Zillow Group (NASDAQ:Z) Downgraded by BidaskClub

Zillow Group (NASDAQ:Z) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Wednesday, June 26th, BidAskClub reports.

A number of other research analysts have also recently issued reports on the stock. Cowen began coverage on shares of Kontoor Brands in a research note on Monday, April 8th. They issued a “neutral” rating and a $7.50 price objective on the stock. Bank of America reaffirmed a “hold” rating on shares of TELUS in a research note on Friday, May 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $39.41.

Z stock traded up $0.08 during trading hours on Wednesday, reaching $48.20. 1,823,215 shares of the stock were exchanged, compared to its average volume of 3,031,266. The firm’s 50-day simple moving average is $46.43. The company has a current ratio of 4.73, a quick ratio of 3.98 and a debt-to-equity ratio of 0.25. Zillow Group has a 12 month low of $26.38 and a 12 month high of $63.36.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings results on Thursday, May 9th. The financial services provider reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.14). Zillow Group had a negative return on equity of 3.18% and a negative net margin of 11.35%. The business had revenue of $454.10 million for the quarter.

In other news, CTO David A. Beitel sold 636 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $39.39, for a total transaction of $25,052.04. Following the completion of the sale, the chief technology officer now owns 39,050 shares in the company, valued at $1,538,179.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Lloyd D. Frink sold 112,952 shares of the stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $44.56, for a total value of $5,033,141.12. Following the completion of the transaction, the chairman now owns 3,362,656 shares of the company’s stock, valued at approximately $149,839,951.36. The disclosure for this sale can be found here. Insiders have sold a total of 218,900 shares of company stock worth $9,767,250 in the last ninety days. Corporate insiders own 19.87% of the company’s stock.

A number of institutional investors have recently bought and sold shares of Z. Baillie Gifford & Co. boosted its stake in shares of Zillow Group by 1.3% during the first quarter. Baillie Gifford & Co. now owns 11,435,769 shares of the financial services provider’s stock valued at $397,278,000 after acquiring an additional 152,319 shares during the last quarter. Vanguard Group Inc raised its holdings in shares of Zillow Group by 4.2% during the 3rd quarter. Vanguard Group Inc now owns 9,614,442 shares of the financial services provider’s stock valued at $425,438,000 after buying an additional 386,768 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Zillow Group by 9.5% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,405,568 shares of the financial services provider’s stock valued at $118,309,000 after purchasing an additional 294,546 shares in the last quarter. Nikko Asset Management Americas Inc. grew its stake in Zillow Group by 10.8% during the 1st quarter. Nikko Asset Management Americas Inc. now owns 2,950,342 shares of the financial services provider’s stock valued at $102,495,000 after purchasing an additional 288,730 shares in the last quarter. Finally, Zevenbergen Capital Investments LLC grew its stake in Zillow Group by 19.3% during the 1st quarter. Zevenbergen Capital Investments LLC now owns 2,336,094 shares of the financial services provider’s stock valued at $81,156,000 after purchasing an additional 378,680 shares in the last quarter. 78.23% of the stock is currently owned by institutional investors.

About Zillow Group

Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

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Analyst Recommendations for Zillow Group (NASDAQ:Z)

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