Zillow Group, Inc. (NASDAQ:Z) Receives $158.80 Average PT from Analysts

Shares of Zillow Group, Inc. (NASDAQ:Z) have earned a consensus rating of “Buy” from the twelve brokerages that are presently covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $163.17.

Several research firms have weighed in on Z. Susquehanna Bancshares lifted their target price on Zillow Group from $130.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, February 11th. Jefferies Financial Group raised Zillow Group from a “hold” rating to a “buy” rating in a research report on Monday, January 11th. Citigroup raised Zillow Group from a “neutral” rating to a “buy” rating in a research report on Thursday, February 11th. Deutsche Bank Aktiengesellschaft dropped their target price on Zillow Group from $225.00 to $185.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Needham & Company LLC initiated coverage on Zillow Group in a research note on Monday. They issued a “hold” rating for the company.

Shares of Z traded down $4.63 during mid-day trading on Thursday, reaching $121.07. The company had a trading volume of 250,799 shares, compared to its average volume of 3,429,463. Zillow Group has a 52-week low of $40.81 and a 52-week high of $208.11. The company has a quick ratio of 9.73, a current ratio of 10.08 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $29.14 billion, a P/E ratio of -60.83 and a beta of 1.14. The stock has a 50 day moving average of $135.62 and a two-hundred day moving average of $132.69.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings results on Wednesday, February 10th. The financial services provider reported $0.20 EPS for the quarter. Zillow Group had a negative return on equity of 9.76% and a negative net margin of 11.54%. The firm had revenue of $788.95 million during the quarter.

In other Zillow Group news, insider Errol G. Samuelson sold 1,996 shares of the business’s stock in a transaction on Wednesday, February 17th. The stock was sold at an average price of $189.31, for a total transaction of $377,862.76. Following the sale, the insider now directly owns 27,011 shares in the company, valued at $5,113,452.41. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Jennifer Rock sold 3,538 shares of the business’s stock in a transaction on Wednesday, February 17th. The stock was sold at an average price of $193.73, for a total value of $685,416.74. Following the sale, the chief accounting officer now owns 36,685 shares in the company, valued at $7,106,985.05. The disclosure for this sale can be found here. Insiders have sold 509,714 shares of company stock worth $75,435,753 in the last ninety days. 19.87% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of Z. Berman Capital Advisors LLC lifted its position in Zillow Group by 75.7% during the fourth quarter. Berman Capital Advisors LLC now owns 253 shares of the financial services provider’s stock worth $31,000 after buying an additional 109 shares during the period. Nvwm LLC acquired a new stake in Zillow Group during the third quarter worth about $33,000. IFP Advisors Inc increased its stake in Zillow Group by 56.6% during the first quarter. IFP Advisors Inc now owns 465 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 168 shares during the last quarter. Baldwin Brothers Inc. MA increased its stake in Zillow Group by 42.3% during the first quarter. Baldwin Brothers Inc. MA now owns 498 shares of the financial services provider’s stock worth $65,000 after acquiring an additional 148 shares during the last quarter. Finally, FNY Investment Advisers LLC increased its stake in Zillow Group by 233.3% during the fourth quarter. FNY Investment Advisers LLC now owns 500 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 350 shares during the last quarter. Institutional investors and hedge funds own 76.11% of the company’s stock.

About Zillow Group

Zillow Group, Inc engages in the provision of real estate and home-related information marketplaces on mobile and the web. It operates through the following segments: Internet, Media & Technology (IMT), Homes and Mortgages segment. The IMT segment includes premier agent, rentals and new construction marketplaces, as well as dotloop, display and other advertising and business software solutions.

See Also: What are Institutional Investors?

Analyst Recommendations for Zillow Group (NASDAQ:Z)

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.