Analysts Set Zillow Group, Inc. (NASDAQ:Z) PT at $91.14

Zillow Group, Inc. (NASDAQ:Z) has earned a consensus rating of “Moderate Buy” from the sixteen brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, four have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $91.1429.

A number of analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Zillow Group in a report on Wednesday, October 8th. Oppenheimer initiated coverage on Zillow Group in a research report on Monday, October 6th. They issued a “market perform” rating for the company. Mizuho raised Zillow Group to a “strong-buy” rating in a research note on Monday, September 29th. Gordon Haskett upgraded Zillow Group to a “strong-buy” rating in a research report on Friday, October 3rd. Finally, Sanford C. Bernstein upgraded Zillow Group from a “market perform” rating to an “outperform” rating and set a $105.00 target price for the company in a report on Wednesday, September 17th.

Insider Activity at Zillow Group

In other Zillow Group news, insider Dan Spaulding sold 5,455 shares of the business’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $69.40, for a total transaction of $378,577.00. Following the transaction, the insider owned 50,342 shares in the company, valued at $3,493,734.80. The trade was a 9.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jeremy Hofmann sold 7,865 shares of the stock in a transaction on Friday, November 14th. The shares were sold at an average price of $69.53, for a total transaction of $546,853.45. Following the completion of the sale, the chief financial officer directly owned 70,811 shares in the company, valued at approximately $4,923,488.83. This represents a 10.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 67,511 shares of company stock valued at $4,766,357 over the last three months. Corporate insiders own 25.03% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in Z. Scge Management L.P. purchased a new position in shares of Zillow Group during the third quarter valued at $133,990,000. Eminence Capital LP grew its holdings in Zillow Group by 63.6% during the 2nd quarter. Eminence Capital LP now owns 3,978,731 shares of the financial services provider’s stock worth $278,710,000 after acquiring an additional 1,546,577 shares in the last quarter. Soma Equity Partners LP increased its position in Zillow Group by 389.5% during the 3rd quarter. Soma Equity Partners LP now owns 1,468,492 shares of the financial services provider’s stock valued at $113,147,000 after purchasing an additional 1,168,492 shares during the period. Holocene Advisors LP bought a new stake in shares of Zillow Group in the 2nd quarter valued at about $57,021,000. Finally, Capital World Investors raised its holdings in shares of Zillow Group by 7.8% in the 3rd quarter. Capital World Investors now owns 10,635,008 shares of the financial services provider’s stock valued at $819,427,000 after purchasing an additional 769,944 shares in the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Zillow Group Price Performance

Shares of Z opened at $69.25 on Friday. The stock has a market capitalization of $16.76 billion, a price-to-earnings ratio of -494.61, a price-to-earnings-growth ratio of 27.23 and a beta of 2.10. Zillow Group has a 1 year low of $57.51 and a 1 year high of $93.88. The business’s 50 day simple moving average is $72.55 and its 200-day simple moving average is $76.40.

Zillow Group (NASDAQ:Z) last posted its earnings results on Thursday, October 30th. The financial services provider reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). The business had revenue of $729.00 million during the quarter, compared to analysts’ expectations of $670.28 million. Zillow Group had a negative net margin of 1.29% and a negative return on equity of 0.56%. On average, sell-side analysts expect that Zillow Group will post 0.32 earnings per share for the current year.

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.