Zillow Group (Z) Lowered to “Neutral” at UBS Group

UBS Group lowered shares of Zillow Group (NASDAQ:Z) to a neutral rating in a research report report published on Wednesday, The Fly reports.

Other equities research analysts have also issued research reports about the stock. ValuEngine upgraded shares of Zillow Group from a hold rating to a buy rating in a report on Tuesday, September 4th. BidaskClub lowered shares of Zillow Group from a strong-buy rating to a buy rating in a report on Wednesday, August 1st. Morgan Stanley raised their price target on shares of Zillow Group from $50.00 to $54.00 and gave the stock an equal weight rating in a research note on Wednesday, July 11th. Zelman & Associates assumed coverage on shares of Zillow Group in a research note on Friday, November 2nd. They issued a hold rating on the stock. Finally, Bank of America downgraded shares of Zillow Group from a buy rating to a neutral rating in a research note on Tuesday, August 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $49.34.

Shares of NASDAQ:Z traded down $0.58 during midday trading on Wednesday, reaching $29.41. 10,495,588 shares of the company were exchanged, compared to its average volume of 2,068,334. Zillow Group has a one year low of $29.00 and a one year high of $65.70. The company has a debt-to-equity ratio of 0.14, a quick ratio of 8.13 and a current ratio of 8.18. The firm has a market cap of $8.30 billion, a price-to-earnings ratio of 196.07 and a beta of 0.63.

Zillow Group (NASDAQ:Z) last released its quarterly earnings data on Tuesday, November 6th. The financial services provider reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.14). Zillow Group had a negative net margin of 7.94% and a positive return on equity of 0.06%. The business had revenue of $343.09 million for the quarter.

In related news, CEO Spencer M. Rascoff sold 57,518 shares of Zillow Group stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $46.95, for a total value of $2,700,470.10. Following the completion of the sale, the chief executive officer now directly owns 68,200 shares in the company, valued at approximately $3,201,990. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Spencer M. Rascoff sold 58,050 shares of Zillow Group stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $47.66, for a total transaction of $2,766,663.00. Following the completion of the sale, the chief executive officer now owns 70,050 shares of the company’s stock, valued at $3,338,583. The disclosure for this sale can be found here. Insiders sold a total of 184,375 shares of company stock worth $8,525,002 over the last 90 days. Company insiders own 21.72% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. LPL Financial LLC acquired a new stake in Zillow Group during the 1st quarter valued at approximately $420,000. Royal Bank of Canada lifted its stake in Zillow Group by 125.9% during the 1st quarter. Royal Bank of Canada now owns 3,381 shares of the financial services provider’s stock valued at $182,000 after acquiring an additional 16,423 shares during the period. WINTON GROUP Ltd acquired a new stake in Zillow Group during the 1st quarter valued at approximately $201,000. DnB Asset Management AS acquired a new stake in Zillow Group during the 2nd quarter valued at approximately $622,000. Finally, IFM Investors Pty Ltd acquired a new stake in Zillow Group during the 2nd quarter valued at approximately $295,000. Institutional investors own 60.53% of the company’s stock.

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 consumers 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.

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