BidaskClub lowered shares of Zillow Group (NASDAQ:Z) from a hold rating to a sell rating in a research report report published on Wednesday, November 15th.
Several other equities research analysts have also issued reports on the company. Canaccord Genuity lifted their price target on Zillow Group from $52.00 to $53.00 and gave the company a buy rating in a report on Wednesday, November 8th. Benchmark restated a buy rating and issued a $55.00 target price on shares of Zillow Group in a report on Thursday, October 5th. Finally, Deutsche Bank boosted their target price on Zillow Group to $50.00 and gave the stock a neutral rating in a report on Monday, August 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $47.44.
Shares of Zillow Group (NASDAQ:Z) traded down $0.82 during trading on Wednesday, hitting $39.99. The stock had a trading volume of 662,020 shares, compared to its average volume of 1,350,325. The company has a debt-to-equity ratio of 0.14, a current ratio of 6.44 and a quick ratio of 6.44. Zillow Group has a fifty-two week low of $32.56 and a fifty-two week high of $51.23.
In other news, insider Errol G. Samuelson sold 6,221 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $39.65, for a total transaction of $246,662.65. Following the sale, the insider now directly owns 32,658 shares in the company, valued at $1,294,889.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Errol G. Samuelson sold 29,200 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $41.09, for a total value of $1,199,828.00. Following the sale, the insider now owns 64,043 shares in the company, valued at $2,631,526.87. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 536,094 shares of company stock valued at $21,565,055. Corporate insiders own 21.72% of the company’s stock.
Large investors have recently made changes to their positions in the business. Caledonia Private Investments Pty Ltd boosted its stake in Zillow Group by 4.6% in the third quarter. Caledonia Private Investments Pty Ltd now owns 27,970,511 shares of the financial services provider’s stock worth $1,124,694,000 after purchasing an additional 1,229,407 shares in the last quarter. Vanguard Group Inc. boosted its stake in Zillow Group by 2.2% in the second quarter. Vanguard Group Inc. now owns 8,449,585 shares of the financial services provider’s stock worth $414,114,000 after purchasing an additional 179,802 shares in the last quarter. BlackRock Inc. boosted its stake in Zillow Group by 1,820.7% in the first quarter. BlackRock Inc. now owns 5,473,739 shares of the financial services provider’s stock worth $184,301,000 after purchasing an additional 5,188,752 shares in the last quarter. Baillie Gifford & Co. boosted its stake in Zillow Group by 1.1% in the third quarter. Baillie Gifford & Co. now owns 3,977,907 shares of the financial services provider’s stock worth $159,951,000 after purchasing an additional 44,418 shares in the last quarter. Finally, Tybourne Capital Management HK Ltd. boosted its stake in Zillow Group by 53.5% in the second quarter. Tybourne Capital Management HK Ltd. now owns 3,575,189 shares of the financial services provider’s stock worth $175,220,000 after purchasing an additional 1,246,189 shares in the last quarter. Hedge funds and other institutional investors own 58.05% of the company’s stock.
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Zillow Group Company Profile
Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable people find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.
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