Zillow Group, Inc. (NASDAQ:Z) Receives $70.33 Consensus PT from Analysts

Zillow Group, Inc. (NASDAQ:Z) has received a consensus rating of “Moderate Buy” from the ten research firms that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $70.33.

Several research analysts recently commented on Z shares. Bank of America boosted 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. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. Morgan Stanley upped their price target on shares of Zillow Group from $46.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. Jefferies Financial Group raised their price objective on shares of Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and upped their target price for the company from $50.00 to $80.00 in a research note on Monday, September 16th.

Insider Activity

In other Zillow Group news, insider Susan Daimler sold 3,694 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total transaction of $273,282.12. Following the completion of the transaction, the insider now directly owns 18,770 shares of the company’s stock, valued at $1,388,604.60. The trade was a 16.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Jennifer Rock sold 3,033 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $82.78, for a total transaction of $251,071.74. Following the completion of the sale, the chief accounting officer now owns 57,166 shares in the company, valued at $4,732,201.48. The trade was a 5.04 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 139,689 shares of company stock valued at $10,395,879. Company insiders own 23.76% of the company’s stock.

Institutional Trading of Zillow Group

Several large investors have recently added to or reduced their stakes in the business. Larson Financial Group LLC boosted its holdings in shares of Zillow Group by 364.4% in the second 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 in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Zillow Group by 400.0% during the third 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 acquired a new stake in Zillow Group in the third quarter worth approximately $35,000. Blue Trust Inc. boosted its stake in 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 purchasing an additional 313 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Zillow Group during the 2nd quarter valued at $61,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Zillow Group Stock Performance

Shares of Z stock opened at $71.23 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. The company’s fifty day moving average price is $76.88 and its two-hundred day moving average price is $62.93. The firm has a market capitalization of $16.64 billion, a P/E ratio of -124.96 and a beta of 2.02. Zillow Group has a 12 month low of $38.45 and a 12 month high of $86.88.

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.