Zillow Group (Z) Downgraded by UBS Group

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UBS Group cut shares of Zillow Group (NASDAQ:Z) to a neutral rating in a report published on Wednesday, The Fly reports.

Z has been the topic of a number of other reports. ValuEngine lowered shares of Zillow Group from a hold rating to a sell rating in a research note on Wednesday, August 8th. BidaskClub lowered shares of Zillow Group from a strong-buy rating to a buy rating in a research note on Wednesday, August 1st. Morgan Stanley raised their target price on shares of Zillow Group from $50.00 to $54.00 and gave the stock an equal weight rating in a research note on Wednesday, July 11th. Bank of America lowered shares of Zillow Group from a buy rating to a neutral rating in a research note on Tuesday, August 7th. Finally, Zelman & Associates began coverage on shares of Zillow Group in a research note on Friday, November 2nd. They issued a hold rating on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $48.82.

Zillow Group stock traded up $0.84 during midday trading on Wednesday, reaching $30.25. The company had a trading volume of 4,361,027 shares, compared to its average volume of 3,349,707. The firm has a market capitalization of $6.06 billion, a PE ratio of 201.67 and a beta of 0.63. Zillow Group has a 12-month low of $28.85 and a 12-month high of $65.70. The company has a current ratio of 11.72, a quick ratio of 8.13 and a debt-to-equity ratio of 0.21.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings results on Tuesday, November 6th. The financial services provider reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.14). The company had revenue of $343.09 million during the quarter. Zillow Group had a negative net margin of 7.94% and a positive return on equity of 0.06%.

In other news, insider Greg M. Schwartz sold 5,400 shares of Zillow Group stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $48.34, for a total transaction of $261,036.00. Following the sale, the insider now owns 1,800 shares of the company’s stock, valued at approximately $87,012. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Vice Chairman Lloyd D. Frink sold 13,600 shares of Zillow Group stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $47.73, for a total transaction of $649,128.00. Following the sale, the insider now directly owns 3,551,358 shares in the company, valued at approximately $169,506,317.34. The disclosure for this sale can be found here. Insiders sold a total of 184,375 shares of company stock worth $8,525,002 over the last three months. Corporate insiders own 21.72% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in Zillow Group by 1.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 438,108 shares of the financial services provider’s stock valued at $25,875,000 after purchasing an additional 4,627 shares during the last quarter. Crosslink Capital Inc. acquired a new stake in Zillow Group in the 2nd quarter valued at approximately $13,462,000. CQS Cayman LP acquired a new stake in Zillow Group in the 2nd quarter valued at approximately $1,023,000. Global Thematic Partners LLC increased its holdings in Zillow Group by 114.7% in the 3rd quarter. Global Thematic Partners LLC now owns 1,574,342 shares of the financial services provider’s stock valued at $69,666,000 after purchasing an additional 841,187 shares during the last quarter. Finally, FMR LLC acquired a new stake in Zillow Group in the 2nd quarter valued at approximately $21,911,000. 60.53% of the stock is currently owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for Zillow Group (NASDAQ:Z)

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