Zillow Group (NASDAQ:Z) Downgraded by BidaskClub to “Buy”

BidaskClub lowered shares of Zillow Group (NASDAQ:Z) from a strong-buy rating to a buy rating in a report released on Saturday, BidAskClub reports.

A number of other analysts have also commented on Z. Morgan Stanley boosted their price objective on shares of Zillow Group from $31.00 to $46.00 and gave the stock an equal weight rating in a research report on Friday, May 8th. Benchmark cut their price objective on shares of Zillow Group from $75.00 to $57.00 and set a buy rating on the stock in a research report on Tuesday, March 24th. Needham & Company LLC raised shares of Zillow Group from a hold rating to a buy rating and set a $80.00 price target on the stock in a research report on Monday, June 8th. Finally, KeyCorp started coverage on shares of Zillow Group in a research report on Friday, February 28th. They set a sector weight rating on the stock. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $62.00.

Shares of Z stock opened at $57.61 on Friday. The company’s fifty day simple moving average is $57.04 and its 200-day simple moving average is $47.59. The company has a quick ratio of 4.15, a current ratio of 4.94 and a debt-to-equity ratio of 0.52. The firm has a market cap of $12.23 billion, a PE ratio of -29.85 and a beta of 1.07. Zillow Group has a 12 month low of $20.04 and a 12 month high of $66.68.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings data on Thursday, May 7th. The financial services provider reported ($0.44) EPS for the quarter. The business had revenue of $1.13 billion during the quarter. Zillow Group had a negative return on equity of 9.76% and a negative net margin of 11.75%.

In other Zillow Group news, Chairman Lloyd D. Frink sold 37,800 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $58.19, for a total value of $2,199,582.00. Following the transaction, the chairman now directly owns 3,066,696 shares in the company, valued at $178,451,040.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Jennifer Rock sold 901 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $46.98, for a total transaction of $42,328.98. Following the completion of the transaction, the chief accounting officer now owns 45,066 shares in the company, valued at $2,117,200.68. The disclosure for this sale can be found here. Insiders have sold 192,487 shares of company stock worth $11,533,646 over the last ninety days. Insiders own 19.87% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Sands Capital Management LLC acquired a new position in shares of Zillow Group in the first quarter valued at about $142,696,000. Capital World Investors grew its stake in shares of Zillow Group by 238.3% in the first quarter. Capital World Investors now owns 1,776,028 shares of the financial services provider’s stock valued at $63,973,000 after acquiring an additional 1,251,028 shares in the last quarter. Norges Bank acquired a new position in shares of Zillow Group in the fourth quarter valued at about $54,982,000. Eminence Capital LP grew its stake in shares of Zillow Group by 36.1% in the first quarter. Eminence Capital LP now owns 4,394,300 shares of the financial services provider’s stock valued at $158,283,000 after acquiring an additional 1,166,538 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Zillow Group in the first quarter valued at about $15,687,000. Hedge funds and other institutional investors own 77.33% of the company’s stock.

Zillow Group Company Profile

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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