Zillow Group (NASDAQ:Z)‘s stock had its “overweight” rating reaffirmed by equities research analysts at Morgan Stanley in a research report issued on Tuesday, Marketbeat Ratings reports. They presently have a $55.00 target price on the financial services provider’s stock, up from their prior target price of $50.00. Morgan Stanley’s price target indicates a potential downside of 5.24% from the stock’s previous close.
Z has been the topic of several other reports. BidaskClub cut Zillow Group from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Cowen restated a “hold” rating on shares of Zillow Group in a report on Friday, February 9th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Zillow Group has an average rating of “Buy” and an average price target of $50.79.
Shares of Zillow Group (Z) traded up $0.80 during trading on Tuesday, reaching $58.04. The company’s stock had a trading volume of 270,393 shares, compared to its average volume of 1,314,065. The company has a debt-to-equity ratio of 0.14, a quick ratio of 7.11 and a current ratio of 7.11. Zillow Group has a 52-week low of $32.56 and a 52-week high of $58.04.
In other Zillow Group news, insider Greg M. Schwartz sold 60,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $46.18, for a total value of $2,770,800.00. Following the completion of the sale, the insider now owns 43,000 shares of the company’s stock, valued at $1,985,740. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CMO Jeremy Wacksman sold 11,000 shares of the business’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $50.32, for a total value of $553,520.00. Following the completion of the sale, the chief marketing officer now directly owns 11,468 shares of the company’s stock, valued at approximately $577,069.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 327,586 shares of company stock valued at $14,415,985. Insiders own 21.72% of the company’s stock.
Several institutional investors have recently bought and sold shares of Z. Caledonia Private Investments Pty Ltd increased its stake in Zillow Group by 2.4% during the fourth quarter. Caledonia Private Investments Pty Ltd now owns 28,636,248 shares of the financial services provider’s stock valued at $1,171,795,000 after acquiring an additional 665,737 shares during the period. Zevenbergen Capital Investments LLC increased its stake in Zillow Group by 3.9% during the third quarter. Zevenbergen Capital Investments LLC now owns 1,982,225 shares of the financial services provider’s stock valued at $79,705,000 after acquiring an additional 74,090 shares during the period. VGI PARTNERS PTY Ltd increased its stake in Zillow Group by 27.0% during the fourth quarter. VGI PARTNERS PTY Ltd now owns 1,646,226 shares of the financial services provider’s stock valued at $67,364,000 after acquiring an additional 350,081 shares during the period. Janus Henderson Group PLC increased its stake in Zillow Group by 7.2% during the third quarter. Janus Henderson Group PLC now owns 640,207 shares of the financial services provider’s stock valued at $25,743,000 after acquiring an additional 43,048 shares during the period. Finally, Amundi Pioneer Asset Management Inc. bought a new position in Zillow Group during the fourth quarter valued at about $25,636,000. Institutional investors and hedge funds own 58.57% of the company’s stock.
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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.
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