Zillow Group, Inc. (NASDAQ:Z) Given Average Rating of “Moderate Buy” by Analysts

Zillow Group, Inc. (NASDAQ:Z) has been given a consensus rating of “Moderate Buy” by the ten ratings firms that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $70.33.

Several brokerages recently issued reports on Z. Wedbush upgraded Zillow Group from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $50.00 to $80.00 in a research note on Monday, September 16th. Morgan Stanley upped their target price on Zillow Group from $46.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. 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. Jefferies Financial Group boosted their price target on shares of Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a report on Thursday, November 7th.

Zillow Group Stock Performance

NASDAQ:Z opened at $71.07 on Friday. The firm’s 50-day moving average is $76.43 and its 200-day moving average is $62.59. The company has a market cap of $16.60 billion, a price-to-earnings ratio of -124.68 and a beta of 2.02. 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 52-week low of $38.45 and a 52-week high of $86.88.

Insider Activity

In other news, General Counsel Bradley D. Owens sold 1,212 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $89,663.76. Following the completion of the sale, the general counsel now directly owns 31,739 shares in the company, valued at approximately $2,348,051.22. This trade represents a 3.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Susan Daimler sold 3,694 shares of Zillow Group stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total value of $273,282.12. Following the completion of the transaction, the insider now directly owns 18,770 shares of the company’s stock, valued at $1,388,604.60. This represents a 16.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 139,689 shares of company stock worth $10,395,879. Corporate insiders own 23.76% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC raised its position in shares of Zillow Group by 364.4% during the second quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 481 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its position in Zillow Group by 400.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 400 shares during the period. V Square Quantitative Management LLC acquired a new position in Zillow Group during the 3rd quarter valued at about $35,000. Blue Trust Inc. boosted its stake in shares of Zillow Group by 66.3% in the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 313 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of Zillow Group during the 2nd quarter worth approximately $61,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

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.