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

Zillow Group, Inc. (NASDAQ:Z) has been given a consensus recommendation of “Moderate Buy” by the ten analysts that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $70.33.

A number of brokerages have recently weighed in on Z. Cantor Fitzgerald upgraded Zillow Group to a “hold” rating in a report on Thursday, September 5th. UBS Group raised shares of Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. Bank of America lifted their price target on Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Finally, Jefferies Financial Group raised 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.

Zillow Group Trading Down 1.7 %

Shares of Zillow Group stock opened at $73.04 on Friday. The business has a fifty day simple moving average of $63.61 and a 200-day simple moving average of $53.05. Zillow Group has a fifty-two week low of $37.63 and a fifty-two week high of $76.69. The firm has a market cap of $16.90 billion, a price-to-earnings ratio of -128.14 and a beta of 1.95. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11.

Insider Transactions at Zillow Group

In other Zillow Group news, insider Susan Daimler sold 3,484 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $54.18, for a total value of $188,763.12. Following the transaction, the insider now directly owns 22,464 shares in the company, valued at $1,217,099.52. The trade was a 13.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thielke Claire Cormier sold 2,826 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $61.11, for a total value of $172,696.86. Following the completion of the transaction, the director now directly owns 2,826 shares in the company, valued at $172,696.86. The trade was a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 137,069 shares of company stock valued at $9,569,415. Corporate insiders own 23.76% of the company’s stock.

Institutional Trading of Zillow Group

A number of hedge funds and other institutional investors have recently modified their holdings of Z. Groupama Asset Managment acquired a new position in Zillow Group during the 3rd quarter valued at about $83,005,000. Nomura Asset Management Co. Ltd. raised its stake in shares of Zillow Group by 15.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 45,760 shares of the financial services provider’s stock worth $2,922,000 after buying an additional 6,000 shares during the last quarter. XTX Topco Ltd lifted its holdings in Zillow Group by 34.9% in the third quarter. XTX Topco Ltd now owns 14,083 shares of the financial services provider’s stock valued at $899,000 after buying an additional 3,647 shares during the period. Quantinno Capital Management LP boosted its stake in Zillow Group by 130.7% in the third quarter. Quantinno Capital Management LP now owns 14,245 shares of the financial services provider’s stock valued at $910,000 after acquiring an additional 8,070 shares during the last quarter. Finally, Quarry LP grew its holdings in Zillow Group by 62.4% during the 3rd quarter. Quarry LP now owns 2,131 shares of the financial services provider’s stock worth $136,000 after acquiring an additional 819 shares during the period. 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.