Zillow Group, Inc. (NASDAQ:Z) Receives $91.14 Consensus PT from Analysts

Zillow Group, Inc. (NASDAQ:Z) has earned a consensus rating of “Moderate Buy” from the sixteen ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, four have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $91.1429.

Z has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods dropped their price objective on shares of Zillow Group from $85.00 to $80.00 and set a “market perform” rating on the stock in a report on Monday, November 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Zillow Group in a research note on Wednesday, October 8th. Sanford C. Bernstein raised Zillow Group from a “market perform” rating to an “outperform” rating and set a $105.00 price objective for the company in a research report on Wednesday, September 17th. Gordon Haskett upgraded Zillow Group to a “strong-buy” rating in a report on Friday, October 3rd. Finally, Oppenheimer assumed coverage on Zillow Group in a research report on Monday, October 6th. They issued a “market perform” rating on the stock.

Zillow Group Price Performance

NASDAQ:Z opened at $68.73 on Friday. The business’s 50-day simple moving average is $72.73 and its 200-day simple moving average is $76.50. Zillow Group has a fifty-two week low of $57.51 and a fifty-two week high of $93.88. The stock has a market capitalization of $16.64 billion, a PE ratio of -490.89, a price-to-earnings-growth ratio of 27.00 and a beta of 2.10.

Zillow Group (NASDAQ:Z) last announced its earnings results on Thursday, October 30th. The financial services provider reported $0.44 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 company had revenue of $729.00 million for the quarter, compared to analyst estimates of $670.28 million. On average, research analysts expect that Zillow Group will post 0.32 earnings per share for the current year.

Insider Buying and Selling

In other Zillow Group news, General Counsel Bradley D. Owens sold 2,722 shares of the business’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $67.41, for a total transaction of $183,490.02. Following the sale, the general counsel directly owned 37,974 shares of the company’s stock, valued at $2,559,827.34. The trade was a 6.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Jeremy Hofmann sold 7,865 shares of the stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $69.53, for a total transaction of $546,853.45. Following the transaction, the chief financial officer owned 70,811 shares of the company’s stock, valued at approximately $4,923,488.83. This represents a 10.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 67,511 shares of company stock valued at $4,766,357 over the last ninety days. Insiders own 23.76% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of Z. Vanguard Group Inc. raised its holdings in shares of Zillow Group by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 23,073,862 shares of the financial services provider’s stock valued at $1,777,841,000 after purchasing an additional 71,336 shares during the period. Independent Franchise Partners LLP increased its position in Zillow Group by 2.5% during the first 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 raised its stake in Zillow Group by 7.8% in the third quarter. Capital World Investors now owns 10,635,008 shares of the financial services provider’s stock valued at $819,427,000 after buying an additional 769,944 shares during the period. Ninety One UK Ltd lifted its position in shares of 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 stake in shares of Zillow Group by 63.6% during the 2nd quarter. Eminence Capital LP now owns 3,978,731 shares of the financial services provider’s stock worth $278,710,000 after acquiring an additional 1,546,577 shares during the period. Institutional investors own 71.01% of the company’s stock.

Zillow Group Company Profile

Zillow Group, Inc is an online real estate marketplace company that operates a portfolio of consumer-facing websites and mobile apps designed to connect buyers, sellers, renters, homeowners and real estate professionals. The company’s platforms aggregate property listings, rental listings, and related information to help users search for homes, estimate property values and connect with agents and service providers. Zillow generates revenue primarily through advertising and lead-generation services for real estate professionals, property managers and mortgage lenders.

Key products and services include the Zillow and Trulia consumer websites and apps, which provide searchable listings, photos, neighborhood data and the company’s automated home valuation tool known as the “Zestimate.” Zillow also offers a rentals marketplace, a mortgage marketplace and tools for home buying and selling such as Zillow Premier Agent for agent advertising and leads, as well as ancillary services designed to support transactions, including closing and title-related offerings.