Zillow Group, Inc. (NASDAQ:Z) Receives $82.00 Consensus PT from Analysts

Zillow Group, Inc. (NASDAQ:Z) has earned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $82.00.

Several research analysts have weighed in on Z shares. Deutsche Bank Aktiengesellschaft boosted their price target on Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Baird R W upgraded shares of Zillow Group to a “hold” rating in a report on Friday, January 31st. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 12th. Wedbush restated an “outperform” rating and set a $100.00 price objective on shares of Zillow Group in a research note on Wednesday, February 12th. Finally, KeyCorp upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 2nd.

Insider Transactions at Zillow Group

In other Zillow Group news, insider Errol G. Samuelson sold 2,854 shares of the company’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total value of $209,312.36. Following the transaction, the insider now directly owns 142,636 shares of the company’s stock, valued at $10,460,924.24. This represents a 1.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Jun Choo sold 1,277 shares of Zillow Group stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total value of $99,248.44. Following the sale, the chief operating officer now directly owns 86,853 shares of the company’s stock, valued at $6,750,215.16. This represents a 1.45 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 98,919 shares of company stock worth $7,869,478. 23.76% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC raised its stake in Zillow Group by 179.5% in the third quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock valued at $325,337,000 after purchasing an additional 3,272,118 shares in the last quarter. Groupama Asset Managment bought a new stake in shares of Zillow Group during the 3rd quarter worth approximately $83,005,000. Caxton Associates LP acquired a new stake in shares of Zillow Group during the 4th quarter worth approximately $51,835,000. Castle Hook Partners LP bought a new position in Zillow Group in the fourth quarter valued at approximately $49,887,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Zillow Group during the third quarter valued at approximately $38,310,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Zillow Group Trading Down 1.6 %

Zillow Group stock opened at $70.35 on Friday. Zillow Group has a 1-year low of $38.45 and a 1-year high of $89.39. The company has a fifty day simple moving average of $77.47 and a 200 day simple moving average of $72.86. The company has a market cap of $17.06 billion, a P/E ratio of -149.68, a price-to-earnings-growth ratio of 9.24 and a beta of 2.27.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. On average, equities research analysts forecast that Zillow Group will post 0.32 EPS for the current year.

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.