ValuEngine downgraded shares of Zillow Group (NASDAQ:Z) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

Several other analysts have also commented on Z. Morgan Stanley increased their price objective on Zillow Group from $50.00 to $54.00 and gave the company an equal weight rating in a report on Wednesday, July 11th. BidaskClub lowered Zillow Group from a strong-buy rating to a buy rating in a report on Wednesday, August 1st. KeyCorp decreased their price objective on Zillow Group from $63.00 to $56.00 and set an overweight rating for the company in a report on Tuesday, August 7th. Bank of America lowered Zillow Group from a buy rating to a neutral rating in a report on Tuesday, August 7th. Finally, Zelman & Associates started coverage on Zillow Group in a research note on Friday, November 2nd. They issued a hold rating for the company. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. Zillow Group currently has a consensus rating of Hold and an average target price of $48.82.

Zillow Group stock traded up $0.84 during mid-day trading on Wednesday, reaching $30.25. 4,361,027 shares of the company were exchanged, compared to its average volume of 3,349,707. The company has a quick ratio of 8.13, a current ratio of 11.72 and a debt-to-equity ratio of 0.21. The firm has a market cap of $6.06 billion, a P/E 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.

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

In other Zillow Group news, insider Greg M. Schwartz sold 5,400 shares of the stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $40.46, for a total transaction of $218,484.00. Following the sale, the insider now directly owns 1,800 shares of the company’s stock, valued at approximately $72,828. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Lloyd D. Frink sold 13,600 shares of the stock in a transaction dated Tuesday, October 23rd. The stock was sold at an average price of $39.87, for a total value of $542,232.00. Following the sale, the insider now directly owns 3,501,308 shares in the company, valued at $139,597,149.96. The disclosure for this sale can be found here. Insiders sold a total of 184,375 shares of company stock valued at $8,525,002 in the last 90 days. 21.72% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Korea Investment CORP acquired a new stake in Zillow Group during the 2nd quarter worth about $124,000. Flagship Harbor Advisors LLC acquired a new stake in Zillow Group during the 2nd quarter worth about $184,000. Royal Bank of Canada grew its position in Zillow Group by 125.9% during the 1st quarter. Royal Bank of Canada now owns 3,381 shares of the financial services provider’s stock worth $182,000 after purchasing an additional 16,423 shares during the period. Commonwealth Equity Services LLC acquired a new stake in Zillow Group during the 2nd quarter worth about $210,000. Finally, World Asset Management Inc acquired a new stake in Zillow Group during the 2nd quarter worth about $218,000. 60.53% of the stock is currently owned by 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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