Brokerages Set Zillow Group, Inc. (NASDAQ:Z) Price Target at $56.20

Shares of Zillow Group, Inc. (NASDAQ:Z) have been given an average recommendation of “Hold” by the six ratings firms that are currently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $56.20.

A number of equities research analysts have recently weighed in on Z shares. Jefferies Financial Group boosted their target price on Zillow Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Wedbush dropped their target price on Zillow Group from $60.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. JPMorgan Chase & Co. dropped their target price on Zillow Group from $65.00 to $61.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Finally, Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research report on Thursday, May 2nd.

Insider Buying and Selling

In related news, General Counsel Bradley D. Owens sold 1,373 shares of Zillow Group stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $44.15, for a total transaction of $60,617.95. Following the completion of the sale, the general counsel now directly owns 40,194 shares of the company’s stock, valued at $1,774,565.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Zillow Group news, General Counsel Bradley D. Owens sold 1,373 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $44.15, for a total value of $60,617.95. Following the completion of the transaction, the general counsel now directly owns 40,194 shares of the company’s stock, valued at $1,774,565.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Susan Daimler sold 5,907 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $47.74, for a total value of $282,000.18. Following the completion of the transaction, the insider now directly owns 29,665 shares of the company’s stock, valued at $1,416,207.10. The disclosure for this sale can be found here. Insiders sold a total of 64,260 shares of company stock valued at $2,846,739 over the last three months. Company insiders own 23.76% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC lifted its holdings in shares of Zillow Group by 203.1% in the third quarter. FMR LLC now owns 3,450,713 shares of the financial services provider’s stock valued at $159,285,000 after purchasing an additional 2,312,241 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Zillow Group by 7,507.1% during the first quarter. Assenagon Asset Management S.A. now owns 1,133,685 shares of the financial services provider’s stock worth $55,301,000 after acquiring an additional 1,118,782 shares in the last quarter. Natixis bought a new stake in Zillow Group during the first quarter worth about $41,129,000. Greencape Capital Pty Ltd raised its holdings in Zillow Group by 93.0% during the first quarter. Greencape Capital Pty Ltd now owns 1,632,790 shares of the financial services provider’s stock worth $79,647,000 after acquiring an additional 786,600 shares in the last quarter. Finally, Norges Bank bought a new stake in Zillow Group during the fourth quarter worth about $34,718,000. 71.01% of the stock is owned by institutional investors and hedge funds.

Zillow Group Trading Up 0.2 %

Shares of Z opened at $48.91 on Wednesday. The stock has a fifty day moving average price of $43.23 and a two-hundred day moving average price of $49.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.32 and a current ratio of 3.32. Zillow Group has a 52-week low of $33.80 and a 52-week high of $61.13. The company has a market cap of $11.55 billion, a price-to-earnings ratio of -70.88 and a beta of 1.95.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings data on Wednesday, May 1st. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.42). Zillow Group had a negative net margin of 7.93% and a negative return on equity of 2.28%. The business had revenue of $529.00 million during the quarter, compared to the consensus estimate of $509.30 million. During the same quarter in the previous year, the firm posted ($0.06) EPS. Analysts predict that Zillow Group will post -0.4 EPS for the current fiscal 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.