Zillow Group, Inc. (NASDAQ:ZG) Given Consensus Rating of “Hold” by Analysts

Shares of Zillow Group, Inc. (NASDAQ:ZG) have been assigned an average rating of “Hold” from the twenty-nine research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $85.5217.

Several research analysts have issued reports on the company. Susquehanna cut their price objective on Zillow Group from $85.00 to $80.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. UBS Group cut their target price on Zillow Group from $95.00 to $92.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Gordon Haskett raised Zillow Group from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a report on Friday, October 3rd. Sanford C. Bernstein reissued an “outperform” rating on shares of Zillow Group in a research note on Monday, October 27th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Zillow Group from $94.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, October 31st.

Zillow Group Trading Down 2.0%

NASDAQ:ZG opened at $67.16 on Friday. The company has a 50-day moving average of $69.52 and a 200-day moving average of $73.93. The firm has a market cap of $16.26 billion, a price-to-earnings ratio of -479.68, a price-to-earnings-growth ratio of 3.72 and a beta of 2.03. Zillow Group has a twelve month low of $56.63 and a twelve month high of $90.22.

Zillow Group (NASDAQ:ZG) last released its earnings results on Thursday, October 30th. The technology company reported $0.44 EPS 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 analyst estimates 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 period in the prior year, the company earned $0.35 earnings per share. On average, research analysts forecast that Zillow Group will post 0.32 earnings per share for the current year.

Insider Buying and Selling at Zillow Group

In related news, Director Erik C. Blachford sold 965 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $72.51, for a total value of $69,972.15. Following the completion of the sale, the director owned 33,543 shares in the company, valued at approximately $2,432,202.93. This represents a 2.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeremy Wacksman sold 10,855 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $69.99, for a total transaction of $759,741.45. Following the completion of the transaction, the chief executive officer directly owned 134,712 shares of the company’s stock, valued at $9,428,492.88. This represents a 7.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 67,511 shares of company stock valued at $4,766,357 over the last three months. 17.14% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC boosted its holdings in Zillow Group by 78.9% in the third quarter. Smartleaf Asset Management LLC now owns 424 shares of the technology company’s stock worth $33,000 after purchasing an additional 187 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Zillow Group by 23.1% in the third quarter. Jones Financial Companies Lllp now owns 1,033 shares of the technology company’s stock worth $80,000 after buying an additional 194 shares during the last quarter. Group One Trading LLC boosted its stake in shares of Zillow Group by 884.7% during the 3rd quarter. Group One Trading LLC now owns 1,477 shares of the technology company’s stock worth $110,000 after acquiring an additional 1,327 shares in the last quarter. Lavaca Capital LLC increased its holdings in shares of Zillow Group by 67.0% during the 2nd quarter. Lavaca Capital LLC now owns 1,670 shares of the technology company’s stock valued at $114,000 after acquiring an additional 670 shares during the last quarter. Finally, Assetmark Inc. raised its stake in shares of Zillow Group by 207.0% in the 2nd quarter. Assetmark Inc. now owns 1,980 shares of the technology company’s stock valued at $136,000 after acquiring an additional 1,335 shares in the last quarter. Hedge funds and other institutional investors own 20.32% of the company’s stock.

About Zillow Group

Zillow Group (NASDAQ:ZG) is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.

Zillow’s core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.