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Main » Zillow Group, Inc. (NASDAQ:Z) Rating Reiterated by Cowen and Company

Zillow Group, Inc. (NASDAQ:Z) Rating Reiterated by Cowen and Company

12 August 2017

Institutional investors own 26.82% of the company's stock. World Asset Management Inc bought a new stake in shares of Zillow Group during the second quarter worth $221,000. Caledonia Private Investments Pty Ltd now owns 13,360,188 shares of the technology company's stock valued at $451,708,000 after buying an additional 225,096 shares during the last quarter. Gillespie Robinson & Grimm Inc. purchased a new stake in shares of Zillow Group during the second quarter worth about $204,000. Meeder Asset Management Inc. now owns 9,142 shares of the financial services provider's stock valued at $308,000 after buying an additional 8,376 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Zillow Group by 0.6% in the second quarter. Mitsubishi Ufj Trust & Banking Corp now owns 61,068 shares valued at $2,983,000. Mitsubishi Ufj Trust & Banking Corp downsized its holdings by shedding 2,010 shares a decrease of 3.2% from 03/31/2017 to 06/30/2017. Finally, Aperio Group LLC bought a new stake in shares of Zillow Group during the second quarter valued at approximately $218,000. Ltd. now owns 17,087 shares of the financial services provider's stock valued at $575,000 after buying an additional 290 shares during the last quarter. (NASDAQ:ZG) opened at 40.71 on Friday. The firm has a 50-day moving average of $46.17 and a 200 day moving average of $40.38.

The market capitalization of Zillow Group, Inc.is at $5.36 Billion.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings results on Tuesday, August 8th. The technology company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.11. The business had revenue of $266.85 million during the quarter, compared to analyst estimates of $262.21 million.

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Zillow Group, Inc. on 6/29/2017 reported its EPS as $0.17 with the analysts projecting the EPS of the stock as $0.13. On average, equities research analysts expect that Zillow Group will post $0.50 earnings per share for the current year.

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Z has been the topic of several recent research reports. Finally, Cowen and Company reiterated a "hold" rating on shares of Zillow Group in a research note on Friday, July 14th.

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Insider Trades for Zillow Group, Inc. show that the latest trade was made on 31 Jul 2017 where BOHUTINSKY AMY C, the Chief Operating Officer completed a transaction type "Buy" in which 43000 shares were traded at a price of $10.99. Research Firm Zacks boosted Zillow Group from a "sell" recommendation to a "hold" recommendation in a analysis note on early Wed, May 17th. Stifel Nicolaus reaffirmed a "buy" rating and set a $54.50 target price (up previously from $46.00) on shares of Zillow Group in a research note on Friday, June 30th.

Zillow Group, Inc. (Z) holds floating shares of 120.04 million and 122.92 million outstanding shares. Shares of the company are trading at $40.50 which is well below $46.41, the 50 day moving average and which is just over the 200 day moving average of $40.35. The shares were sold at an average price of $45.23, for a total value of $6,648,810.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The stock was unloaded at a price range of of $43.34, amounting $5,207,127.64. after the closing of the transaction the CEO has an ownership of 120,146 stocks in the company, assessed at roughly $5,207,127.64. Following the completion of the sale, the insider now directly owns 3,750 shares in the company, valued at $170,850. The disclosure for this sale can be found here. State of Wisconsin Investment Board now owns 605,427 shares of the technology company's stock valued at $29,569,000 after buying an additional 283,536 shares during the last quarter.

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