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Main » Cowen and Company Reiterates "Hold" Rating for Zillow Group, Inc. (NASDAQ:Z)

Cowen and Company Reiterates "Hold" Rating for Zillow Group, Inc. (NASDAQ:Z)

12 August 2017

Zillow Group (NASDAQ:Z) last posted its earnings results on Tuesday, August 8th. State Street Corp now owns 1,882,809 shares of the financial services provider's stock worth $63,392,000 after buying an additional 59,060 shares during the period. Aperio Group LLC bought a new stake in shares of Zillow Group during the second quarter valued at $218,000. The firm owned 692,958 shares of the financial services provider's stock after selling 282,681 shares during the period. Vanguard Group Inc. raised its position in shares of Zillow Group by 2.2% in the second quarter. BlackRock Inc. now owns 5,473,739 shares of the financial services provider's stock worth $184,301,000 after buying an additional 5,188,752 shares during the period. Finally, Meeder Asset Management Inc. boosted its stake in shares of Zillow Group by 1,093.5% in the first quarter.

The Stock had a 1.8 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 2 and 2.14 respectively. UBS Group AG boosted its stake in Zillow Group by 1,595.6% in the first quarter. Morgan Stanley now owns 3,004,921 shares of the financial services provider's stock worth $101,176,000 after buying an additional 767,765 shares during the period.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ZG. The Zillow Group portfolio of consumer brands includes real estate and rental marketplaces Zillow, Trulia, StreetEasy, HotPads and Naked Apartments. Zillow Group has a 12-month low of $31.17 and a 12-month high of $50.91. The 50 day moving average moved down $-5.91 whereas the 200 day moving average was up $0.15 or +0.37%. Also, Chief Executive Officer Spencer M. Rascoff unloaded 120,146 stocks of the firm's shares in a trade that took place on Mon, May 15th.

Wal-Mart Stores, Inc. (WMT) Stake Decreased by Community Bank of Raymore
The rating was maintained by Morgan Stanley with "Equal-Weight" on Thursday, May 19. (WMT) in trading session dated Jun. 28, 2017. Cowen and Company set a $86.00 target price on Wal-Mart Stores and gave the company a "buy" rating in a research note on Monday.

Shares of Zillow Group (NASDAQ:ZG) opened at 40.35 on Wednesday. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. The business had revenue of $266.85 million during the quarter, compared to analysts' expectations of $262.21 million.

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 analysts expect that Zillow Group will post $0.48 EPS for the current fiscal year. If you are reading this story on another site, it was stolen and republished in violation of US & worldwide trademark & copyright laws. The correct version of this story can be viewed at https://www.chaffeybreeze.com/2017/08/12/zillow-group-inc-nasdaqz-receives-hold-rating-from-cowen-and-company-updated-updated-updated.html.

ZG has been the subject of several recent analyst reports.

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Zillow Group, Inc. (NASDAQ:Z) noted the recent trading activity with the Dropped of -7.09% and traded at $40.50. Finally, Bank of America Corporation restated a "buy" rating and set a $53.00 target price (up previously from $45.00) on shares of Zillow Group in a research report on Wednesday, June 21st. Susquehanna Bancshares Inc reissued a neutral rating on shares of Zillow Group in a research report on Wednesday, May 17th. Lastly, Needham & Company reiterated a "buy" recommendation and fixed a $48.00 target price (up from $41.00) on stocks of Zillow Group in a study note published on Fri, May 5th. The stock has an average rating of "Hold" and an average price target of $46.06. Also, insider Errol G. Samuelson sold 7,050 shares of Zillow Group stock in a transaction that occurred on Tuesday, June 27th. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The stock was sold at an average price of $44.50, for a total transaction of $605,200.00. The stock was unloaded at a price range of of $43.94, amounting $1,311,784.76. after the sale, the CEO has an ownership of 120,146 company stock worth at $5,279,215.24. The disclosure for this sale can be found here. Highbridge Capital Management LLC now owns 15,860 shares of the technology company's stock worth $578,000 after buying an additional 26,960 shares in the last quarter.

Here are a few additional firms who have increased or decreased their stake in (Z).

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