Zillow Group (NASDAQ:Z) Upgraded by Barclays to Hold Rating

Barclays upgraded shares of Zillow Group (NASDAQ:Z) from a strong sell rating to a hold rating in a research report report published on Thursday,Zacks.com reports.

A number of other brokerages have also recently commented on Z. Mizuho cut Zillow Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Exane BNP Paribas upgraded Zillow Group to a “strong-buy” rating in a research note on Wednesday, January 14th. Gordon Haskett upgraded shares of Zillow Group to a “strong-buy” rating in a research note on Friday, October 3rd. Keefe, Bruyette & Woods dropped their price target on shares of Zillow Group from $85.00 to $80.00 and set a “market perform” rating for the company in a research report on Monday, November 3rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Zillow Group from $94.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Four research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $93.83.

Zillow Group Price Performance

Shares of Zillow Group stock opened at $66.16 on Thursday. Zillow Group has a 1-year low of $57.51 and a 1-year high of $93.88. The company’s fifty day simple moving average is $70.00 and its 200-day simple moving average is $75.82. The stock has a market capitalization of $16.01 billion, a PE ratio of -472.54, a P/E/G ratio of 3.83 and a beta of 2.07.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $670.28 million. As a group, research analysts anticipate that Zillow Group will post 0.32 EPS for the current year.

Insiders Place Their Bets

In other Zillow Group news, CTO David A. Beitel sold 3,893 shares of Zillow Group stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $71.12, for a total transaction of $276,870.16. Following the sale, the chief technology officer owned 140,656 shares of the company’s stock, valued at $10,003,454.72. The trade was a 2.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Dan Spaulding sold 5,455 shares of the company’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $69.40, for a total transaction of $378,577.00. Following the sale, the insider directly owned 50,342 shares of the company’s stock, valued at $3,493,734.80. The trade was a 9.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 67,511 shares of company stock valued at $4,766,357. 25.03% of the stock is owned by corporate insiders.

Institutional Trading of Zillow Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Empowered Funds LLC boosted its position in shares of Zillow Group by 4.7% during the 1st quarter. Empowered Funds LLC now owns 3,822 shares of the financial services provider’s stock valued at $262,000 after acquiring an additional 171 shares during the last quarter. Intech Investment Management LLC raised its stake in Zillow Group by 21.7% during the first quarter. Intech Investment Management LLC now owns 20,518 shares of the financial services provider’s stock worth $1,407,000 after purchasing an additional 3,653 shares during the period. Farther Finance Advisors LLC boosted its holdings in Zillow Group by 25.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 792 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 159 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Zillow Group by 46.0% in the 2nd quarter. GAMMA Investing LLC now owns 886 shares of the financial services provider’s stock valued at $62,000 after buying an additional 279 shares during the period. Finally, Truist Financial Corp increased its holdings in shares of Zillow Group by 133.7% during the 2nd quarter. Truist Financial Corp now owns 7,816 shares of the financial services provider’s stock worth $548,000 after buying an additional 4,471 shares during the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

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.