Zillow Group (NASDAQ:Z – Get Rating) had its price objective lifted by stock analysts at Jefferies Financial Group from $48.00 to $50.00 in a report released on Thursday, The Fly reports. Jefferies Financial Group’s price objective would indicate a potential upside of 41.96% from the stock’s previous close.
Zscaler, Inc Is About To Scale A New All-Time High
Separately, Morgan Stanley reduced their price target on Zillow Group from $42.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, August 18th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.75.
Zillow Group Trading Up 5.1 %
Shares of NASDAQ:Z opened at $35.22 on Thursday. The business’s 50 day moving average price is $35.31 and its 200-day moving average price is $41.27. The company has a debt-to-equity ratio of 0.36, a current ratio of 12.65 and a quick ratio of 12.57. The firm has a market capitalization of $8.68 billion, a price-to-earnings ratio of -15.79 and a beta of 1.42. Zillow Group has a 1 year low of $28.61 and a 1 year high of $104.05.
Zillow Group Is Ready To Rocket Higher
Zillow Group (NASDAQ:Z – Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The financial services provider reported $0.06 earnings per share for the quarter. The company had revenue of $1.01 billion for the quarter. Zillow Group had a negative return on equity of 8.08% and a negative net margin of 5.19%.
Insider Buying and Selling at Zillow Group
In other news, insider Susan Daimler sold 5,315 shares of Zillow Group stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $39.52, for a total value of $210,048.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO Jennifer Rock sold 3,486 shares of Zillow Group stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $36.43, for a total value of $126,994.98. Following the completion of the transaction, the chief accounting officer now owns 78,069 shares in the company, valued at approximately $2,844,053.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Susan Daimler sold 5,315 shares of Zillow Group stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $39.52, for a total value of $210,048.80. The disclosure for this sale can be found here. Insiders sold a total of 23,704 shares of company stock valued at $855,963 in the last three months. 15.30% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Zillow Group
Several institutional investors have recently added to or reduced their stakes in Z. Raymond James & Associates lifted its stake in Zillow Group by 46.6% during the fourth quarter. Raymond James & Associates now owns 56,638 shares of the financial services provider’s stock worth $3,616,000 after purchasing an additional 17,997 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Zillow Group by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 661,674 shares of the financial services provider’s stock valued at $42,239,000 after buying an additional 36,036 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Zillow Group by 4.7% in the fourth quarter. Principal Financial Group Inc. now owns 22,386 shares of the financial services provider’s stock valued at $1,429,000 after buying an additional 1,008 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in Zillow Group by 1.7% in the fourth quarter. Teacher Retirement System of Texas now owns 32,851 shares of the financial services provider’s stock valued at $2,098,000 after buying an additional 551 shares during the last quarter. Finally, Rafferty Asset Management LLC lifted its stake in Zillow Group by 268.6% in the fourth quarter. Rafferty Asset Management LLC now owns 32,380 shares of the financial services provider’s stock valued at $2,067,000 after buying an additional 23,596 shares during the last quarter. Hedge funds and other institutional investors own 70.83% of the company’s stock.
Zillow Group Company Profile
Zillow Group, Inc, a digital real estate company, operates real estate brands on mobile applications and Websites in the United States. The company operates through three segments: Homes; Internet, Media & Technology; and Mortgages. The Homes segment is involved in resale of homes; and title and escrow services to home buyers and sellers, including title search procedures for title insurance policies, escrow, and other closing services.