Standpoint Research cut shares of Zillow Group (NASDAQ:Z) from a buy rating to a hold rating in a research report released on Tuesday, Briefing.com Automated Import reports.
Z has been the subject of a number of other research reports. Bank of America reissued a hold rating on shares of TELUS in a research report on Friday, May 10th. Cowen assumed coverage on Kontoor Brands in a research report on Monday, April 8th. They issued a neutral rating and a $7.50 price objective for the company. Finally, BidaskClub raised Zynerba Pharmaceuticals from a hold rating to a buy rating in a research report on Thursday, July 4th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $39.41.
Z opened at $48.20 on Tuesday. The business’s fifty day moving average price is $46.54. Zillow Group has a 52 week low of $26.38 and a 52 week high of $63.36. The company has a current ratio of 4.73, a quick ratio of 3.98 and a debt-to-equity ratio of 0.25.
Zillow Group (NASDAQ:Z) last released its quarterly earnings data on Thursday, May 9th. The financial services provider reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.14). The firm had revenue of $454.10 million for the quarter. Zillow Group had a negative return on equity of 3.18% and a negative net margin of 11.35%.
In related news, CAO Jennifer Rock sold 1,972 shares of Zillow Group stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $40.30, for a total value of $79,471.60. Following the completion of the transaction, the chief accounting officer now owns 35,748 shares in the company, valued at approximately $1,440,644.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO David A. Beitel sold 636 shares of Zillow Group stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $39.39, for a total value of $25,052.04. Following the completion of the transaction, the chief technology officer now owns 39,050 shares of the company’s stock, valued at approximately $1,538,179.50. The disclosure for this sale can be found here. In the last three months, insiders sold 218,900 shares of company stock valued at $9,767,250. Insiders own 19.87% of the company’s stock.
Several institutional investors have recently made changes to their positions in Z. Baillie Gifford & Co. increased its stake in Zillow Group by 1.3% during the 1st quarter. Baillie Gifford & Co. now owns 11,435,769 shares of the financial services provider’s stock worth $397,278,000 after buying an additional 152,319 shares in the last quarter. Zevenbergen Capital Investments LLC increased its stake in Zillow Group by 19.3% during the 1st quarter. Zevenbergen Capital Investments LLC now owns 2,336,094 shares of the financial services provider’s stock worth $81,156,000 after buying an additional 378,680 shares in the last quarter. Stevens Capital Management LP purchased a new stake in Zillow Group during the 1st quarter worth approximately $358,000. Pictet Asset Management Ltd. increased its stake in Zillow Group by 118.9% during the 1st quarter. Pictet Asset Management Ltd. now owns 41,070 shares of the financial services provider’s stock worth $1,427,000 after buying an additional 22,305 shares in the last quarter. Finally, Landsberg Bennett & Dubbaneh LLC purchased a new stake in Zillow Group during the 1st quarter worth approximately $489,000. Hedge funds and other institutional investors own 78.23% of the company’s stock.
About Zillow Group
Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.
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