Zillow Group (Z) Earns Hold Rating from Analysts at DA Davidson

DA Davidson assumed coverage on shares of Zillow Group (NASDAQ:Z) in a report released on Wednesday. The brokerage issued a hold rating and a $60.00 price target on the financial services provider’s stock.

Z has been the topic of several other research reports. BidaskClub cut Zillow Group from a hold rating to a sell rating in a research report on Tuesday, January 23rd. Morgan Stanley reiterated an overweight rating and set a $55.00 price objective (up previously from $50.00) on shares of Zillow Group in a research report on Tuesday, March 13th. Cowen reiterated a hold rating on shares of Zillow Group in a research report on Friday, February 9th. Finally, KeyCorp reiterated an overweight rating and set a $65.00 price objective (up previously from $54.00) on shares of Zillow Group in a research report on Thursday, March 15th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $53.39.

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Shares of Zillow Group stock opened at $52.68 on Wednesday. Zillow Group has a 1 year low of $33.77 and a 1 year high of $59.99. 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 (NASDAQ:Z) last announced its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter. Zillow Group had a positive return on equity of 0.03% and a negative net margin of 8.77%. The business had revenue of $282.33 million during the quarter.

In other news, CEO Spencer M. Rascoff sold 58,050 shares of Zillow Group stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $44.64, for a total transaction of $2,591,352.00. Following the sale, the chief executive officer now directly owns 70,050 shares of the company’s stock, valued at $3,127,032. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Amy Bohutinsky sold 168,748 shares of Zillow Group stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $52.88, for a total value of $8,923,394.24. Following the sale, the chief operating officer now directly owns 90,624 shares in the company, valued at $4,792,197.12. The disclosure for this sale can be found here. Insiders sold 489,778 shares of company stock worth $25,026,148 over the last ninety days. 21.72% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in the company. Advisor Group Inc. lifted its stake in shares of Zillow Group by 574.2% in the fourth quarter. Advisor Group Inc. now owns 3,708 shares of the financial services provider’s stock worth $152,000 after acquiring an additional 3,158 shares during the period. Virtu Financial LLC acquired a new position in shares of Zillow Group in the fourth quarter worth approximately $202,000. Toronto Dominion Bank lifted its stake in shares of Zillow Group by 41.8% in the fourth quarter. Toronto Dominion Bank now owns 6,265 shares of the financial services provider’s stock worth $256,000 after acquiring an additional 1,848 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of Zillow Group in the fourth quarter worth approximately $294,000. Finally, SG Americas Securities LLC lifted its stake in shares of Zillow Group by 148.6% in the fourth quarter. SG Americas Securities LLC now owns 8,312 shares of the financial services provider’s stock worth $340,000 after acquiring an additional 4,968 shares during the period. 58.58% of the stock is currently owned by hedge funds and other institutional investors.

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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 consumers 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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