Zillow Group’s (Z) “Hold” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reiterated their hold rating on shares of Zillow Group (NASDAQ:Z) in a report released on Thursday morning,Benzinga reports.

Other equities analysts also recently issued reports about the stock. Morgan Stanley increased their price objective on shares of Zillow Group from $46.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $50.00 to $80.00 in a research note on Monday, September 16th. Craig Hallum raised Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Cantor Fitzgerald raised Zillow Group to a “hold” rating in a report on Thursday, September 5th. Finally, Bank of America boosted their target price on shares of Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Zillow Group currently has an average rating of “Moderate Buy” and an average target price of $70.33.

Zillow Group Trading Up 0.4 %

Zillow Group stock traded up $0.32 during midday trading on Thursday, reaching $72.95. The stock had a trading volume of 1,870,334 shares, compared to its average volume of 3,769,542. Zillow Group has a 52-week low of $35.44 and a 52-week high of $74.05. The company has a fifty day moving average of $61.20 and a 200 day moving average of $51.75. The firm has a market cap of $16.88 billion, a price-to-earnings ratio of -127.42 and a beta of 1.95. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:Z) last issued its earnings results on Wednesday, August 7th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.13. The firm had revenue of $572.00 million during the quarter, compared to analyst estimates of $539.74 million. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.34%. On average, analysts anticipate that Zillow Group will post -0.33 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Jeremy Wacksman sold 4,480 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $52.83, for a total value of $236,678.40. Following the completion of the sale, the chief executive officer now directly owns 174,439 shares of the company’s stock, valued at $9,215,612.37. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Zillow Group news, Director Amy Bohutinsky sold 20,625 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the sale, the director now directly owns 5,652 shares in the company, valued at approximately $379,983.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeremy Wacksman sold 4,480 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $52.83, for a total value of $236,678.40. Following the completion of the transaction, the chief executive officer now owns 174,439 shares of the company’s stock, valued at approximately $9,215,612.37. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 67,596 shares of company stock valued at $3,938,581 in the last ninety days. 23.76% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Zillow Group

A number of institutional investors and hedge funds have recently bought and sold shares of Z. Larson Financial Group LLC raised its holdings in Zillow Group by 364.4% in the 2nd quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 481 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Zillow Group by 400.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 400 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Zillow Group in the third quarter worth approximately $35,000. Blue Trust Inc. increased its holdings 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 worth $50,000 after buying an additional 313 shares during the last quarter. Finally, Quarry LP purchased a new stake in shares of Zillow Group in the second quarter worth about $61,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

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.