Zillow Group (NASDAQ:Z) Upgraded to Hold by BidaskClub

BidaskClub upgraded shares of Zillow Group (NASDAQ:Z) from a sell rating to a hold rating in a research report released on Wednesday morning, BidAskClub reports.

Z has been the topic of a number of other research reports. TheStreet downgraded Zillow Group from a c- rating to a d+ rating in a research report on Wednesday, September 4th. KeyCorp lowered their price target 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. Standpoint Research downgraded Zillow Group from a buy rating to a hold rating in a research report on Tuesday, July 16th. ValuEngine upgraded Zillow Group from a hold rating to a buy rating in a research report on Thursday, August 1st. Finally, Morgan Stanley decreased their target price on Zillow Group from $37.00 to $32.00 and set an equal weight rating on the stock in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. Zillow Group has an average rating of Hold and an average target price of $40.55.

Shares of Z stock opened at $32.04 on Wednesday. Zillow Group has a fifty-two week low of $26.38 and a fifty-two week high of $51.47. The stock’s 50-day simple moving average is $31.02 and its 200-day simple moving average is $38.98. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.67 and a quick ratio of 2.76.

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 consensus estimate of ($0.14) by ($0.21). The company had revenue of $599.58 million for the quarter. Zillow Group had a negative return on equity of 5.12% and a negative net margin of 13.49%.

In other news, Chairman Lloyd D. Frink sold 12,500 shares of Zillow Group stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $47.43, for a total value of $592,875.00. Following the completion of the sale, the chairman now directly owns 3,288,108 shares of the company’s stock, valued at $155,954,962.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Spencer M. Rascoff sold 2,000 shares of Zillow Group stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $34.15, for a total value of $68,300.00. Following the completion of the sale, the director now directly owns 14,000 shares of the company’s stock, valued at $478,100. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,489 shares of company stock valued at $984,064. 19.87% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Coastal Investment Advisors Inc. grew its stake in shares of Zillow Group by 92.1% in the third quarter. Coastal Investment Advisors Inc. now owns 1,064 shares of the financial services provider’s stock valued at $32,000 after buying an additional 510 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in Zillow Group in the third quarter valued at $1,229,000. TB Alternative Assets Ltd. boosted its holdings in Zillow Group by 1,553.7% in the third quarter. TB Alternative Assets Ltd. now owns 110,800 shares of the financial services provider’s stock valued at $3,304,000 after purchasing an additional 104,100 shares during the period. DNB Asset Management AS boosted its holdings in Zillow Group by 3.5% in the third quarter. DNB Asset Management AS now owns 11,949 shares of the financial services provider’s stock valued at $356,000 after purchasing an additional 406 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Zillow Group by 450.0% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 127,828 shares of the financial services provider’s stock valued at $5,930,000 after purchasing an additional 104,585 shares during the period. 69.22% of the stock is owned by institutional investors and hedge funds.

About Zillow Group

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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