Zillow Group, Inc. (NASDAQ:ZG – Get Free Report) has received a consensus recommendation of “Hold” from the twenty-five research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $53.14.
A number of analysts have commented on ZG shares. Deutsche Bank Aktiengesellschaft set a $80.00 price objective on shares of Zillow Group in a research note on Monday, August 24th. Susquehanna cut their price target on shares of Zillow Group from $50.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Zacks Research downgraded shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Wells Fargo & Company decreased their price objective on shares of Zillow Group from $46.00 to $35.00 and set an “equal weight” rating for the company in a research note on Friday, August 7th. Finally, BTIG Research reiterated a “neutral” rating on shares of Zillow Group in a research report on Thursday, June 11th.
Read Our Latest Stock Analysis on ZG
Zillow Group Stock Down 1.5%
Zillow Group (NASDAQ:ZG – Get Free Report) last announced its earnings results on Wednesday, August 5th. The technology company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.44 by $0.08. Zillow Group had a return on equity of 2.32% and a net margin of 1.96%.The business had revenue of $772.00 million during the quarter, compared to the consensus estimate of $758.25 million. During the same period in the prior year, the business posted $0.40 earnings per share. Zillow Group’s revenue was up 17.9% compared to the same quarter last year. On average, equities research analysts anticipate that Zillow Group will post 0.89 EPS for the current fiscal year.
Insider Activity
In other Zillow Group news, CEO Jeremy Wacksman sold 9,339 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $34.18, for a total transaction of $319,207.02. Following the completion of the sale, the chief executive officer directly owned 138,574 shares in the company, valued at approximately $4,736,459.32. This trade represents a 6.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Errol G. Samuelson sold 3,154 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $34.24, for a total value of $107,992.96. Following the completion of the transaction, the insider owned 130,885 shares in the company, valued at $4,481,502.40. This represents a 2.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 38,539 shares of company stock valued at $1,323,800 in the last ninety days. Corporate insiders own 29.88% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ZG. Technology Crossover Management XI Ltd. purchased a new stake in Zillow Group in the 2nd quarter worth approximately $73,694,895. Norges Bank acquired a new position in shares of Zillow Group in the fourth quarter worth $152,050,000. Independent Franchise Partners LLP raised its holdings in shares of Zillow Group by 1.1% during the fourth quarter. Independent Franchise Partners LLP now owns 2,024,556 shares of the technology company’s stock worth $138,135,000 after acquiring an additional 21,862 shares in the last quarter. Kahn Brothers Group Inc. acquired a new stake in Zillow Group during the second quarter valued at $37,265,000. Finally, Dimensional Fund Advisors LP grew its stake in Zillow Group by 18.2% in the first quarter. Dimensional Fund Advisors LP now owns 554,460 shares of the technology company’s stock valued at $22,947,000 after purchasing an additional 85,367 shares in the last quarter. 20.32% of the stock is owned by hedge funds and other institutional investors.
About Zillow Group
Zillow Group, Inc is a digital real estate company that operates online marketplaces and technology platforms for consumers and real estate professionals. Its flagship Zillow platform provides property listings, home-value estimates, neighborhood information, mortgage resources and tools that help people buy, sell, rent and finance homes.
The company’s portfolio also includes Trulia, StreetEasy, HotPads and Zillow Rentals, which serve home shoppers and renters in markets across the United States.
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