Zillow Group (NASDAQ:Z) Upgraded at Cantor Fitzgerald

Zillow Group (NASDAQ:Z) was upgraded by research analysts at Cantor Fitzgerald to a “hold” rating in a report released on Thursday, Zacks.com reports.

A number of other analysts have also commented on Z. Deutsche Bank Aktiengesellschaft increased their price objective on Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, August 9th. UBS Group upgraded shares of Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Wedbush reissued a “neutral” rating and issued a $50.00 price objective on shares of Zillow Group in a research report on Thursday, August 8th. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research report on Thursday, August 8th. Finally, Craig Hallum upgraded Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Zillow Group has an average rating of “Moderate Buy” and a consensus target price of $57.20.

Zillow Group Stock Down 0.4 %

Z stock opened at $53.61 on Thursday. Zillow Group has a 52 week low of $33.80 and a 52 week high of $61.13. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.11. The company has a market cap of $12.41 billion, a P/E ratio of -77.70 and a beta of 1.94. The company’s 50-day moving average price is $50.57 and its 200 day moving average price is $48.17.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings data on Wednesday, August 7th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.13. The firm had revenue of $572.00 million during the quarter, compared to analysts’ expectations of $539.74 million. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. On average, research analysts expect that Zillow Group will post -0.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Jay C. Hoag acquired 816,866 shares of the business’s stock in a transaction on Monday, June 10th. The shares were bought at an average cost of $43.14 per share, with a total value of $35,239,599.24. Following the completion of the transaction, the director now directly owns 1,185,540 shares of the company’s stock, valued at approximately $51,144,195.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Jay C. Hoag acquired 816,866 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were bought at an average price of $43.14 per share, for a total transaction of $35,239,599.24. Following the completion of the purchase, the director now directly owns 1,185,540 shares of the company’s stock, valued at approximately $51,144,195.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Susan Daimler sold 5,907 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $47.74, for a total transaction of $282,000.18. Following the completion of the transaction, the insider now owns 29,665 shares of the company’s stock, valued at $1,416,207.10. The disclosure for this sale can be found here. Insiders sold a total of 200,971 shares of company stock worth $10,314,285 over the last ninety days. 23.76% of the stock is owned by company insiders.

Institutional Trading of Zillow Group

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of Zillow Group by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 21,313,573 shares of the financial services provider’s stock valued at $1,039,676,000 after acquiring an additional 176,449 shares during the last quarter. Capital World Investors increased its stake in Zillow Group by 2.8% during the first quarter. Capital World Investors now owns 8,846,232 shares of the financial services provider’s stock valued at $431,519,000 after purchasing an additional 238,554 shares during the last quarter. Dorsal Capital Management LP raised its holdings in shares of Zillow Group by 59.8% during the second quarter. Dorsal Capital Management LP now owns 3,100,000 shares of the financial services provider’s stock worth $143,809,000 after purchasing an additional 1,160,000 shares during the period. Greencape Capital Pty Ltd lifted its position in shares of Zillow Group by 93.0% in the 1st quarter. Greencape Capital Pty Ltd now owns 1,632,790 shares of the financial services provider’s stock worth $79,647,000 after buying an additional 786,600 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Zillow Group by 5.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,475,559 shares of the financial services provider’s stock valued at $85,376,000 after buying an additional 80,529 shares during the period. 71.01% of the stock is owned by institutional investors and hedge funds.

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.