Shares of Zillow Group, Inc. (NASDAQ:Z) have been assigned a consensus recommendation of “Buy” from the eight analysts that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $47.75.

A number of research analysts have weighed in on Z shares. BidaskClub lowered shares of Zillow Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $54.50 price objective (up from $46.00) on shares of Zillow Group in a research note on Friday, June 30th. Deutsche Bank AG raised their price objective on shares of Zillow Group to $50.00 and gave the company a “neutral” rating in a research note on Monday, August 7th. Benchmark Co. reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Zillow Group in a research note on Thursday. Finally, Cowen and Company reaffirmed a “hold” rating on shares of Zillow Group in a research note on Friday, July 14th.

In related news, insider Errol G. Samuelson sold 6,221 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $39.65, for a total transaction of $246,662.65. Following the transaction, the insider now directly owns 32,658 shares of the company’s stock, valued at $1,294,889.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Amy Bohutinsky sold 147,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $45.23, for a total transaction of $6,648,810.00. Following the transaction, the chief operating officer now directly owns 43,000 shares in the company, valued at $1,944,890. The disclosure for this sale can be found here. Insiders have sold 273,282 shares of company stock worth $12,100,366 over the last three months. 21.72% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in Z. BlackRock Inc. lifted its position in shares of Zillow Group by 1,820.7% during the first quarter. BlackRock Inc. now owns 5,473,739 shares of the financial services provider’s stock valued at $184,301,000 after purchasing an additional 5,188,752 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Zillow Group by 949.0% during the first quarter. Goldman Sachs Group Inc. now owns 4,302,610 shares of the financial services provider’s stock valued at $144,869,000 after purchasing an additional 3,892,431 shares in the last quarter. SRS Investment Management LLC lifted its position in shares of Zillow Group by 89.3% during the first quarter. SRS Investment Management LLC now owns 4,668,461 shares of the financial services provider’s stock valued at $157,187,000 after purchasing an additional 2,202,599 shares in the last quarter. Tybourne Capital Management HK Ltd. lifted its position in shares of Zillow Group by 53.5% during the second quarter. Tybourne Capital Management HK Ltd. now owns 3,575,189 shares of the financial services provider’s stock valued at $175,220,000 after purchasing an additional 1,246,189 shares in the last quarter. Finally, Caledonia Private Investments Pty Ltd lifted its position in shares of Zillow Group by 3.0% during the second quarter. Caledonia Private Investments Pty Ltd now owns 26,741,104 shares of the financial services provider’s stock valued at $1,306,036,000 after purchasing an additional 781,207 shares in the last quarter. 86.13% of the stock is currently owned by institutional investors.

Shares of Zillow Group (NASDAQ:Z) traded up 1.03% during midday trading on Friday, reaching $42.12. 1,124,968 shares of the company’s stock traded hands. The stock’s market cap is $7.81 billion. Zillow Group has a 12 month low of $31.22 and a 12 month high of $51.23. The stock has a 50 day moving average of $39.56 and a 200-day moving average of $41.51.

Zillow Group (NASDAQ:Z) last released its quarterly earnings data on Tuesday, August 8th. The financial services provider reported ($0.12) earnings per share for the quarter. Zillow Group had a negative net margin of 4.47% and a negative return on equity of 0.40%. The business had revenue of $266.85 million during the quarter. On average, equities research analysts forecast that Zillow Group will post $0.50 EPS for the current fiscal year.

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About Zillow Group

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 people 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.

Analyst Recommendations for Zillow Group (NASDAQ:Z)

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