BidaskClub Upgrades Zillow Group (Z) to “Hold”

BidaskClub upgraded shares of Zillow Group (NASDAQ:Z) from a sell rating to a hold rating in a research report report published on Tuesday morning.

Z has been the topic of several other research reports. Canaccord Genuity raised their price objective on Zillow Group from $52.00 to $53.00 and gave the company a buy rating in a report on Wednesday, November 8th. Benchmark reissued a buy rating and set a $55.00 price objective on shares of Zillow Group in a report on Thursday, October 5th. Finally, Morgan Stanley raised Zillow Group from an equal weight rating to an overweight rating and set a $50.00 price objective on the stock in a report on Wednesday, January 10th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $48.81.

Shares of Zillow Group (Z) opened at $42.58 on Tuesday. Zillow Group has a twelve month low of $32.56 and a twelve month high of $51.23. The company has a debt-to-equity ratio of 0.14, a quick ratio of 6.44 and a current ratio of 6.44.

Zillow Group (NASDAQ:Z) last issued its earnings results on Tuesday, November 7th. The financial services provider reported $0.05 earnings per share for the quarter. Zillow Group had a negative return on equity of 0.25% and a negative net margin of 3.99%.

In related news, Vice Chairman Lloyd D. Frink sold 13,600 shares of the firm’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $41.04, for a total transaction of $558,144.00. Following the completion of the transaction, the insider now directly owns 4,416,408 shares of the company’s stock, valued at approximately $181,249,384.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Greg M. Schwartz sold 16,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $39.20, for a total value of $627,200.00. Following the transaction, the insider now directly owns 28,934 shares of the company’s stock, valued at $1,134,212.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 692,391 shares of company stock valued at $28,106,894. 21.72% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue bought a new position in shares of Zillow Group in the 4th quarter worth about $294,000. Schwab Charles Investment Management Inc. raised its position in shares of Zillow Group by 5.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 346,831 shares of the financial services provider’s stock worth $14,193,000 after acquiring an additional 17,857 shares in the last quarter. Gateway Investment Advisers LLC raised its position in shares of Zillow Group by 107.7% in the 4th quarter. Gateway Investment Advisers LLC now owns 75,207 shares of the financial services provider’s stock worth $3,077,000 after acquiring an additional 38,992 shares in the last quarter. Bank of Montreal Can raised its position in shares of Zillow Group by 8.6% in the 4th quarter. Bank of Montreal Can now owns 64,438 shares of the financial services provider’s stock worth $2,637,000 after acquiring an additional 5,111 shares in the last quarter. Finally, AXA raised its position in shares of Zillow Group by 5.0% in the 3rd quarter. AXA now owns 180,036 shares of the financial services provider’s stock worth $7,239,000 after acquiring an additional 8,500 shares in the last quarter. 58.00% of the stock is owned by institutional investors and hedge funds.

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Zillow Group Company Profile

Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable people find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

Analyst Recommendations for Zillow Group (NASDAQ:Z)

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