Zillow Group (NASDAQ:Z) Given Hold Rating at Needham & Company LLC

Zillow Group (NASDAQ:Z)‘s stock had its “hold” rating reiterated by Needham & Company LLC in a report released on Wednesday,Benzinga reports.

Other equities research analysts have also issued research reports about the stock. Bank of America boosted their price target on shares of Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Jefferies Financial Group upped their target price on Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Baird R W raised Zillow Group to a “hold” rating in a research report on Friday, January 31st. KeyCorp raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. Finally, Morgan Stanley raised their price objective on Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Zillow Group has an average rating of “Moderate Buy” and an average target price of $78.67.

Zillow Group Stock Down 1.9 %

Shares of NASDAQ:Z opened at $86.32 on Wednesday. The business’s 50 day moving average is $78.82 and its 200 day moving average is $68.06. The stock has a market cap of $20.16 billion, a P/E ratio of -151.44, a price-to-earnings-growth ratio of 16.20 and a beta of 2.03. Zillow Group has a 52-week low of $38.45 and a 52-week high of $89.39. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11.

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

Insider Buying and Selling at Zillow Group

In related news, COO Jun Choo sold 10,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $75.10, for a total value of $751,000.00. Following the transaction, the chief operating officer now directly owns 88,130 shares of the company’s stock, valued at $6,618,563. This represents a 10.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dan Spaulding sold 4,565 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $86.22, for a total value of $393,594.30. Following the completion of the transaction, the insider now owns 58,217 shares of the company’s stock, valued at $5,019,469.74. This trade represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 142,730 shares of company stock worth $10,896,034. 23.76% of the stock is owned by insiders.

Hedge Funds Weigh In On Zillow Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Prudential Financial Inc. grew its position in Zillow Group by 2.0% during the 4th quarter. Prudential Financial Inc. now owns 164,957 shares of the financial services provider’s stock worth $12,215,000 after purchasing an additional 3,237 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Zillow Group in the fourth quarter worth about $3,389,000. Royal London Asset Management Ltd. boosted its stake in shares of Zillow Group by 4.2% in the fourth quarter. Royal London Asset Management Ltd. now owns 61,546 shares of the financial services provider’s stock worth $4,557,000 after buying an additional 2,456 shares during the last quarter. Vinva Investment Management Ltd acquired a new stake in Zillow Group during the fourth quarter worth about $1,187,000. Finally, Xponance Inc. raised its position in Zillow Group by 8.0% during the fourth quarter. Xponance Inc. now owns 14,727 shares of the financial services provider’s stock valued at $1,091,000 after acquiring an additional 1,088 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

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.