Brokerages Set Zillow Group, Inc. (NASDAQ:Z) PT at $56.20

Zillow Group, Inc. (NASDAQ:Z) has been assigned an average recommendation of “Hold” from the five ratings firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $56.20.

A number of research analysts have recently weighed in on the company. Wedbush cut their price objective on Zillow Group from $60.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Thursday, May 2nd. Finally, JPMorgan Chase & Co. cut their target price on Zillow Group from $65.00 to $61.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd.

Zillow Group Stock Performance

Shares of Z stock opened at $50.41 on Friday. The company’s fifty day moving average price is $45.50 and its 200-day moving average price is $49.03. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.32 and a current ratio of 3.32. Zillow Group has a 12 month low of $33.80 and a 12 month high of $61.13.

Zillow Group (NASDAQ:Z) last released its quarterly earnings data on Wednesday, May 1st. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.42). Zillow Group had a negative net margin of 7.93% and a negative return on equity of 2.28%. The business had revenue of $529.00 million during the quarter, compared to the consensus estimate of $509.30 million. During the same period last year, the company posted ($0.06) earnings per share. Equities analysts expect that Zillow Group will post -0.4 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Susan Daimler sold 5,786 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $44.22, for a total value of $255,856.92. Following the completion of the sale, the insider now directly owns 35,572 shares in the company, valued at $1,572,993.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Jennifer Rock sold 2,640 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $44.17, for a total transaction of $116,608.80. Following the completion of the sale, the chief accounting officer now directly owns 83,744 shares of the company’s stock, valued at approximately $3,698,972.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Susan Daimler sold 5,786 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $44.22, for a total transaction of $255,856.92. Following the completion of the sale, the insider now directly owns 35,572 shares in the company, valued at $1,572,993.84. The disclosure for this sale can be found here. Insiders have sold a total of 60,041 shares of company stock valued at $2,637,477 in the last 90 days. 23.76% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of Z. Wedmont Private Capital boosted its holdings in Zillow Group by 2.4% in the fourth quarter. Wedmont Private Capital now owns 24,452 shares of the financial services provider’s stock valued at $1,361,000 after purchasing an additional 569 shares in the last quarter. Gateway Investment Advisers LLC grew its position in shares of Zillow Group by 3.0% in the 4th quarter. Gateway Investment Advisers LLC now owns 17,006 shares of the financial services provider’s stock valued at $984,000 after buying an additional 493 shares during the last quarter. Handelsinvest Investeringsforvaltning acquired a new stake in Zillow Group during the 4th quarter worth $546,000. Consilio Wealth Advisors LLC purchased a new stake in Zillow Group in the fourth quarter valued at $261,000. Finally, TB Alternative Assets Ltd. boosted its stake in Zillow Group by 51.7% in the fourth quarter. TB Alternative Assets Ltd. now owns 600,000 shares of the financial services provider’s stock valued at $34,716,000 after acquiring an additional 204,600 shares in the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

Zillow Group Company Profile

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.