Zillow Group, Inc. (NASDAQ:Z) has a beta value of 0 and has seen 1,625,689 shares traded in the recent trading session. The company, currently valued at $31.1 Billion, closed the recent trade at $126.46 per share which meant it lost -$3.66 on the day or -2.81% during that session. The Z stock price is -64.57% off its 52-week high price of $208.11 and 73.84% above the 52-week low of $33.08. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.85 Million shares traded. The 3-month trading volume is 3.79 Million shares.
The consensus among analysts is that Zillow Group, Inc. (Z) is an Overweight stock at the moment, with a recommendation rating of 2.2. 1 analysts rate the stock as a Sell, while none rate it as Overweight. 6 out of 22 have rated it as a Hold, with 13 advising it as a Buy. 2 have rated the stock as Underweight. The expected earnings per share for the stock is $0.24.
Zillow Group, Inc. (NASDAQ:Z) trade information
Despite being -2.81% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Apr 27 when the Z stock price touched $142.8 or saw a rise of 11.58%. Year-to-date, Zillow Group, Inc. shares have moved -2.72%, while the 5-day performance has seen it change -10.57%. Over the past 30 days, the shares of Zillow Group, Inc. (NASDAQ:Z) have changed -5.35%. Short interest in the company has seen 20.84 Million shares shorted with days to cover at 5.5.
Wall Street analysts have a consensus price target for the stock at $198.94, which means that the shares’ value could jump 57.31% from the levels at last check today. The projected low price target is $105 while the price target rests at a high of $250. In that case, then, we find that the latest price level in today’s session is +97.69% off the targeted high while a plunge would see the stock lose -16.97% from the levels at last check today.
Zillow Group, Inc. (Z) estimates and forecasts
Figures show that Zillow Group, Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +45.13% over the past 6 months. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 196% and 217.6% for the next quarter. Revenue growth from the last financial year stood is estimated to be +64.1%.
17 analysts offering their estimates for the company have set an average revenue estimate of $1.1 Billion for the current quarter. 17 have an estimated revenue figure of $1.29 Billion for the next quarter concluding in June 01, 2021. Year-ago sales stood $1.13 Billion and $611.7 Million respectively for this quarter and the next, and analysts expect sales will grow by -2.1% for the current quarter and 111.6% for the next.
Earnings growth for 2021 is a modest +104.5%.
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Zillow Group, Inc. (NASDAQ:Z)’s Major holders
Insiders own 9.55% of the company shares, while shares held by institutions stand at 112.41% with a share float percentage of 124.28%. Investors are also buoyed by the number of investors in a company, with Zillow Group, Inc. having a total of 703 institutions that hold shares in the company. The top two institutional holders are Caledonia (Private) Investments Pty Ltd with over 36.39 Million shares worth more than $4.72 Billion. As of December 30, 2020, Caledonia (Private) Investments Pty Ltd held 20.24% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 11.79 Million shares as of December 30, 2020. The firm’s total holdings are worth over $1.53 Billion and represent 6.56% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are ARK ETF Tr-ARK Innovation ETF and JP Morgan Large Cap Growth Fund. As of March 30, 2021, the former fund manager holds about 3.58% shares in the company for having 6439785 shares of worth $834.85 Million while later fund manager owns 3.52 Million shares of worth $459.69 Million as of January 30, 2021, which makes it owner of about 1.96% of company’s outstanding stock.