Zillow Group (NASDAQ:Z) Upgraded at Barclays

Barclays upgraded shares of Zillow Group (NASDAQ:Z) from a strong sell rating to a hold rating in a research note released on Thursday,Zacks.com reports.

A number of other analysts have also issued reports on the company. BNP Paribas Exane upgraded Zillow Group to a “strong-buy” rating in a report on Wednesday, January 14th. Exane BNP Paribas raised Zillow Group to a “strong-buy” rating in a research note on Wednesday, January 14th. Oppenheimer began coverage on Zillow Group in a research report on Monday, October 6th. They set a “market perform” rating for the company. Mizuho downgraded Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Finally, JPMorgan Chase & Co. increased their price target on shares of Zillow Group from $94.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Four research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Zillow Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.83.

Zillow Group Trading Down 4.7%

NASDAQ Z opened at $63.03 on Thursday. Zillow Group has a 1 year low of $57.51 and a 1 year high of $93.88. The company has a market cap of $15.26 billion, a PE ratio of -450.18, a PEG ratio of 3.84 and a beta of 2.07. The stock’s 50-day moving average price is $69.84 and its two-hundred day moving average price is $75.71.

Zillow Group (NASDAQ:Z) last released its earnings results on Thursday, October 30th. The financial services provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.02). The firm had revenue of $729.00 million during the quarter, compared to analysts’ expectations of $670.28 million. Zillow Group had a negative return on equity of 0.56% and a negative net margin of 1.29%. Research analysts forecast that Zillow Group will post 0.32 EPS for the current fiscal year.

Insider Activity at Zillow Group

In related news, CEO Jeremy Wacksman sold 10,855 shares of the firm’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $69.99, for a total transaction of $759,741.45. Following the sale, the chief executive officer directly owned 134,712 shares in the company, valued at $9,428,492.88. This trade represents a 7.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Bradley D. Owens sold 2,722 shares of the company’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $67.41, for a total transaction of $183,490.02. Following the completion of the transaction, the general counsel directly owned 37,974 shares of the company’s stock, valued at approximately $2,559,827.34. The trade was a 6.69% decrease in their ownership of the stock. 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. Insiders own 25.03% of the company’s stock.

Institutional Trading of Zillow Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Root Financial Partners LLC bought a new position in shares of Zillow Group in the third quarter valued at $27,000. V Square Quantitative Management LLC bought a new stake in Zillow Group during the fourth quarter worth $28,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Zillow Group in the third quarter valued at $29,000. Cullen Frost Bankers Inc. lifted its stake in Zillow Group by 58.6% in the third quarter. Cullen Frost Bankers Inc. now owns 441 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 163 shares during the last quarter. Finally, SBI Securities Co. Ltd. grew its position in shares of Zillow Group by 58.2% in the 2nd quarter. SBI Securities Co. Ltd. now owns 503 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 185 shares during the period. Institutional investors and hedge funds own 71.01% of the company’s stock.

Zillow Group Company Profile

Zillow Group, Inc is an online real estate marketplace company that operates a portfolio of consumer-facing websites and mobile apps designed to connect buyers, sellers, renters, homeowners and real estate professionals. The company’s platforms aggregate property listings, rental listings, and related information to help users search for homes, estimate property values and connect with agents and service providers. Zillow generates revenue primarily through advertising and lead-generation services for real estate professionals, property managers and mortgage lenders.

Key products and services include the Zillow and Trulia consumer websites and apps, which provide searchable listings, photos, neighborhood data and the company’s automated home valuation tool known as the “Zestimate.” Zillow also offers a rentals marketplace, a mortgage marketplace and tools for home buying and selling such as Zillow Premier Agent for agent advertising and leads, as well as ancillary services designed to support transactions, including closing and title-related offerings.