BidaskClub Upgrades Zillow Group (Z) to Buy

Zillow Group (NASDAQ:Z) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Several other analysts have also recently weighed in on Z. Canaccord Genuity raised their price objective on shares of Zillow Group from $52.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Morgan Stanley upgraded shares of Zillow Group from an “equal weight” rating to an “overweight” rating and set a $50.00 price objective on the stock in a research report on Wednesday, January 10th. Finally, Cowen restated a “hold” rating on shares of Zillow Group in a research report on Friday. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Zillow Group has an average rating of “Buy” and a consensus target price of $50.07.

Shares of Zillow Group (NASDAQ Z) opened at $45.12 on Friday. Zillow Group has a 52 week low of $32.56 and a 52 week high of $51.23. The company has a current ratio of 6.44, a quick ratio of 6.44 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $5,860.00 and a P/E ratio of -205.09.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.05 earnings per share for the quarter. Zillow Group had a negative net margin of 3.99% and a negative return on equity of 0.25%.

In other Zillow Group news, COO Amy Bohutinsky sold 27,783 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $45.39, for a total value of $1,261,070.37. Following the sale, the chief operating officer now owns 27,783 shares of the company’s stock, valued at approximately $1,261,070.37. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Greg M. Schwartz sold 16,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $39.20, for a total transaction of $627,200.00. Following the completion of the sale, the insider now directly owns 28,934 shares in the company, valued at approximately $1,134,212.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 702,270 shares of company stock worth $28,974,088. 21.72% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. boosted its stake in shares of Zillow Group by 6.3% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 328,974 shares of the financial services provider’s stock valued at $13,229,000 after purchasing an additional 19,561 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Zillow Group by 11.9% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 34,393 shares of the financial services provider’s stock valued at $1,383,000 after purchasing an additional 3,651 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Zillow Group by 5.3% during the 3rd quarter. Legal & General Group Plc now owns 119,396 shares of the financial services provider’s stock valued at $4,801,000 after purchasing an additional 6,062 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Zillow Group by 15.7% during the 3rd quarter. Pacer Advisors Inc. now owns 17,613 shares of the financial services provider’s stock valued at $708,000 after purchasing an additional 2,393 shares in the last quarter. Finally, Trexquant Investment LP bought a new stake in shares of Zillow Group during the 3rd quarter valued at about $477,000. 58.04% of the stock is currently owned by institutional investors and hedge funds.

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Zillow Group Company Profile

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.

Analyst Recommendations for Zillow Group (NASDAQ:Z)

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