Zillow Group, Inc. (NASDAQ:ZG) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Zillow Group, Inc. (NASDAQ:ZG) have been assigned a consensus recommendation of “Hold” from the twenty-nine analysts that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation, fourteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $87.0870.

A number of equities analysts have commented on the company. Sanford C. Bernstein restated an “outperform” rating on shares of Zillow Group in a research note on Monday, October 27th. Cantor Fitzgerald reissued a “neutral” rating and set a $74.00 target price on shares of Zillow Group in a research note on Friday, October 31st. Oppenheimer initiated coverage on Zillow Group in a research report on Monday, October 6th. They set a “market perform” rating on the stock. Benchmark reiterated a “buy” rating on shares of Zillow Group in a report on Tuesday. Finally, UBS Group decreased their price target on Zillow Group from $95.00 to $92.00 and set a “buy” rating for the company in a research report on Friday, October 31st.

Insider Activity

In other Zillow Group news, CEO Jeremy Wacksman sold 10,855 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $69.99, for a total value of $759,741.45. Following the completion of the sale, the chief executive officer owned 134,712 shares in the company, valued at $9,428,492.88. This represents a 7.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Dan Spaulding sold 5,455 shares of Zillow Group stock in a transaction on Friday, November 14th. The shares were sold at an average price of $69.40, for a total value of $378,577.00. Following the sale, the insider directly owned 50,342 shares of the company’s stock, valued at approximately $3,493,734.80. The trade was a 9.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 67,511 shares of company stock valued at $4,766,357 in the last ninety days. Corporate insiders own 17.14% of the company’s stock.

Institutional Trading of Zillow Group

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Personalized Indexing Management LLC lifted its position in shares of Zillow Group by 3.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,550 shares of the technology company’s stock worth $312,000 after purchasing an additional 131 shares during the last quarter. DoubleLine ETF Adviser LP grew its position in Zillow Group by 4.9% in the 3rd quarter. DoubleLine ETF Adviser LP now owns 3,214 shares of the technology company’s stock worth $239,000 after purchasing an additional 150 shares during the last quarter. Voya Investment Management LLC increased its holdings in shares of Zillow Group by 2.8% during the 1st quarter. Voya Investment Management LLC now owns 5,778 shares of the technology company’s stock worth $386,000 after purchasing an additional 156 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Zillow Group by 4.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,657 shares of the technology company’s stock worth $256,000 after purchasing an additional 156 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in shares of Zillow Group by 78.9% during the third quarter. Smartleaf Asset Management LLC now owns 424 shares of the technology company’s stock valued at $33,000 after buying an additional 187 shares during the last quarter. 20.32% of the stock is currently owned by institutional investors and hedge funds.

Zillow Group Trading Up 3.4%

ZG stock opened at $68.92 on Wednesday. The stock’s 50 day simple moving average is $70.60 and its 200 day simple moving average is $74.04. Zillow Group has a 12-month low of $56.63 and a 12-month high of $90.22. The firm has a market cap of $16.68 billion, a P/E ratio of -492.25, a P/E/G ratio of 26.21 and a beta of 2.06.

Zillow Group (NASDAQ:ZG) last released its earnings results on Thursday, October 30th. The technology company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.02). The business had revenue of $676.00 million for the quarter, compared to the consensus estimate of $670.28 million. Zillow Group had a negative net margin of 1.29% and a negative return on equity of 0.56%. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.35 EPS. On average, research analysts forecast that Zillow Group will post 0.32 EPS for the current fiscal year.

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.