Zillow Group Inc (NASDAQ:Z) Given Consensus Rating of “Hold” by Analysts

Zillow Group Inc (NASDAQ:Z) has earned an average rating of “Hold” from the thirteen brokerages that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $40.14.

Several research firms have recently commented on Z. KeyCorp dropped their target price on shares of Zillow Group from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Standpoint Research cut shares of Zillow Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 16th. ValuEngine raised shares of Zillow Group from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Morgan Stanley dropped their target price on shares of Zillow Group from $39.00 to $37.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. Finally, TheStreet cut shares of Zillow Group from a “c-” rating to a “d+” rating in a research report on Wednesday, September 4th.

Shares of NASDAQ:Z traded down $0.86 on Friday, hitting $31.96. The company had a trading volume of 2,518,976 shares, compared to its average volume of 3,056,403. The firm’s 50-day simple moving average is $39.04 and its two-hundred day simple moving average is $40.45. Zillow Group has a 1 year low of $26.38 and a 1 year high of $51.47. The company has a current ratio of 3.67, a quick ratio of 2.76 and a debt-to-equity ratio of 0.28.



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

In related news, Chairman Lloyd D. Frink sold 112,952 shares of Zillow Group stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $44.56, for a total transaction of $5,033,141.12. Following the completion of the transaction, the chairman now directly owns 3,362,656 shares of the company’s stock, valued at approximately $149,839,951.36. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Jennifer Rock sold 1,950 shares of Zillow Group stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $35.73, for a total transaction of $69,673.50. Following the transaction, the chief accounting officer now directly owns 35,105 shares of the company’s stock, valued at $1,254,301.65. The disclosure for this sale can be found here. Over the last three months, insiders have sold 136,441 shares of company stock valued at $6,017,205. 19.87% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Technology Crossover Management IX Ltd. increased its stake in Zillow Group by 221.0% during the 2nd quarter. Technology Crossover Management IX Ltd. now owns 3,047,614 shares of the financial services provider’s stock valued at $141,379,000 after purchasing an additional 2,098,211 shares in the last quarter. SRS Investment Management LLC increased its stake in Zillow Group by 35.4% during the 2nd quarter. SRS Investment Management LLC now owns 5,960,740 shares of the financial services provider’s stock valued at $276,519,000 after purchasing an additional 1,556,872 shares in the last quarter. Artal Group S.A. increased its stake in Zillow Group by 900.0% during the 2nd quarter. Artal Group S.A. now owns 1,000,000 shares of the financial services provider’s stock valued at $46,390,000 after purchasing an additional 900,000 shares in the last quarter. Think Investments LP bought a new stake in Zillow Group during the 2nd quarter valued at about $34,601,000. Finally, Nikko Asset Management Americas Inc. increased its stake in Zillow Group by 21.4% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 3,581,222 shares of the financial services provider’s stock valued at $166,133,000 after purchasing an additional 630,880 shares in the last quarter. 69.24% of the stock is owned by 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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