Zillow Group (NASDAQ:Z) Upgraded at Wedbush

Wedbush upgraded shares of Zillow Group (NASDAQ:Z) from a neutral rating to an outperform rating in a research note released on Monday, Marketbeat.com reports. Wedbush currently has $80.00 price target on the financial services provider’s stock, up from their prior price target of $50.00.

Several other equities analysts also recently weighed in on the stock. Craig Hallum upgraded shares of Zillow Group to a strong-buy rating in a research note on Thursday, August 8th. Cantor Fitzgerald raised shares of Zillow Group to a hold rating in a research note on Thursday, September 5th. UBS Group raised shares of Zillow Group to a strong-buy rating in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Zillow Group from $55.00 to $60.00 and gave the company a buy rating in a research note on Friday, August 9th. Finally, Needham & Company LLC reaffirmed a hold rating on shares of Zillow Group in a research note on Thursday, August 8th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $63.20.

Zillow Group Stock Performance

Shares of Z stock opened at $65.11 on Monday. The firm has a market cap of $15.07 billion, a price-to-earnings ratio of -94.36 and a beta of 1.94. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.12 and a current ratio of 2.12. Zillow Group has a 52 week low of $33.80 and a 52 week high of $67.60. The firm’s 50-day simple moving average is $52.77 and its two-hundred day simple moving average is $48.37.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings data on Wednesday, August 7th. The financial services provider reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.13. The business had revenue of $572.00 million for the quarter, compared to analyst estimates of $539.74 million. Zillow Group had a negative net margin of 6.81% and a negative return on equity of 2.50%. As a group, equities analysts forecast that Zillow Group will post -0.33 earnings per share for the current year.

Insider Activity at Zillow Group

In related news, Director Thielke Claire Cormier sold 2,826 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $61.11, for a total transaction of $172,696.86. Following the completion of the sale, the director now directly owns 2,826 shares in the company, valued at approximately $172,696.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Zillow Group news, Director Thielke Claire Cormier sold 2,826 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $61.11, for a total transaction of $172,696.86. Following the transaction, the director now directly owns 2,826 shares of the company’s stock, valued at approximately $172,696.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Jeremy Hofmann sold 7,155 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $56.89, for a total transaction of $407,047.95. Following the transaction, the chief financial officer now directly owns 111,239 shares in the company, valued at $6,328,386.71. The disclosure for this sale can be found here. Insiders sold 201,374 shares of company stock worth $10,393,745 in the last three months. 23.76% of the stock is owned by insiders.

Institutional Trading of Zillow Group

A number of hedge funds and other institutional investors have recently modified their holdings of Z. Concord Wealth Partners purchased a new stake in Zillow Group during the 1st quarter valued at about $26,000. Larson Financial Group LLC grew its position in Zillow Group by 364.4% during the 2nd quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 481 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in Zillow Group during the 1st quarter valued at about $37,000. Principal Securities Inc. purchased a new stake in Zillow Group during the 4th quarter valued at about $53,000. Finally, Mather Group LLC. purchased a new stake in Zillow Group during the 1st quarter valued at about $62,000. 71.01% of the stock is owned by hedge funds and other institutional investors.

Zillow Group Company Profile

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.