Zillow Group, Inc. (NASDAQ:Z) Receives $93.83 Consensus Price Target from Brokerages

Zillow Group, Inc. (NASDAQ:Z) has been given a consensus rating of “Moderate Buy” by the seventeen research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating, four have issued a buy rating and four have given a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $93.8333.

Z has been the topic of several research reports. JPMorgan Chase & Co. boosted their price target on Zillow Group from $94.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Exane BNP Paribas upgraded Zillow Group to a “strong-buy” rating in a research report on Wednesday, January 14th. Gordon Haskett upgraded Zillow Group to a “strong-buy” rating in a research note on Friday, October 3rd. Oppenheimer began coverage on Zillow Group in a research report on Monday, October 6th. They issued a “market perform” rating for the company. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Zillow Group from $85.00 to $80.00 and set a “market perform” rating on the stock in a report on Monday, November 3rd.

Zillow Group Trading Down 1.5%

Shares of Z stock opened at $64.92 on Thursday. The firm has a market capitalization of $15.71 billion, a P/E ratio of -463.68, a price-to-earnings-growth ratio of 3.65 and a beta of 2.07. Zillow Group has a 1 year low of $57.51 and a 1 year high of $93.88. The firm’s fifty day simple moving average is $70.11 and its 200 day simple moving average is $76.16.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings results on Thursday, October 30th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.02). Zillow Group had a negative return on equity of 0.56% and a negative net margin of 1.29%.The company had revenue of $729.00 million during the quarter, compared to analyst estimates of $670.28 million. Equities research analysts anticipate that Zillow Group will post 0.32 EPS for the current fiscal year.

Insiders Place Their Bets

In other Zillow Group news, CFO Jeremy Hofmann sold 7,865 shares of Zillow Group stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $69.53, for a total transaction of $546,853.45. Following the sale, the chief financial officer directly owned 70,811 shares of the company’s stock, valued at approximately $4,923,488.83. The trade was a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dan Spaulding sold 5,455 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $69.40, for a total value of $378,577.00. Following the completion of the sale, the insider owned 50,342 shares in the company, valued at approximately $3,493,734.80. This represents a 9.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 67,511 shares of company stock valued at $4,766,357 over the last 90 days. Company insiders own 25.03% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

Large investors have recently bought and sold shares of the business. Flagship Harbor Advisors LLC acquired a new stake in Zillow Group during the 4th quarter valued at $43,000. MRA Advisory Group acquired a new stake in shares of Zillow Group in the fourth quarter valued at $464,000. Private Advisory Group LLC raised its holdings in shares of Zillow Group by 28.0% in the fourth quarter. Private Advisory Group LLC now owns 153,088 shares of the financial services provider’s stock valued at $10,444,000 after buying an additional 33,451 shares during the last quarter. Mirador Capital Partners LP lifted its position in Zillow Group by 2.8% during the 4th quarter. Mirador Capital Partners LP now owns 79,129 shares of the financial services provider’s stock worth $5,398,000 after buying an additional 2,151 shares in the last quarter. Finally, True Vision MN LLC lifted its position in Zillow Group by 8.2% during the 4th quarter. True Vision MN LLC now owns 8,427 shares of the financial services provider’s stock worth $575,000 after buying an additional 639 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors.

About Zillow Group

Zillow Group, Inc is an online real estate marketplace company that operates a portfolio of consumer-facing websites and mobile apps designed to connect buyers, sellers, renters, homeowners and real estate professionals. The company’s platforms aggregate property listings, rental listings, and related information to help users search for homes, estimate property values and connect with agents and service providers. Zillow generates revenue primarily through advertising and lead-generation services for real estate professionals, property managers and mortgage lenders.

Key products and services include the Zillow and Trulia consumer websites and apps, which provide searchable listings, photos, neighborhood data and the company’s automated home valuation tool known as the “Zestimate.” Zillow also offers a rentals marketplace, a mortgage marketplace and tools for home buying and selling such as Zillow Premier Agent for agent advertising and leads, as well as ancillary services designed to support transactions, including closing and title-related offerings.