Morgan Stanley set a $55.00 target price on Zillow Group (NASDAQ:Z) in a research note issued to investors on Tuesday. The firm currently has an overweight rating on the financial services provider’s stock.
Other equities analysts also recently issued reports about the company. Cowen restated a hold rating on shares of Zillow Group in a report on Friday, February 9th. BidaskClub upgraded Zillow Group from a sell rating to a hold rating in a report on Tuesday, January 16th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Zillow Group currently has a consensus rating of Buy and an average target price of $50.79.
Zillow Group (Z) opened at $57.24 on Tuesday. Zillow Group has a 12-month low of $32.56 and a 12-month high of $57.92. The firm has a market capitalization of $7,270.00 and a PE ratio of -112.24. The company has a debt-to-equity ratio of 0.14, a quick ratio of 7.11 and a current ratio of 7.11.
In related news, CEO Spencer M. Rascoff sold 58,050 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $41.51, for a total transaction of $2,409,655.50. Following the sale, the chief executive officer now directly owns 70,050 shares in the company, valued at approximately $2,907,775.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Greg M. Schwartz sold 3,750 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $40.51, for a total value of $151,912.50. Following the sale, the insider now owns 3,750 shares in the company, valued at $151,912.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 327,586 shares of company stock worth $14,415,985. Company insiders own 21.72% of the company’s stock.
Several large investors have recently made changes to their positions in Z. Schwab Charles Investment Management Inc. grew its stake in Zillow Group by 6.3% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 328,974 shares of the financial services provider’s stock valued at $13,229,000 after purchasing an additional 19,561 shares in the last quarter. Swiss National Bank grew its stake in Zillow Group by 1.8% during the 4th quarter. Swiss National Bank now owns 390,534 shares of the financial services provider’s stock valued at $15,981,000 after purchasing an additional 6,800 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Zillow Group by 11.9% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 34,393 shares of the financial services provider’s stock valued at $1,383,000 after purchasing an additional 3,651 shares in the last quarter. Legal & General Group Plc grew its stake in Zillow Group by 5.3% during the 3rd quarter. Legal & General Group Plc now owns 119,396 shares of the financial services provider’s stock valued at $4,801,000 after purchasing an additional 6,062 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in Zillow Group by 8.6% during the 4th quarter. Bank of Montreal Can now owns 64,438 shares of the financial services provider’s stock valued at $2,637,000 after purchasing an additional 5,111 shares in the last quarter. Institutional investors and hedge funds own 58.57% of the company’s stock.
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About Zillow Group
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.
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