Zillow Group, Inc. (NASDAQ:Z) Receives $90.60 Consensus PT from Brokerages
by Amy Steele · The Cerbat GemShares of Zillow Group, Inc. (NASDAQ:Z – Get Free Report) have earned an average rating of “Moderate Buy” from the twelve brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, three have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $90.60.
A number of analysts recently commented on Z shares. Keefe, Bruyette & Woods reduced their price objective on Zillow Group from $80.00 to $65.00 and set a “market perform” rating for the company in a research report on Monday, February 9th. Barclays raised Zillow Group from a “strong sell” rating to a “hold” rating in a report on Thursday, January 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of Zillow Group in a report on Wednesday, January 21st. Mizuho lowered Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Finally, Zelman & Associates raised Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th.
Read Our Latest Stock Analysis on Zillow Group
Zillow Group Stock Performance
Zillow Group stock opened at $45.28 on Friday. The stock has a market cap of $10.86 billion, a PE ratio of 503.17, a price-to-earnings-growth ratio of 2.17 and a beta of 2.14. Zillow Group has a one year low of $39.05 and a one year high of $93.88. The stock has a fifty day moving average of $43.70 and a 200 day moving average of $59.50.
Zillow Group (NASDAQ:Z – Get Free Report) last posted its quarterly earnings data on Tuesday, February 10th. The financial services provider reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The firm had revenue of $654.00 million for the quarter, compared to analysts’ expectations of $650.40 million. Zillow Group had a net margin of 0.89% and a return on equity of 0.56%. As a group, sell-side analysts predict that Zillow Group will post 0.82 EPS for the current fiscal year.
Insider Buying and Selling at Zillow Group
In other Zillow Group news, CFO Jeremy Hofmann sold 7,786 shares of the business’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $43.73, for a total transaction of $340,481.78. Following the completion of the sale, the chief financial officer owned 57,487 shares of the company’s stock, valued at approximately $2,513,906.51. The trade was a 11.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Dan Spaulding sold 5,361 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $43.95, for a total value of $235,615.95. Following the sale, the insider directly owned 41,080 shares of the company’s stock, valued at $1,805,466. This represents a 11.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 60,801 shares of company stock valued at $2,683,986 in the last ninety days. 25.03% of the stock is currently owned by company insiders.
Institutional Trading of Zillow Group
Several hedge funds have recently bought and sold shares of the stock. Citizens Financial Group Inc. RI bought a new position in shares of Zillow Group in the first quarter worth about $376,000. Fifth Third Bancorp boosted its stake in shares of Zillow Group by 271.0% in the first quarter. Fifth Third Bancorp now owns 4,693 shares of the financial services provider’s stock worth $194,000 after acquiring an additional 3,428 shares during the period. Carmel Capital Partners LLC boosted its stake in shares of Zillow Group by 11.8% in the first quarter. Carmel Capital Partners LLC now owns 29,006 shares of the financial services provider’s stock worth $1,200,000 after acquiring an additional 3,055 shares during the period. Hsbc Holdings PLC boosted its stake in shares of Zillow Group by 199.9% in the first quarter. Hsbc Holdings PLC now owns 439,222 shares of the financial services provider’s stock worth $18,182,000 after acquiring an additional 292,760 shares during the period. Finally, GM Advisory Group LLC bought a new position in shares of Zillow Group in the first quarter worth about $3,837,000. Institutional investors own 71.01% of the company’s stock.
Zillow Group Company Profile
Zillow Group, Inc is an online real estate marketplace company that operates a portfolio of consumer-facing websites and mobile apps designed to connect buyers, sellers, renters, homeowners and real estate professionals. The company’s platforms aggregate property listings, rental listings, and related information to help users search for homes, estimate property values and connect with agents and service providers. Zillow generates revenue primarily through advertising and lead-generation services for real estate professionals, property managers and mortgage lenders.
Key products and services include the Zillow and Trulia consumer websites and apps, which provide searchable listings, photos, neighborhood data and the company’s automated home valuation tool known as the “Zestimate.” Zillow also offers a rentals marketplace, a mortgage marketplace and tools for home buying and selling such as Zillow Premier Agent for agent advertising and leads, as well as ancillary services designed to support transactions, including closing and title-related offerings.