Zillow Group (NASDAQ:Z) Shares Up 4.1% – Time to Buy?

Zillow Group, Inc. (NASDAQ:Z) shot up 4.1% on Thursday . The company traded as high as $73.63 and last traded at $73.46. 1,490,982 shares were traded during mid-day trading, a decline of 55% from the average session volume of 3,329,938 shares. The stock had previously closed at $70.57.

Analyst Upgrades and Downgrades

Several research firms recently commented on Z. Baird R W raised shares of Zillow Group to a “hold” rating in a report on Friday, January 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Morgan Stanley raised their target price on Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Wedbush restated an “outperform” rating and issued a $100.00 price objective on shares of Zillow Group in a research report on Wednesday, February 12th. Finally, KeyCorp upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $82.00.

Zillow Group Trading Up 0.4 %

The company has a market cap of $17.28 billion, a P/E ratio of -151.60, a price-to-earnings-growth ratio of 9.24 and a beta of 2.27. The company’s fifty day moving average is $77.57 and its 200 day moving average is $72.34.

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

Insider Buying and Selling at Zillow Group

In other news, COO Jun Choo sold 1,277 shares of Zillow Group stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total value of $99,248.44. Following the sale, the chief operating officer now directly owns 86,853 shares in the company, valued at approximately $6,750,215.16. This trade represents a 1.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jennifer Rock sold 5,796 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $75.50, for a total value of $437,598.00. Following the transaction, the chief accounting officer now owns 51,370 shares of the company’s stock, valued at approximately $3,878,435. This represents a 10.14 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 96,065 shares of company stock worth $7,660,165. 23.76% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Zillow Group

A number of large investors have recently modified their holdings of Z. FMR LLC increased its holdings in shares of Zillow Group by 179.5% in the 3rd quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock worth $325,337,000 after purchasing an additional 3,272,118 shares in the last quarter. Groupama Asset Managment bought a new position in Zillow Group during the 3rd quarter valued at about $83,005,000. Caxton Associates LP purchased a new stake in shares of Zillow Group during the 4th quarter valued at about $51,835,000. Castle Hook Partners LP purchased a new position in shares of Zillow Group during the fourth quarter valued at approximately $49,887,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Zillow Group during the third quarter valued at approximately $38,310,000. Institutional investors own 71.01% of the company’s stock.

About Zillow Group

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.