Zillow Group (NASDAQ:Z) had its price target lowered by Morgan Stanley from $37.00 to $32.00 in a report issued on Tuesday, BenzingaRatingsTable reports. Morgan Stanley currently has an equal weight rating on the financial services provider’s stock.
Several other equities analysts have also recently weighed in on Z. Standpoint Research cut Zillow Group from a buy rating to a hold rating in a research report on Tuesday, July 16th. KeyCorp reduced their price target on Zillow Group from $66.00 to $65.00 and set an overweight rating for the company in a research report on Thursday, August 8th. TheStreet cut Zillow Group from a c- rating to a d+ rating in a research report on Wednesday, September 4th. BidaskClub upgraded Zillow Group from a strong sell rating to a sell rating in a research report on Monday, October 7th. Finally, ValuEngine upgraded Zillow Group from a hold rating to a buy rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $40.55.
NASDAQ:Z traded down $0.12 during trading hours on Tuesday, reaching $31.98. The stock had a trading volume of 142,939 shares, compared to its average volume of 3,007,947. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.76 and a current ratio of 3.67. The stock has a 50 day simple moving average of $31.04 and a 200 day simple moving average of $38.99. Zillow Group has a 12-month low of $26.38 and a 12-month high of $51.47.
In other news, Chairman Lloyd D. Frink sold 12,500 shares of Zillow Group stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $47.43, for a total value of $592,875.00. Following the transaction, the chairman now owns 3,288,108 shares in the company, valued at $155,954,962.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Jennifer Rock sold 3,782 shares of Zillow Group stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $35.91, for a total value of $135,811.62. Following the completion of the transaction, the chief accounting officer now owns 35,105 shares in the company, valued at approximately $1,260,620.55. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,489 shares of company stock valued at $984,064. Corporate insiders own 19.87% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Filament LLC increased its holdings in Zillow Group by 1.2% during the 2nd quarter. Filament LLC now owns 430,101 shares of the financial services provider’s stock valued at $19,952,000 after purchasing an additional 5,148 shares during the period. IFM Investors Pty Ltd increased its holdings in Zillow Group by 59.3% during the 2nd quarter. IFM Investors Pty Ltd now owns 10,822 shares of the financial services provider’s stock valued at $502,000 after purchasing an additional 4,030 shares during the period. Gateway Investment Advisers LLC increased its holdings in Zillow Group by 37.8% during the 2nd quarter. Gateway Investment Advisers LLC now owns 58,870 shares of the financial services provider’s stock valued at $2,731,000 after purchasing an additional 16,141 shares during the period. Norris Perne & French LLP MI purchased a new position in Zillow Group during the 2nd quarter valued at about $260,000. Finally, Commonwealth Equity Services LLC purchased a new position in Zillow Group during the 2nd quarter valued at about $483,000. Hedge funds and other institutional investors own 69.22% of the company’s stock.
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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