. Pittenger & Anderson Inc. now owns 546 shares of the financial services provider’s stock worth $42,000 after buying an additional 135 shares during the period. 71.01% of the stock is owned by hedge funds and other institutional investors.

Zillow Group Price Performance

Shares of Z opened at $40.60 on Tuesday. The stock has a market capitalization of $9.74 billion, a price-to-earnings ratio of 451.16, a price-to-earnings-growth ratio of 2.27 and a beta of 2.14. Zillow Group has a 1 year low of $39.05 and a 1 year high of $93.88. The business’s 50 day simple moving average is $47.91 and its 200-day simple moving average is $63.95.

Zillow Group (NASDAQ:Z) last posted its earnings results on Tuesday, February 10th. The financial services provider reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The business had revenue of $654.00 million during the quarter, compared to analysts’ expectations of $650.40 million. Zillow Group had a net margin of 0.89% and a return on equity of 0.56%. On average, sell-side analysts expect that Zillow Group will post 0.32 earnings per share for the current year.

About Zillow Group

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.