Zillow Group (NASDAQ:Z – Get Free Report) had its price target hoisted by analysts at Morgan Stanley from $46.00 to $60.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s price target suggests a potential downside of 5.91% from the company’s previous close.
Z has been the topic of a number of other research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research report on Thursday, August 8th. Craig Hallum raised Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. UBS Group raised Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. Finally, Cantor Fitzgerald raised Zillow Group to a “hold” rating in a report on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $67.20.
View Our Latest Stock Analysis on Z
Zillow Group Trading Up 0.3 %
Zillow Group (NASDAQ:Z – Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The financial services provider reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.13. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. The company had revenue of $572.00 million for the quarter, compared to analysts’ expectations of $539.74 million. As a group, equities research analysts expect that Zillow Group will post -0.33 EPS for the current year.
Insider Transactions at Zillow Group
In other news, Chairman Lloyd D. Frink sold 150,000 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $50.83, for a total transaction of $7,624,500.00. Following the completion of the sale, the chairman now owns 582 shares in the company, valued at $29,583.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, General Counsel Bradley D. Owens sold 752 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $53.13, for a total value of $39,953.76. Following the completion of the sale, the general counsel now owns 35,259 shares in the company, valued at $1,873,310.67. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Lloyd D. Frink sold 150,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $50.83, for a total transaction of $7,624,500.00. Following the completion of the sale, the chairman now owns 582 shares of the company’s stock, valued at approximately $29,583.06. The disclosure for this sale can be found here. Over the last quarter, insiders sold 221,999 shares of company stock worth $11,780,363. Company insiders own 23.76% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in Z. Concord Wealth Partners purchased a new position in Zillow Group in the first quarter valued at about $26,000. Larson Financial Group LLC increased its stake in shares of Zillow Group by 364.4% during the 2nd quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 481 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of Zillow Group during the 1st quarter worth approximately $37,000. Quarry LP purchased a new position in shares of Zillow Group during the 2nd quarter worth approximately $61,000. Finally, Mather Group LLC. purchased a new position in shares of Zillow Group during the 1st quarter worth approximately $62,000. 71.01% of the stock is owned by hedge funds and other institutional investors.
About Zillow Group
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.
Read More
- Five stocks we like better than Zillow Group
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
- When Is the Best Time to Invest in Mutual Funds?
- Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
- Is NVIDIA Stock in a Correction or Consolidation?
- Where to Find Earnings Call Transcripts
- 3 Oversold Stocks with Big RSI Rebound Potential
Receive News & Ratings for Zillow Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zillow Group and related companies with MarketBeat.com's FREE daily email newsletter.