Zillow Group (Z) Downgraded by BidaskClub

BidaskClub cut shares of Zillow Group (NASDAQ:Z) from a hold rating to a sell rating in a research report released on Saturday.

Z has been the topic of several other research reports. Benchmark reaffirmed a buy rating and issued a $55.00 price target on shares of Zillow Group in a report on Thursday, October 5th. Canaccord Genuity raised their price target on Zillow Group from $52.00 to $53.00 and gave the company a buy rating in a report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. Zillow Group has a consensus rating of Hold and a consensus price target of $47.44.

Shares of Zillow Group (NASDAQ Z) opened at $40.92 on Friday. The stock has a market capitalization of $7,728.77, a PE ratio of -177.91 and a beta of 0.86. The company has a debt-to-equity ratio of 0.14, a quick ratio of 6.44 and a current ratio of 6.44. Zillow Group has a 1-year low of $32.56 and a 1-year high of $51.23.

In other Zillow Group news, CEO Spencer M. Rascoff sold 141,500 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $39.54, for a total value of $5,594,910.00. Following the completion of the sale, the chief executive officer now owns 73,279 shares in the company, valued at approximately $2,897,451.66. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Vice Chairman Lloyd D. Frink sold 13,600 shares of the stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $41.04, for a total value of $558,144.00. Following the completion of the sale, the insider now owns 4,416,408 shares of the company’s stock, valued at approximately $181,249,384.32. The disclosure for this sale can be found here. Insiders have sold a total of 612,156 shares of company stock worth $24,712,800 over the last quarter. Corporate insiders own 21.72% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tybourne Capital Management HK Ltd. lifted its stake in shares of Zillow Group by 53.5% in the 2nd quarter. Tybourne Capital Management HK Ltd. now owns 3,575,189 shares of the financial services provider’s stock valued at $175,220,000 after purchasing an additional 1,246,189 shares during the period. Caledonia Private Investments Pty Ltd lifted its stake in shares of Zillow Group by 4.6% in the 3rd quarter. Caledonia Private Investments Pty Ltd now owns 27,970,511 shares of the financial services provider’s stock valued at $1,124,694,000 after purchasing an additional 1,229,407 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Zillow Group by 5,641.9% in the 2nd quarter. Janus Henderson Group PLC now owns 597,159 shares of the financial services provider’s stock valued at $29,267,000 after purchasing an additional 586,759 shares during the period. Vanguard Group Inc. lifted its stake in shares of Zillow Group by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 8,449,585 shares of the financial services provider’s stock valued at $414,114,000 after purchasing an additional 179,802 shares during the period. Finally, AXA purchased a new position in shares of Zillow Group in the 2nd quarter valued at approximately $8,407,000. Institutional investors and hedge funds own 58.00% of the company’s stock.

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About Zillow Group

Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable people find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

Analyst Recommendations for Zillow Group (NASDAQ:Z)

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