Zillow Group, Inc. (NASDAQ:Z) Receives Average Recommendation of “Moderate Buy” from Analysts

Zillow Group, Inc. (NASDAQ:Z) has been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $72.83.

A number of research analysts have weighed in on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research note on Thursday, November 7th. Jefferies Financial Group upped their price objective on Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Bank of America raised their target price on Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Finally, Morgan Stanley upped their price target on Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th.

Insider Activity

In other Zillow Group news, General Counsel Bradley D. Owens sold 1,212 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total value of $89,663.76. Following the completion of the transaction, the general counsel now directly owns 31,739 shares of the company’s stock, valued at $2,348,051.22. This trade represents a 3.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Jennifer Rock sold 3,033 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $82.78, for a total transaction of $251,071.74. Following the completion of the transaction, the chief accounting officer now directly owns 57,166 shares in the company, valued at approximately $4,732,201.48. The trade was a 5.04 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 139,689 shares of company stock worth $10,395,879. 23.76% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC grew its stake in shares of Zillow Group by 179.5% during the third quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock valued at $325,337,000 after buying an additional 3,272,118 shares during the last quarter. Groupama Asset Managment bought a new position in Zillow Group during the 3rd quarter worth approximately $83,005,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Zillow Group in the 3rd quarter worth approximately $38,310,000. Bridgewater Associates LP lifted its position in Zillow Group by 428.2% in the third quarter. Bridgewater Associates LP now owns 523,772 shares of the financial services provider’s stock valued at $33,443,000 after purchasing an additional 424,615 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position in Zillow Group by 8,162.8% in the third quarter. International Assets Investment Management LLC now owns 246,397 shares of the financial services provider’s stock valued at $15,732,000 after purchasing an additional 243,415 shares during the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Zillow Group Price Performance

Shares of NASDAQ:Z opened at $82.70 on Thursday. The company has a market capitalization of $19.32 billion, a P/E ratio of -145.09, a price-to-earnings-growth ratio of 10.72 and a beta of 2.02. The company’s 50-day moving average is $78.64 and its 200 day moving average is $65.77. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. Zillow Group has a fifty-two week low of $38.45 and a fifty-two week high of $86.88.

About Zillow Group

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.