Zillow Group (NASDAQ:Z)‘s stock had its “overweight” rating reissued by research analysts at Morgan Stanley in a note issued to investors on Tuesday, March 13th, Marketbeat reports. They presently have a $55.00 price objective on the financial services provider’s stock, up from their prior price objective of $50.00. Morgan Stanley’s price objective would suggest a potential downside of 3.81% from the company’s previous close.
A number of other research analysts have also issued reports on Z. BidaskClub lowered shares of Zillow Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. Cowen reiterated a “hold” rating on shares of Zillow Group in a report on Friday, February 9th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $52.56.
Zillow Group stock opened at $57.18 on Tuesday. Zillow Group has a fifty-two week low of $32.56 and a fifty-two week high of $59.99. The company has a current ratio of 7.11, a quick ratio of 7.11 and a debt-to-equity ratio of 0.14.
Zillow Group (NASDAQ:Z) last issued its quarterly earnings data on Thursday, February 8th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter. The business had revenue of $282.33 million during the quarter. Zillow Group had a negative net margin of 8.77% and a positive return on equity of 0.03%.
In other news, CTO David A. Beitel sold 4,666 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $47.24, for a total transaction of $220,421.84. Following the completion of the sale, the chief technology officer now owns 31,408 shares of the company’s stock, valued at approximately $1,483,713.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Errol G. Samuelson sold 6,883 shares of the firm’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $41.49, for a total transaction of $285,575.67. Following the sale, the insider now directly owns 30,365 shares of the company’s stock, valued at approximately $1,259,843.85. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 265,786 shares of company stock valued at $11,854,417. Insiders own 21.72% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Millennium Management LLC acquired a new stake in Zillow Group in the 4th quarter valued at $6,377,000. Caledonia Private Investments Pty Ltd lifted its stake in Zillow Group by 2.4% during the 4th quarter. Caledonia Private Investments Pty Ltd now owns 28,636,248 shares of the financial services provider’s stock valued at $1,171,795,000 after acquiring an additional 665,737 shares in the last quarter. Teachers Advisors LLC lifted its stake in Zillow Group by 3.6% during the 4th quarter. Teachers Advisors LLC now owns 119,786 shares of the financial services provider’s stock valued at $4,902,000 after acquiring an additional 4,183 shares in the last quarter. California State Teachers Retirement System lifted its stake in Zillow Group by 2.1% during the 4th quarter. California State Teachers Retirement System now owns 181,282 shares of the financial services provider’s stock valued at $7,418,000 after acquiring an additional 3,792 shares in the last quarter. Finally, NBW Capital LLC lifted its stake in Zillow Group by 28.7% during the 4th quarter. NBW Capital LLC now owns 82,592 shares of the financial services provider’s stock valued at $3,380,000 after acquiring an additional 18,402 shares in the last quarter. 58.57% of the stock is owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY NOTICE: “Zillow Group (NASDAQ:Z) Receives Overweight Rating from Morgan Stanley” was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The legal version of this story can be accessed at https://www.dispatchtribunal.com/2018/03/20/zillow-group-z-rating-reiterated-by-morgan-stanley.html.
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 consumers 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.
Receive News & Ratings for Zillow Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zillow Group and related companies with MarketBeat.com's FREE daily email newsletter.