Zillow Group Inc Class C (NASDAQ:Z) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

Several other brokerages also recently commented on Z. BidaskClub raised Zillow Group Inc Class C from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 2nd. Bank of America downgraded Zillow Group Inc Class C from a “buy” rating to a “neutral” rating in a report on Tuesday, August 7th. KeyCorp reduced their target price on Zillow Group Inc Class C from $63.00 to $56.00 and set an “overweight” rating on the stock in a report on Tuesday, August 7th. Finally, Morgan Stanley boosted their target price on Zillow Group Inc Class C from $50.00 to $54.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 11th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Zillow Group Inc Class C presently has an average rating of “Buy” and an average target price of $56.11.

Z stock opened at $47.69 on Tuesday. Zillow Group Inc Class C has a 1-year low of $37.68 and a 1-year high of $65.70. The company has a market capitalization of $9.84 billion, a PE ratio of 2,432.50 and a beta of 0.43. The company has a debt-to-equity ratio of 0.14, a quick ratio of 8.13 and a current ratio of 8.18.

Zillow Group Inc Class C (NASDAQ:Z) last released its quarterly earnings data on Monday, August 6th. The financial services provider reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.05. Zillow Group Inc Class C had a positive return on equity of 0.23% and a negative net margin of 7.54%. The company had revenue of $325.25 million for the quarter.

In other news, Vice Chairman Lloyd D. Frink sold 13,600 shares of the stock in a transaction on Thursday, June 14th. The stock was sold at an average price of $64.60, for a total value of $878,560.00. Following the transaction, the insider now owns 3,608,092 shares of the company’s stock, valued at approximately $233,082,743.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Kathleen Philips sold 113,724 shares of the stock in a transaction on Monday, June 11th. The shares were sold at an average price of $62.63, for a total value of $7,122,534.12. Following the completion of the transaction, the insider now directly owns 29,673 shares in the company, valued at approximately $1,858,419.99. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 426,818 shares of company stock worth $25,448,462. Company insiders own 58.08% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Korea Investment CORP bought a new stake in shares of Zillow Group Inc Class C in the 2nd quarter valued at $124,000. Flagship Harbor Advisors LLC bought a new stake in shares of Zillow Group Inc Class C in the 2nd quarter valued at $184,000. Royal Bank of Canada increased its position in shares of Zillow Group Inc Class C by 125.9% in the 1st quarter. Royal Bank of Canada now owns 3,381 shares of the financial services provider’s stock valued at $182,000 after buying an additional 16,423 shares in the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of Zillow Group Inc Class C in the 2nd quarter valued at $210,000. Finally, World Asset Management Inc bought a new stake in shares of Zillow Group Inc Class C in the 2nd quarter valued at $218,000. 59.94% of the stock is currently owned by institutional investors.

About Zillow Group Inc Class C

Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable consumers find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

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Analyst Recommendations for Zillow Group Inc Class C (NASDAQ:Z)

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