Zillow Group (NASDAQ:Z) Rating Increased to Buy at BidaskClub

Zillow Group (NASDAQ:Z) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, BidAskClub reports.

Several other analysts also recently weighed in on the company. TheStreet upgraded Zillow Group from a “d+” rating to a “c-” rating in a research note on Monday, January 6th. Morgan Stanley increased their price target on Zillow Group from $40.00 to $57.00 and gave the company an “equal weight” rating in a report on Friday, February 21st. KeyCorp started coverage on Zillow Group in a report on Friday, February 28th. They set a “sector weight” rating on the stock. Finally, Benchmark lowered their price target on Zillow Group from $75.00 to $57.00 and set a “buy” rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $53.50.

Shares of NASDAQ:Z traded up $1.25 during trading on Thursday, hitting $41.14. The stock had a trading volume of 158,760 shares, compared to its average volume of 5,345,889. Zillow Group has a 12 month low of $20.04 and a 12 month high of $66.68. The company has a market capitalization of $7.71 billion, a PE ratio of -27.63 and a beta of 0.35. The firm’s fifty day moving average is $47.16 and its 200 day moving average is $40.74. The company has a quick ratio of 2.90, a current ratio of 3.81 and a debt-to-equity ratio of 0.51.

In other Zillow Group news, Chairman Lloyd D. Frink sold 4,200 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $44.28, for a total transaction of $185,976.00. Following the completion of the transaction, the chairman now owns 3,271,407 shares in the company, valued at $144,857,901.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Erik C. Blachford sold 46,300 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $52.95, for a total value of $2,451,585.00. Following the transaction, the director now owns 6,284 shares of the company’s stock, valued at approximately $332,737.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 387,492 shares of company stock valued at $23,050,789. 19.87% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in the business. Geode Capital Management LLC raised its stake in Zillow Group by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 1,413,284 shares of the financial services provider’s stock worth $64,871,000 after buying an additional 37,138 shares in the last quarter. Bamco Inc. NY raised its stake in Zillow Group by 27.0% in the fourth quarter. Bamco Inc. NY now owns 1,294,960 shares of the financial services provider’s stock worth $59,490,000 after buying an additional 275,591 shares in the last quarter. Norges Bank bought a new position in Zillow Group in the fourth quarter worth approximately $54,982,000. Vantage Investment Partners LLC raised its stake in Zillow Group by 1.6% in the fourth quarter. Vantage Investment Partners LLC now owns 870,361 shares of the financial services provider’s stock worth $39,984,000 after buying an additional 13,960 shares in the last quarter. Finally, Thornburg Investment Management Inc. grew its holdings in Zillow Group by 113.0% in the fourth quarter. Thornburg Investment Management Inc. now owns 715,842 shares of the financial services provider’s stock worth $32,886,000 after purchasing an additional 379,805 shares during the last quarter. Institutional investors and hedge funds own 77.52% of the company’s stock.

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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