Zillow Group (NASDAQ:Z) Receives “Outperform” Rating from Wedbush

Wedbush restated their outperform rating on shares of Zillow Group (NASDAQ:Z) in a research report sent to investors on Wednesday morning,Benzinga reports. Wedbush currently has a $100.00 price objective on the financial services provider’s stock.

A number of other equities research analysts have also recently weighed in on the company. Morgan Stanley lifted their price objective on Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. KeyCorp raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. Baird R W raised shares of Zillow Group to a “hold” rating in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $82.00.

Zillow Group Stock Down 9.4 %

Shares of Z stock opened at $78.21 on Wednesday. The firm’s 50-day moving average is $78.73 and its two-hundred day moving average is $68.13. Zillow Group has a 12 month low of $38.45 and a 12 month high of $89.39. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:Z) last posted its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. Equities research analysts anticipate that Zillow Group will post -0.42 EPS for the current fiscal year.

Insider Buying and Selling at Zillow Group

In other news, insider Errol G. Samuelson sold 17,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $73.57, for a total transaction of $1,250,690.00. Following the completion of the sale, the insider now owns 22,739 shares in the company, valued at $1,672,908.23. This represents a 42.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Dan Spaulding sold 4,565 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $86.22, for a total transaction of $393,594.30. Following the completion of the transaction, the insider now directly owns 58,217 shares in the company, valued at $5,019,469.74. This represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 142,730 shares of company stock worth $10,896,034. 23.76% of the stock is owned by company insiders.

Institutional Trading of Zillow Group

Institutional investors have recently modified their holdings of the business. Motley Fool Asset Management LLC acquired a new stake in shares of Zillow Group in the fourth quarter valued at about $252,000. Geode Capital Management LLC increased its holdings in Zillow Group by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 2,878,124 shares of the financial services provider’s stock valued at $212,745,000 after buying an additional 28,728 shares in the last quarter. National Bank of Canada FI acquired a new stake in shares of Zillow Group during the 4th quarter valued at approximately $55,000. O Shaughnessy Asset Management LLC boosted its stake in shares of Zillow Group by 45.6% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 8,323 shares of the financial services provider’s stock worth $616,000 after acquiring an additional 2,606 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of Zillow Group by 10.3% in the 4th quarter. California Public Employees Retirement System now owns 201,428 shares of the financial services provider’s stock worth $14,916,000 after acquiring an additional 18,798 shares during the period. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

About Zillow Group

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.