Morgan Stanley downgraded shares of Zillow (NASDAQ:Z) from an overweight rating to a hold rating in a research note released on Wednesday. Morgan Stanley currently has $50.00 price target on the financial services provider’s stock.

A number of other equities analysts also recently commented on Z. BidaskClub downgraded shares of Zillow from a hold rating to a sell rating in a research note on Saturday, December 30th. KeyCorp reissued an overweight rating and issued a $65.00 target price (up previously from $54.00) on shares of Zillow in a research note on Thursday, March 15th. Cowen reissued a hold rating on shares of Zillow in a research note on Friday, February 9th. DA Davidson initiated coverage on shares of Zillow in a research note on Wednesday, April 4th. They issued a hold rating and a $60.00 target price on the stock. Finally, Craig Hallum downgraded shares of Zillow from a buy rating to a hold rating and set a $49.75 target price on the stock. in a research note on Friday, April 13th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $53.23.

NASDAQ:Z opened at $47.18 on Wednesday. The company has a quick ratio of 7.11, a current ratio of 7.11 and a debt-to-equity ratio of 0.14. Zillow has a fifty-two week low of $36.25 and a fifty-two week high of $59.99.

Zillow (NASDAQ:Z) last posted its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.09 earnings per share for the quarter. The company had revenue of $282.33 million for the quarter. Zillow had a negative net margin of 8.77% and a positive return on equity of 0.03%.

In related news, Vice Chairman Lloyd D. Frink sold 13,600 shares of the firm’s stock in a transaction on Wednesday, March 21st. The shares were sold at an average price of $57.42, for a total transaction of $780,912.00. Following the completion of the sale, the insider now directly owns 4,279,608 shares of the company’s stock, valued at approximately $245,735,091.36. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Spencer M. Rascoff sold 58,050 shares of the firm’s stock in a transaction on Wednesday, January 31st. The shares were 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 489,778 shares of company stock valued at $25,092,380. Company insiders own 21.72% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Caledonia Private Investments Pty Ltd grew its holdings in Zillow by 2.4% during the 4th quarter. Caledonia Private Investments Pty Ltd now owns 28,636,248 shares of the financial services provider’s stock worth $1,171,795,000 after acquiring an additional 665,737 shares in the last quarter. VGI PARTNERS PTY Ltd grew its holdings in Zillow by 27.0% during the 4th quarter. VGI PARTNERS PTY Ltd now owns 1,646,226 shares of the financial services provider’s stock worth $67,364,000 after acquiring an additional 350,081 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Zillow by 7.2% during the 3rd quarter. Janus Henderson Group PLC now owns 640,207 shares of the financial services provider’s stock worth $25,743,000 after acquiring an additional 43,048 shares in the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in Zillow during the 4th quarter worth $25,636,000. Finally, Swiss National Bank grew its holdings in Zillow by 1.8% during the 4th quarter. Swiss National Bank now owns 390,534 shares of the financial services provider’s stock worth $15,981,000 after acquiring an additional 6,800 shares in the last quarter. 58.62% of the stock is owned by institutional investors and hedge funds.

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Zillow 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 (NASDAQ:Z)

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