Zillow Group, Inc. (NASDAQ:Z) Stock Rating Lowered by BidaskClub

BidaskClub downgraded shares of Zillow Group, Inc. (NASDAQ:Z) from a buy rating to a hold rating in a research note published on Monday, July 24th.

A number of other brokerages have also recently issued reports on Z. Needham & Company LLC reiterated a buy rating and issued a $48.00 price objective (up from $41.00) on shares of Zillow Group in a report on Friday, May 5th. Cowen and Company upped their price target on shares of Zillow Group from $37.00 to $40.00 and gave the company a market perform rating in a report on Monday, May 15th. Zacks Investment Research upgraded shares of Zillow Group from a sell rating to a hold rating in a report on Wednesday, May 17th. Benchmark Co. restated a buy rating and set a $55.00 price target on shares of Zillow Group in a report on Sunday, July 2nd. Finally, Stifel Nicolaus restated a buy rating and set a $54.50 price target (up from $46.00) on shares of Zillow Group in a report on Friday, June 30th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. Zillow Group currently has a consensus rating of Hold and an average target price of $46.06.

Shares of Zillow Group (NASDAQ:Z) opened at 38.64 on Monday. The stock has a 50 day moving average price of $44.87 and a 200-day moving average price of $40.51. The stock’s market capitalization is $7.17 billion. Zillow Group has a 52-week low of $31.22 and a 52-week high of $51.23.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings results on Tuesday, August 8th. The financial services provider reported ($0.12) earnings per share for the quarter. Zillow Group had a negative return on equity of 0.40% and a negative net margin of 4.47%. The company had revenue of $266.85 million during the quarter. On average, equities research analysts anticipate that Zillow Group will post $0.52 EPS for the current fiscal year.

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In other news, insider Errol G. Samuelson sold 1,691 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $39.62, for a total value of $66,997.42. Following the sale, the insider now directly owns 98,984 shares of the company’s stock, valued at approximately $3,921,746.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Vice Chairman Lloyd D. Frink sold 13,600 shares of the company’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $44.50, for a total transaction of $605,200.00. Following the completion of the sale, the insider now directly owns 4,498,008 shares in the company, valued at $200,161,356. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 232,230 shares of company stock valued at $10,547,807. 26.97% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in Z. State Street Corp increased its stake in Zillow Group by 3.2% in the first quarter. State Street Corp now owns 1,882,809 shares of the financial services provider’s stock worth $63,392,000 after buying an additional 59,060 shares during the period. BlackRock Inc. raised its position in shares of Zillow Group by 1,820.7% in the first quarter. BlackRock Inc. now owns 5,473,739 shares of the financial services provider’s stock worth $184,301,000 after buying an additional 5,188,752 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Zillow Group by 5.8% in the first quarter. Principal Financial Group Inc. now owns 10,971 shares of the financial services provider’s stock worth $369,000 after buying an additional 597 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Zillow Group by 1.4% in the first quarter. Clearbridge Investments LLC now owns 1,181,098 shares of the financial services provider’s stock worth $39,768,000 after buying an additional 16,056 shares in the last quarter. Finally, Morgan Stanley raised its position in shares of Zillow Group by 34.3% in the first quarter. Morgan Stanley now owns 3,004,921 shares of the financial services provider’s stock worth $101,176,000 after buying an additional 767,765 shares in the last quarter. Institutional investors own 89.98% of the company’s stock.

Analyst Recommendations for Zillow Group (NASDAQ:Z)

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