Zillow Group (NASDAQ:Z) Downgraded to “Buy” at BidaskClub

BidaskClub lowered shares of Zillow Group (NASDAQ:Z) from a strong-buy rating to a buy rating in a research report sent to investors on Tuesday morning, BidAskClub reports.

Several other research analysts have also recently issued reports on Z. Standpoint Research cut Zillow Group from a buy rating to a hold rating in a research report on Tuesday, July 16th. ValuEngine raised Zillow Group from a hold rating to a buy rating in a research report on Thursday, August 1st. KeyCorp dropped their target price on Zillow Group from $66.00 to $65.00 and set an overweight rating on the stock in a research report on Thursday, August 8th. Morgan Stanley dropped their target price on Zillow Group from $39.00 to $37.00 and set an equal weight rating on the stock in a research report on Thursday, August 8th. Finally, Bank of America raised their target price on Zillow Group from $31.00 to $35.00 and gave the stock an underperform rating in a research report on Friday, May 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $41.26.

Shares of NASDAQ:Z opened at $35.94 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.67 and a quick ratio of 3.98. The stock’s 50-day simple moving average is $46.65 and its two-hundred day simple moving average is $40.79. Zillow Group has a 52-week low of $26.38 and a 52-week high of $51.47.



Zillow Group (NASDAQ:Z) last announced its earnings results on Wednesday, August 7th. The financial services provider reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.21). The firm had revenue of $599.58 million during the quarter. Zillow Group had a negative return on equity of 5.12% and a negative net margin of 13.49%.

In other news, insider Jeremy Wacksman sold 1,855 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $40.93, for a total value of $75,925.15. Following the transaction, the insider now owns 39,075 shares of the company’s stock, valued at $1,599,339.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jennifer Rock sold 1,972 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $40.30, for a total value of $79,471.60. Following the completion of the transaction, the chief accounting officer now directly owns 35,748 shares in the company, valued at approximately $1,440,644.40. The disclosure for this sale can be found here. Insiders sold 227,779 shares of company stock worth $10,220,533 in the last ninety days. Corporate insiders own 19.87% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Baillie Gifford & Co. raised its stake in Zillow Group by 1.3% during the 1st quarter. Baillie Gifford & Co. now owns 11,435,769 shares of the financial services provider’s stock valued at $397,278,000 after purchasing an additional 152,319 shares during the period. Zevenbergen Capital Investments LLC raised its stake in Zillow Group by 19.3% during the 1st quarter. Zevenbergen Capital Investments LLC now owns 2,336,094 shares of the financial services provider’s stock valued at $81,156,000 after purchasing an additional 378,680 shares during the period. IFM Investors Pty Ltd raised its stake in Zillow Group by 59.3% during the 2nd quarter. IFM Investors Pty Ltd now owns 10,822 shares of the financial services provider’s stock valued at $502,000 after purchasing an additional 4,030 shares during the period. Stevens Capital Management LP bought a new stake in Zillow Group during the 1st quarter valued at approximately $358,000. Finally, Pictet Asset Management Ltd. raised its stake in Zillow Group by 118.9% during the 1st quarter. Pictet Asset Management Ltd. now owns 41,070 shares of the financial services provider’s stock valued at $1,427,000 after purchasing an additional 22,305 shares during the period. 78.43% of the stock is currently owned by hedge funds and other institutional investors.

Zillow Group Company Profile

Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate 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 (NASDAQ:Z)

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