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

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Zillow Group (NASDAQ:Z) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Friday, BidAskClub reports.

Several other brokerages also recently issued reports on Z. Benchmark lowered their price objective on shares of Zillow Group from $75.00 to $57.00 and set a “buy” rating on the stock in a research report on Tuesday, March 24th. Needham & Company LLC raised shares of Zillow Group from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research report on Monday, June 8th. Finally, Morgan Stanley lifted their target price on shares of Zillow Group from $31.00 to $46.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $62.00.

Shares of Z opened at $62.99 on Friday. The stock has a fifty day simple moving average of $58.98 and a two-hundred day simple moving average of $48.36. The company has a quick ratio of 4.15, a current ratio of 4.94 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $13.60 billion, a PE ratio of -32.64 and a beta of 1.07. Zillow Group has a 52-week low of $20.04 and a 52-week high of $66.68.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings results on Thursday, May 7th. The financial services provider reported ($0.44) earnings per share (EPS) for the quarter. Zillow Group had a negative return on equity of 9.76% and a negative net margin of 11.75%. The firm had revenue of $1.13 billion during the quarter.

In other news, insider Arik Prawer sold 5,292 shares of Zillow Group stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $46.87, for a total transaction of $248,036.04. Following the sale, the insider now directly owns 147,719 shares of the company’s stock, valued at $6,923,589.53. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CTO David A. Beitel sold 1,215 shares of Zillow Group stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $46.75, for a total value of $56,801.25. Following the completion of the transaction, the chief technology officer now owns 73,350 shares of the company’s stock, valued at $3,429,112.50. The disclosure for this sale can be found here. Insiders sold 242,727 shares of company stock worth $14,558,446 over the last three months. 19.87% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the business. Nissay Asset Management Corp Japan ADV increased its holdings in shares of Zillow Group by 1.9% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 11,821 shares of the financial services provider’s stock valued at $543,000 after purchasing an additional 220 shares during the period. Aperio Group LLC boosted its stake in Zillow Group by 2.7% during the first quarter. Aperio Group LLC now owns 9,041 shares of the financial services provider’s stock valued at $326,000 after buying an additional 234 shares in the last quarter. Sunbelt Securities Inc. acquired a new position in shares of Zillow Group in the 4th quarter valued at $2,860,000. Utah Retirement Systems boosted its position in shares of Zillow Group by 1.7% in the 4th quarter. Utah Retirement Systems now owns 23,845 shares of the financial services provider’s stock valued at $1,095,000 after purchasing an additional 400 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Zillow Group by 2.9% in the 4th quarter. Victory Capital Management Inc. now owns 15,583 shares of the financial services provider’s stock valued at $716,000 after purchasing an additional 437 shares during the period. Institutional investors own 77.33% of the company’s stock.

Zillow Group Company Profile

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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Analyst Recommendations for Zillow Group (NASDAQ:Z)

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