Zillow Group (NASDAQ:Z) Raised to Hold at Baird R W

Zillow Group (NASDAQ:Z) was upgraded by equities research analysts at Baird R W to a “hold” rating in a report issued on Friday,Zacks.com reports.

Other analysts also recently issued reports about the stock. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Thursday, November 7th. Jefferies Financial Group increased their target price on Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Bank of America lifted their price target on Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Finally, Morgan Stanley raised their target price on shares of Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Five analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Zillow Group has a consensus rating of “Moderate Buy” and an average price target of $72.83.

Zillow Group Price Performance

Zillow Group stock opened at $82.22 on Friday. The business has a 50-day simple moving average of $78.64 and a 200 day simple moving average of $66.11. Zillow Group has a 52 week low of $38.45 and a 52 week high of $86.88. The stock has a market cap of $19.20 billion, a price-to-earnings ratio of -144.25, a PEG ratio of 11.21 and a beta of 2.02. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11.

Insider Buying and Selling at Zillow Group

In related news, CTO David A. Beitel sold 56,750 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $72.39, for a total transaction of $4,108,132.50. Following the completion of the sale, the chief technology officer now owns 92 shares of the company’s stock, valued at $6,659.88. This trade represents a 99.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jennifer Rock sold 3,187 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $74.00, for a total value of $235,838.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 164,689 shares of company stock valued at $12,520,379. 23.76% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Zillow Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Zillow Group by 400.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 400 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of Zillow Group in the third quarter worth about $35,000. Blue Trust Inc. lifted its position in shares of Zillow Group by 66.3% during the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock valued at $50,000 after buying an additional 313 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Zillow Group during the 3rd quarter valued at approximately $74,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Zillow Group by 86.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider’s stock worth $94,000 after acquiring an additional 579 shares in the last quarter. 71.01% of the stock is owned by institutional investors.

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.