Zillow Group (NASDAQ:Z) Stock Rating Upgraded by BidaskClub

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BidaskClub upgraded shares of Zillow Group (NASDAQ:Z) from a hold rating to a buy rating in a report published on Wednesday morning, BidAskClub reports.

A number of other analysts have also weighed in on Z. TheStreet lowered shares of Zillow Group from a c- rating to a d+ rating in a report on Wednesday, September 4th. ValuEngine lowered shares of Zillow Group from a buy rating to a hold rating in a report on Friday, November 8th. Standpoint Research lowered shares of Zillow Group from a buy rating to a hold rating in a report on Tuesday, July 16th. KeyCorp lowered their price target on shares of Zillow Group from $65.00 to $63.00 and set an overweight rating for the company in a report on Friday, November 8th. Finally, Morgan Stanley lowered their price target on shares of Zillow Group from $37.00 to $32.00 and set an equal weight rating for the company in a report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $43.14.

Z traded up $0.73 during midday trading on Wednesday, reaching $39.68. 2,290,700 shares of the company’s stock were exchanged, compared to its average volume of 3,186,157. The company has a quick ratio of 2.76, a current ratio of 3.81 and a debt-to-equity ratio of 0.49. The business has a 50-day simple moving average of $32.53 and a two-hundred day simple moving average of $38.74. Zillow Group has a one year low of $26.38 and a one year high of $51.47.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings results on Thursday, November 7th. The financial services provider reported ($0.32) earnings per share for the quarter. The company had revenue of $745.21 million during the quarter. Zillow Group had a negative net margin of 13.95% and a negative return on equity of 7.20%.

In other Zillow Group news, CAO Jennifer Rock sold 1,950 shares of Zillow Group stock in a transaction on Monday, August 19th. The shares were sold at an average price of $35.73, for a total transaction of $69,673.50. Following the completion of the sale, the chief accounting officer now owns 35,105 shares of the company’s stock, valued at approximately $1,254,301.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 3,784 shares of company stock valued at $141,352 in the last ninety days. Company insiders own 19.87% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Baillie Gifford & Co. grew its holdings in shares of Zillow Group by 1.1% in the 2nd quarter. Baillie Gifford & Co. now owns 11,564,525 shares of the financial services provider’s stock valued at $536,480,000 after buying an additional 128,756 shares during the period. Vanguard Group Inc. grew its holdings in shares of Zillow Group by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 9,814,560 shares of the financial services provider’s stock valued at $455,298,000 after buying an additional 58,454 shares during the period. SRS Investment Management LLC grew its holdings in shares of Zillow Group by 35.4% in the 2nd quarter. SRS Investment Management LLC now owns 5,960,740 shares of the financial services provider’s stock valued at $276,519,000 after buying an additional 1,556,872 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Zillow Group by 54.1% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,448,059 shares of the financial services provider’s stock valued at $162,461,000 after buying an additional 1,912,042 shares during the period. Finally, Nikko Asset Management Americas Inc. grew its holdings in shares of Zillow Group by 39.5% in the 3rd quarter. Nikko Asset Management Americas Inc. now owns 4,995,861 shares of the financial services provider’s stock valued at $148,977,000 after buying an additional 1,414,639 shares during the period. 69.69% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading: How to find the components of the quick ratio

Analyst Recommendations for Zillow Group (NASDAQ:Z)

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