Zillow Group, Inc. (NASDAQ:Z) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Zillow Group, Inc. (NASDAQ:Z) have received an average recommendation of “Moderate Buy” from the twelve research firms that are covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $72.83.

A number of research analysts recently commented on Z shares. Jefferies Financial Group increased their target price on shares of Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research note on Thursday, November 7th. Baird R W upgraded shares of Zillow Group to a “hold” rating in a research report on Friday, January 31st. Bank of America lifted their price objective on Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Finally, KeyCorp upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday.

Insider Buying and Selling

In related news, CAO Jennifer Rock sold 3,187 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $74.00, for a total transaction of $235,838.00. Following the sale, the chief accounting officer now directly owns 69,649 shares in the company, valued at $5,154,026. This trade represents a 4.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Bradley D. Owens sold 1,212 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total value of $89,663.76. Following the completion of the sale, the general counsel now directly owns 31,739 shares of the company’s stock, valued at approximately $2,348,051.22. The trade was a 3.68 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 164,689 shares of company stock valued at $12,520,379. Corporate insiders own 23.76% of the company’s stock.

Institutional Trading of Zillow Group

A number of institutional investors and hedge funds have recently made changes to their positions in Z. abrdn plc raised its position in Zillow Group by 98.0% during the 3rd quarter. abrdn plc now owns 48,990 shares of the financial services provider’s stock worth $3,128,000 after purchasing an additional 24,247 shares during the last quarter. IVY Lane Capital Management LLC raised its position in Zillow Group by 35.0% in the 3rd quarter. IVY Lane Capital Management LLC now owns 135,000 shares of the financial services provider’s stock valued at $8,620,000 after buying an additional 35,000 shares during the last quarter. Donoghue Forlines LLC purchased a new stake in shares of Zillow Group during the fourth quarter valued at approximately $1,932,000. Thrivent Financial for Lutherans purchased a new stake in shares of Zillow Group during the 3rd quarter worth approximately $6,267,000. Finally, Friedenthal Financial purchased a new position in Zillow Group in the 4th quarter valued at approximately $754,000. Institutional investors own 71.01% of the company’s stock.

Zillow Group Price Performance

Shares of NASDAQ Z opened at $85.90 on Thursday. The stock’s 50-day moving average is $78.60 and its two-hundred day moving average is $66.88. The company has a market cap of $20.06 billion, a price-to-earnings ratio of -150.70, a price-to-earnings-growth ratio of 11.41 and a beta of 2.03. Zillow Group has a 1-year low of $38.45 and a 1-year high of $86.88. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13.

Zillow Group Company Profile

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.