Zillow Group, Inc. (NASDAQ:ZG) Receives Average Rating of “Hold” from Brokerages

Shares of Zillow Group, Inc. (NASDAQ:ZG) have earned a consensus rating of “Hold” from the twenty-five research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $53.1364.

Several research firms recently commented on ZG. Zacks Research lowered shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. KeyCorp reaffirmed an “overweight” rating and issued a $48.00 price target on shares of Zillow Group in a report on Tuesday, August 25th. Citizens Jmp reduced their price target on Zillow Group from $75.00 to $46.00 and set a “market outperform” rating on the stock in a research report on Friday, August 7th. Evercore set a $40.00 price objective on Zillow Group and gave the company an “in-line” rating in a report on Thursday, August 6th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Zillow Group in a research report on Wednesday, August 19th.

Zillow Group Stock Performance

Shares of Zillow Group stock opened at $30.66 on Friday. The company has a market capitalization of $6.89 billion, a PE ratio of 139.37, a P/E/G ratio of 1.39 and a beta of 1.97. The company has a 50-day simple moving average of $34.20 and a two-hundred day simple moving average of $37.46. Zillow Group has a one year low of $29.03 and a one year high of $87.37.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.44 by $0.08. Zillow Group had a net margin of 1.96% and a return on equity of 2.32%. The business had revenue of $772.00 million during the quarter, compared to analyst estimates of $758.25 million. During the same period in the prior year, the firm posted $0.40 earnings per share. The company’s quarterly revenue was up 17.9% on a year-over-year basis. On average, equities analysts predict that Zillow Group will post 0.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Zillow Group news, CFO Jeremy Hofmann sold 5,661 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $34.18, for a total value of $193,492.98. Following the completion of the sale, the chief financial officer owned 59,144 shares of the company’s stock, valued at approximately $2,021,541.92. This trade represents a 8.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Claire Thielke sold 1,187 shares of the business’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $35.71, for a total value of $42,387.77. Following the sale, the director owned 2,375 shares in the company, valued at $84,811.25. The trade was a 33.32% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 38,539 shares of company stock valued at $1,323,800 in the last 90 days. 29.88% of the stock is owned by insiders.

Institutional Trading of Zillow Group

Several large investors have recently bought and sold shares of the stock. First Command Advisory Services Inc. acquired a new stake in shares of Zillow Group during the fourth quarter worth $34,000. Global Retirement Partners LLC increased its position in shares of Zillow Group by 4,130.0% in the 4th quarter. Global Retirement Partners LLC now owns 846 shares of the technology company’s stock valued at $58,000 after acquiring an additional 826 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of Zillow Group in the 2nd quarter valued at $29,000. EverSource Wealth Advisors LLC raised its stake in Zillow Group by 183.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 984 shares of the technology company’s stock worth $41,000 after acquiring an additional 637 shares during the last quarter. Finally, Fifth Third Bancorp raised its stake in Zillow Group by 990.3% in the 1st quarter. Fifth Third Bancorp now owns 1,014 shares of the technology company’s stock worth $42,000 after acquiring an additional 921 shares during the last quarter. Hedge funds and other institutional investors own 20.32% of the company’s stock.

Zillow Group Company Profile

Zillow Group, Inc is a digital real estate company that operates online marketplaces and technology platforms for consumers and real estate professionals. Its flagship Zillow platform provides property listings, home-value estimates, neighborhood information, mortgage resources and tools that help people buy, sell, rent and finance homes.

The company’s portfolio also includes Trulia, StreetEasy, HotPads and Zillow Rentals, which serve home shoppers and renters in markets across the United States.