Zillow Group, Inc. (Z) – What Are Investment Firms Thinking About This Stock?

Shares of Zillow Group, Inc. (NASDAQ:Z) have been assigned an average recommendation of “Hold” from the fifteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $57.71.

A number of equities analysts have recently weighed in on Z shares. Sanford C. Bernstein lowered Zillow Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Zacks Research downgraded Zillow Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research note on Friday. JPMorgan Chase & Co. decreased their price objective on Zillow Group from $76.00 to $62.00 and set an “overweight” rating on the stock in a report on Tuesday, August 11th. Finally, Jefferies Financial Group decreased their price objective on Zillow Group from $75.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, July 14th.

Zillow Group Stock Down 2.0%

Zillow Group stock opened at $30.82 on Friday. The stock has a market cap of $6.93 billion, a P/E ratio of 140.10, a P/E/G ratio of 1.39 and a beta of 2.04. Zillow Group has a twelve month low of $26.67 and a twelve month high of $79.40. The company’s 50-day moving average price is $31.82 and its two-hundred day moving average price is $34.99.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.07. Zillow Group had a net margin of 1.96% and a return on equity of 2.32%. The firm had revenue of $772.00 million during the quarter, compared to the consensus estimate of $758.10 million. Equities analysts anticipate that Zillow Group will post 0.88 earnings per share for the current fiscal year.

Insider Activity at Zillow Group

In other news, insider Dan Spaulding sold 3,169 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $35.37, for a total value of $112,087.53. Following the completion of the sale, the insider owned 44,561 shares of the company’s stock, valued at approximately $1,576,122.57. The trade was a 6.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Erik Blachford sold 792 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $35.71, for a total transaction of $28,282.32. Following the completion of the transaction, the director owned 34,160 shares in the company, valued at $1,219,853.60. This trade represents a 2.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 38,539 shares of company stock valued at $1,323,800. 25.03% of the stock is currently owned by insiders.

Institutional Trading of Zillow Group

Institutional investors have recently bought and sold shares of the business. Tiger Global Management LLC grew its position in shares of Zillow Group by 21.7% during the 1st quarter. Tiger Global Management LLC now owns 7,368,957 shares of the financial services provider’s stock worth $304,927,000 after purchasing an additional 1,312,000 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Zillow Group by 21.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,896,206 shares of the financial services provider’s stock valued at $78,461,000 after buying an additional 338,803 shares in the last quarter. Quantinno Capital Management LP raised its position in shares of Zillow Group by 455.6% in the first quarter. Quantinno Capital Management LP now owns 641,618 shares of the financial services provider’s stock valued at $26,550,000 after buying an additional 526,142 shares in the last quarter. Swiss National Bank raised its position in shares of Zillow Group by 7.2% in the first quarter. Swiss National Bank now owns 491,834 shares of the financial services provider’s stock valued at $20,352,000 after buying an additional 33,200 shares in the last quarter. Finally, Hsbc Holdings PLC raised its position in shares of Zillow Group by 199.9% in the first quarter. Hsbc Holdings PLC now owns 439,222 shares of the financial services provider’s stock valued at $18,182,000 after buying an additional 292,760 shares in the last quarter. Institutional investors own 71.01% of the company’s stock.

Zillow Group Company Profile

Zillow Group, Inc is a technology company that operates digital real estate marketplaces and related services in the United States. Its platforms help consumers search for homes to buy or rent, research neighborhoods and property values, connect with real estate professionals, and manage aspects of the transaction process.

The company’s portfolio includes Zillow, Trulia, StreetEasy and HotPads, along with services such as Zillow Premier Agent, Zillow Rentals, ShowingTime+ and Zillow Home Loans.