Wells Fargo & Company Upgrades Zillow Group (NASDAQ:Z) to Hold

Zillow Group (NASDAQ:Z) was upgraded by Wells Fargo & Company to a “hold” rating in a report released on Monday,Zacks.com reports.

Z has been the topic of several other reports. Baird R W raised Zillow Group to a “hold” rating in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft boosted their target price on Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Morgan Stanley boosted their target price on Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Finally, Wedbush reissued an “outperform” rating and issued a $100.00 target price on shares of Zillow Group in a report on Wednesday, February 12th. Eight equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $81.71.

Zillow Group Stock Down 0.5 %

NASDAQ Z opened at $65.93 on Monday. Zillow Group has a twelve month low of $38.45 and a twelve month high of $89.39. The firm has a market capitalization of $15.99 billion, a PE ratio of -140.28, a P/E/G ratio of 9.24 and a beta of 2.19. The stock’s 50 day moving average is $69.24 and its 200 day moving average is $73.30.

Zillow Group (NASDAQ:Z) last released its quarterly earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. On average, research analysts anticipate that Zillow Group will post 0.32 earnings per share for the current year.

Insider Activity at Zillow Group

In related news, CFO Jeremy Hofmann sold 23,388 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $84.98, for a total value of $1,987,512.24. Following the completion of the sale, the chief financial officer now directly owns 99,362 shares of the company’s stock, valued at approximately $8,443,782.76. This represents a 19.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Jun Choo sold 55,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the sale, the chief operating officer now owns 86,853 shares in the company, valued at approximately $6,790,167.54. The trade was a 38.77 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 97,307 shares of company stock worth $7,732,490. 23.76% of the stock is owned by insiders.

Institutional Investors Weigh In On Zillow Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. TKG Advisors LLC raised its position in shares of Zillow Group by 5.7% during the first quarter. TKG Advisors LLC now owns 71,482 shares of the financial services provider’s stock valued at $4,901,000 after buying an additional 3,874 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Zillow Group during the first quarter valued at approximately $1,598,000. J.Safra Asset Management Corp bought a new stake in shares of Zillow Group during the first quarter valued at approximately $228,000. G&S Capital LLC raised its position in shares of Zillow Group by 132.2% during the first quarter. G&S Capital LLC now owns 33,933 shares of the financial services provider’s stock valued at $2,326,000 after buying an additional 19,319 shares during the last quarter. Finally, Goodman Advisory Group LLC bought a new stake in shares of Zillow Group during the first quarter valued at approximately $742,000. Institutional investors own 71.01% of the company’s stock.

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.