Zillow Group, Inc. (NASDAQ:Z) Receives Consensus Rating of “Moderate Buy” from Analysts

Zillow Group, Inc. (NASDAQ:Z) has been assigned a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $72.83.

A number of equities analysts have commented on the company. Bank of America raised their price objective on Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Morgan Stanley boosted their price target 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. Jefferies Financial Group increased their price objective on shares of Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th.

Insider Buying and Selling at Zillow Group

In related news, insider Dan Spaulding sold 4,565 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $86.22, for a total transaction of $393,594.30. Following the transaction, the insider now directly owns 58,217 shares of the company’s stock, valued at approximately $5,019,469.74. This represents a 7.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Bradley D. Owens sold 1,212 shares of the firm’s 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 $2,348,051.22. This trade represents a 3.68 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 139,689 shares of company stock valued at $10,395,879. 23.76% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Zillow Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. abrdn plc lifted its stake in Zillow Group by 98.0% during the 3rd quarter. abrdn plc now owns 48,990 shares of the financial services provider’s stock valued at $3,128,000 after acquiring an additional 24,247 shares in the last quarter. IVY Lane Capital Management LLC boosted its holdings in Zillow Group by 35.0% during the third quarter. IVY Lane Capital Management LLC now owns 135,000 shares of the financial services provider’s stock worth $8,620,000 after purchasing an additional 35,000 shares during the last quarter. Donoghue Forlines LLC bought a new stake in Zillow Group in the 4th quarter worth about $1,932,000. Thrivent Financial for Lutherans purchased a new stake in Zillow Group in the 3rd quarter valued at about $6,267,000. Finally, Friedenthal Financial bought a new position in shares of Zillow Group during the 4th quarter worth approximately $754,000. 71.01% of the stock is owned by institutional investors.

Zillow Group Trading Down 1.7 %

Shares of NASDAQ:Z opened at $82.70 on Thursday. Zillow Group has a 12-month low of $38.45 and a 12-month high of $86.88. The business has a 50 day moving average of $78.64 and a 200-day moving average of $65.77. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. The stock has a market cap of $19.32 billion, a PE ratio of -145.09, a P/E/G ratio of 10.72 and a beta of 2.02.

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.