Zillow Group (Z) Upgraded to “Hold” at BidaskClub

BidaskClub upgraded shares of Zillow Group (NASDAQ:Z) from a sell rating to a hold rating in a report published on Tuesday morning.

A number of other research analysts have also recently commented on Z. Benchmark reiterated a buy rating and set a $55.00 price target on shares of Zillow Group in a research report on Thursday, October 5th. Morgan Stanley upgraded shares of Zillow Group from an equal weight rating to an overweight rating and set a $50.00 price target on the stock in a research report on Wednesday, January 10th. Finally, Canaccord Genuity increased their price target on shares of Zillow Group from $52.00 to $53.00 and gave the company a buy rating in a research report on Wednesday, November 8th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of Buy and an average target price of $48.81.

Zillow Group (NASDAQ:Z) traded down $0.13 during mid-day trading on Tuesday, hitting $44.40. 1,030,200 shares of the company traded hands, compared to its average volume of 915,940. The company has a debt-to-equity ratio of 0.14, a quick ratio of 6.44 and a current ratio of 6.44. The company has a market capitalization of $5,610.00 and a PE ratio of -201.82. Zillow Group has a one year low of $32.56 and a one year high of $51.23.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.05 earnings per share for the quarter. Zillow Group had a negative net margin of 3.99% and a negative return on equity of 0.25%.

In other Zillow Group news, CTO David A. Beitel sold 57,189 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $39.34, for a total transaction of $2,249,815.26. Following the completion of the transaction, the chief technology officer now owns 5,977 shares of the company’s stock, valued at $235,135.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Jeremy Wacksman sold 22,500 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $42.31, for a total value of $951,975.00. Following the transaction, the chief marketing officer now directly owns 20,468 shares of the company’s stock, valued at approximately $866,001.08. The disclosure for this sale can be found here. Insiders sold 678,791 shares of company stock valued at $27,500,334 in the last ninety days. 21.72% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the business. Bank of Montreal Can increased its holdings in shares of Zillow Group by 8.6% during the fourth quarter. Bank of Montreal Can now owns 64,438 shares of the financial services provider’s stock valued at $2,637,000 after acquiring an additional 5,111 shares in the last quarter. AXA increased its holdings in shares of Zillow Group by 5.0% during the third quarter. AXA now owns 180,036 shares of the financial services provider’s stock valued at $7,239,000 after acquiring an additional 8,500 shares in the last quarter. California Public Employees Retirement System increased its holdings in shares of Zillow Group by 0.6% during the third quarter. California Public Employees Retirement System now owns 220,848 shares of the financial services provider’s stock valued at $8,880,000 after acquiring an additional 1,338 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Zillow Group by 7.2% during the third quarter. Janus Henderson Group PLC now owns 640,207 shares of the financial services provider’s stock valued at $25,743,000 after acquiring an additional 43,048 shares in the last quarter. Finally, Boothbay Fund Management LLC bought a new position in shares of Zillow Group during the third quarter valued at $3,054,000. 58.00% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Zillow Group (NASDAQ:Z)

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