Brokerages Set Zillow Group, Inc. (NASDAQ:Z) PT at $91.14

Shares of Zillow Group, Inc. (NASDAQ:Z) have been given an average recommendation of “Moderate Buy” by the sixteen ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, four have issued a buy rating and three 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 $91.1429.

Several equities analysts have commented on Z shares. Mizuho raised shares of Zillow Group to a “strong-buy” rating in a research report on Monday, September 29th. Bank of America lifted their target price on Zillow Group from $81.00 to $88.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. Gordon Haskett upgraded Zillow Group to a “strong-buy” rating in a report on Friday, October 3rd. JPMorgan Chase & Co. lifted their price objective on Zillow Group from $94.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Finally, Oppenheimer started coverage on Zillow Group in a research report on Monday, October 6th. They set a “market perform” rating for the company.

Zillow Group Price Performance

Shares of Zillow Group stock opened at $72.09 on Wednesday. The stock has a market capitalization of $17.45 billion, a price-to-earnings ratio of -514.89, a price-to-earnings-growth ratio of 28.91 and a beta of 2.10. The business has a 50-day moving average of $73.52 and a 200 day moving average of $76.02. Zillow Group has a 12 month low of $57.51 and a 12 month high of $93.88.

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

Insider Activity at Zillow Group

In other news, CEO Jeremy Wacksman sold 10,855 shares of Zillow Group stock in a transaction on Friday, November 14th. The shares were sold at an average price of $69.99, for a total transaction of $759,741.45. Following the completion of the sale, the chief executive officer directly owned 134,712 shares of the company’s stock, valued at approximately $9,428,492.88. The trade was a 7.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jeremy Hofmann sold 25,000 shares of the stock in a transaction on Monday, September 8th. The shares were sold at an average price of $89.99, for a total value of $2,249,750.00. Following the completion of the transaction, the chief financial officer directly owned 84,146 shares in the company, valued at $7,572,298.54. This trade represents a 22.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 143,011 shares of company stock worth $11,631,578 over the last ninety days. 23.76% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Zillow Group

Several large investors have recently bought and sold shares of Z. Vanguard Group Inc. increased its position in shares of Zillow Group by 0.3% during the third quarter. Vanguard Group Inc. now owns 23,073,862 shares of the financial services provider’s stock worth $1,777,841,000 after purchasing an additional 71,336 shares in the last quarter. Independent Franchise Partners LLP grew its stake in Zillow Group by 2.5% during the 1st quarter. Independent Franchise Partners LLP now owns 11,153,697 shares of the financial services provider’s stock worth $764,697,000 after buying an additional 271,084 shares during the last quarter. Capital World Investors increased its position in Zillow Group by 7.8% during the third quarter. Capital World Investors now owns 10,635,008 shares of the financial services provider’s stock worth $819,427,000 after buying an additional 769,944 shares during the period. Ninety One UK Ltd lifted its stake in Zillow Group by 2.0% in the third quarter. Ninety One UK Ltd now owns 4,825,287 shares of the financial services provider’s stock valued at $371,788,000 after buying an additional 93,339 shares during the last quarter. Finally, Eminence Capital LP boosted its holdings in shares of Zillow Group by 63.6% in the second quarter. Eminence Capital LP now owns 3,978,731 shares of the financial services provider’s stock valued at $278,710,000 after acquiring an additional 1,546,577 shares during the period. Institutional investors and hedge funds own 71.01% of the company’s stock.

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.