BidaskClub upgraded shares of Zillow (NASDAQ:Z) from a buy rating to a strong-buy rating in a report published on Wednesday.
A number of other brokerages have also recently issued reports on Z. KeyCorp reissued an overweight rating and issued a $65.00 target price (up previously from $54.00) on shares of Zillow in a report on Thursday, March 15th. Morgan Stanley reissued an overweight rating and issued a $55.00 target price (up previously from $50.00) on shares of Zillow in a report on Tuesday, March 13th. Bank of America raised their target price on shares of Zillow to $56.00 and gave the stock a buy rating in a report on Tuesday, May 8th. Craig Hallum cut shares of Zillow from a buy rating to a hold rating and set a $49.75 target price on the stock. in a report on Friday, April 13th. Finally, Benchmark reissued a buy rating and issued a $64.00 target price on shares of Zillow in a report on Friday, April 13th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $54.03.
Shares of Zillow opened at $54.91 on Wednesday, according to MarketBeat Ratings. Zillow has a 12-month low of $37.68 and a 12-month high of $59.99. The company has a debt-to-equity ratio of 0.14, a quick ratio of 7.11 and a current ratio of 7.64.
Zillow (NASDAQ:Z) last announced its earnings results on Thursday, February 8th. The financial services provider reported $0.09 earnings per share for the quarter. The company had revenue of $282.33 million during the quarter. Zillow had a negative return on equity of 0.40% and a negative net margin of 9.59%.
In other news, CEO Spencer M. Rascoff sold 70,000 shares of Zillow stock in a transaction that occurred on Thursday, May 10th. The stock was sold at an average price of $54.85, for a total transaction of $3,839,500.00. Following the sale, the chief executive officer now owns 59,583 shares of the company’s stock, valued at $3,268,127.55. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Greg M. Schwartz sold 60,000 shares of Zillow stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $46.18, for a total value of $2,770,800.00. Following the sale, the insider now directly owns 43,000 shares in the company, valued at approximately $1,985,740. The disclosure for this sale can be found here. Insiders sold 629,548 shares of company stock worth $32,985,606 in the last three months. 21.72% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in Z. Advisor Group Inc. increased its stake in shares of Zillow by 574.2% during the fourth quarter. Advisor Group Inc. now owns 3,708 shares of the financial services provider’s stock valued at $152,000 after acquiring an additional 3,158 shares during the period. Virtu Financial LLC acquired a new position in shares of Zillow during the fourth quarter valued at approximately $202,000. Comerica Bank acquired a new position in shares of Zillow during the first quarter valued at approximately $206,000. Aperio Group LLC acquired a new position in shares of Zillow during the first quarter valued at approximately $245,000. Finally, Toronto Dominion Bank increased its stake in shares of Zillow by 41.8% during the fourth quarter. Toronto Dominion Bank now owns 6,265 shares of the financial services provider’s stock valued at $256,000 after acquiring an additional 1,848 shares during the period. 58.73% of the stock is currently owned by institutional investors.
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.
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