Zillow Group (Z) Rating Increased to Hold at BidaskClub

Zillow Group (NASDAQ:Z) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday, BidAskClub reports.

Several other research firms have also issued reports on Z. Bank of America increased their target price on shares of Zillow Group from $31.00 to $35.00 and gave the stock an “underperform” rating in a research note on Friday, May 10th. Cowen raised shares of Zillow Group from a “market perform” rating to an “outperform” rating in a research note on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. Zillow Group has a consensus rating of “Hold” and an average target price of $39.41.

NASDAQ:Z traded up $1.66 during mid-day trading on Wednesday, hitting $38.56. The company’s stock had a trading volume of 4,692,788 shares, compared to its average volume of 3,143,989. Zillow Group has a 1 year low of $26.38 and a 1 year high of $65.70. The company has a quick ratio of 3.98, a current ratio of 4.73 and a debt-to-equity ratio of 0.25.

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 the consensus estimate of ($0.19) by ($0.14). Zillow Group had a negative net margin of 11.35% and a negative return on equity of 3.18%. The business had revenue of $454.10 million during the quarter.

In related news, insider Errol G. Samuelson sold 4,711 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $35.29, for a total value of $166,251.19. Following the transaction, the insider now directly owns 89,592 shares of the company’s stock, valued at approximately $3,161,701.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Arik Prawer sold 18,546 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $42.00, for a total transaction of $778,932.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,201 shares of company stock worth $1,959,801. Corporate insiders own 19.87% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Kiwi Wealth Investments Limited Partnership raised its holdings in Zillow Group by 369.7% in the 4th quarter. Kiwi Wealth Investments Limited Partnership now owns 599,206 shares of the financial services provider’s stock valued at $18,923,000 after acquiring an additional 471,623 shares during the last quarter. HAP Trading LLC raised its holdings in Zillow Group by 153.7% in the 4th quarter. HAP Trading LLC now owns 39,480 shares of the financial services provider’s stock valued at $1,247,000 after acquiring an additional 112,980 shares during the last quarter. Baillie Gifford & Co. raised its holdings in Zillow Group by 1.3% in the 1st 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. Global Thematic Partners LLC raised its holdings in Zillow Group by 31.7% in the 4th quarter. Global Thematic Partners LLC now owns 2,073,767 shares of the financial services provider’s stock valued at $65,490,000 after acquiring an additional 499,425 shares during the last quarter. Finally, Xact Kapitalforvaltning AB raised its holdings in Zillow Group by 32.1% in the 4th quarter. Xact Kapitalforvaltning AB now owns 21,398 shares of the financial services provider’s stock valued at $676,000 after acquiring an additional 5,200 shares during the last quarter. 67.19% of the stock is currently owned by hedge funds and other 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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