Zillow Group’s (Z) “Hold” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of Zillow Group (NASDAQ:Z) in a report published on Wednesday morning,Benzinga reports.

A number of other research analysts have also commented on Z. Morgan Stanley raised their target price on Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday. Bank of America lifted their target price on shares of Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Baird R W raised shares of Zillow Group to a “hold” rating in a research report on Friday, January 31st. Finally, KeyCorp raised Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Zillow Group currently has a consensus rating of “Moderate Buy” and an average target price of $82.00.

Zillow Group Stock Down 9.4 %

NASDAQ:Z opened at $78.21 on Wednesday. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group has a one year low of $38.45 and a one year high of $89.39. The company has a fifty day moving average price of $78.73 and a 200 day moving average price of $68.13.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. As a group, equities research analysts anticipate that Zillow Group will post -0.42 EPS for the current year.

Insider Buying and Selling

In other Zillow Group news, CAO Jennifer Rock sold 8,225 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $73.05, for a total value of $600,836.25. Following the transaction, the chief accounting officer now directly owns 61,424 shares in the company, valued at approximately $4,487,023.20. This trade represents a 11.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO David A. Beitel sold 56,750 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $72.39, for a total value of $4,108,132.50. Following the completion of the transaction, the chief technology officer now owns 92 shares in the company, valued at approximately $6,659.88. This represents a 99.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 142,730 shares of company stock worth $10,896,034 in the last 90 days. Corporate insiders own 23.76% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC acquired a new position in Zillow Group in the second quarter valued at about $319,000. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Zillow Group by 400.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 400 shares during the period. Creative Planning increased its stake in Zillow Group by 3.0% in the third quarter. Creative Planning now owns 19,139 shares of the financial services provider’s stock valued at $1,222,000 after purchasing an additional 558 shares in the last quarter. Cornerstone Wealth Management LLC acquired a new stake in Zillow Group in the third quarter worth $213,000. Finally, Armstrong Fleming & Moore Inc bought a new position in shares of Zillow Group during the third quarter worth $240,000. 71.01% of the stock is owned by institutional investors.

Zillow Group Company Profile

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.