Zillow Group, Inc. (Z) Earns Buy Rating from Benchmark Co.
Zillow Group, Inc. (NASDAQ:Z)‘s stock had its “buy” rating reaffirmed by investment analysts at Benchmark Co. in a note issued to investors on Thursday. They currently have a $55.00 target price on the financial services provider’s stock. Benchmark Co.’s price target points to a potential upside of 31.23% from the company’s previous close.
Z has been the subject of a number of other research reports. Deutsche Bank AG boosted their target price on Zillow Group to $50.00 and gave the stock a “neutral” rating in a research report on Monday, August 7th. BidaskClub upgraded Zillow Group from a “sell” rating to a “hold” rating in a research report on Monday, September 18th. Stifel Nicolaus restated a “buy” rating and set a $54.50 target price (up previously from $46.00) on shares of Zillow Group in a research report on Friday, June 30th. Finally, Cowen and Company restated a “hold” rating on shares of Zillow Group in a research report on Friday, July 14th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $46.64.
Zillow Group (NASDAQ:Z) traded down 0.91% on Thursday, hitting $41.53. The stock had a trading volume of 643,398 shares. Zillow Group has a 1-year low of $31.22 and a 1-year high of $51.23. The firm’s market cap is $7.70 billion. The firm’s 50-day moving average price is $39.44 and its 200-day moving average price is $41.47.
Zillow Group (NASDAQ:Z) last issued its quarterly earnings data on Tuesday, August 8th. The financial services provider reported ($0.12) earnings per share (EPS) for the quarter. Zillow Group had a negative net margin of 4.47% and a negative return on equity of 0.40%. The business had revenue of $266.85 million during the quarter. On average, equities research analysts predict that Zillow Group will post $0.50 earnings per share for the current year.
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In related news, insider Errol G. Samuelson sold 6,221 shares of Zillow Group stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $39.65, for a total transaction of $246,662.65. Following the completion of the sale, the insider now directly owns 32,658 shares of the company’s stock, valued at $1,294,889.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Amy Bohutinsky sold 147,000 shares of Zillow Group stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $45.23, for a total value of $6,648,810.00. Following the sale, the chief operating officer now directly owns 43,000 shares of the company’s stock, valued at $1,944,890. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 273,282 shares of company stock valued at $12,100,366. 21.72% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in Z. D.A. Davidson & CO. grew its stake in shares of Zillow Group by 2.1% during the second quarter. D.A. Davidson & CO. now owns 2,817 shares of the financial services provider’s stock worth $138,000 after purchasing an additional 57 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Zillow Group by 878.9% during the second quarter. JPMorgan Chase & Co. now owns 3,152 shares of the financial services provider’s stock worth $154,000 after purchasing an additional 2,830 shares during the period. ETF Managers Group LLC acquired a new stake in shares of Zillow Group during the second quarter worth $167,000. Gillespie Robinson & Grimm Inc. acquired a new stake in shares of Zillow Group during the second quarter worth $204,000. Finally, Virtu KCG Holdings LLC acquired a new stake in shares of Zillow Group during the second quarter worth $206,000. 86.13% of the stock is owned by institutional investors and hedge funds.
About Zillow Group
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 people 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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