In today’s recent session, 6.76 million shares of the Zillow Group Inc (NASDAQ:Z) have been traded, and its beta is 2.26. Most recently the company’s share price was $75.89, and it changed around -$10.43 or -12.08% from the last close, which brings the market valuation of the company to $17.61B. Z at last check was trading at a discount to its 52-week high of $89.39, offering almost -17.79% off that amount. The share price’s 52-week low was $38.45, which indicates that the recent value has risen by an impressive 49.33% since then. We note from Zillow Group Inc’s average daily trading volume that its 10-day average is 2.53 million shares, with the 3-month average coming to 2.53 million.
Zillow Group Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.03. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 3 recommended Z as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight.
Zillow Group Inc (NASDAQ:Z) trade information
Instantly Z has been showing red trend so far today with a performance of -12.08% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 89.39 on recent trading dayincreased the stock’s daily price by 15.1%. The company’s shares are currently up 2.49% year-to-date, but still down -11.65% over the last five days. On the other hand, Zillow Group Inc (NASDAQ:Z) is 7.15% up in the 30-day period. We can see from the shorts that 11.27 million shares have been sold at a short interest cover period of 4.8 day(s).
The consensus price target as assigned by Wall Street analysts is $41, which translates to bulls needing to decrease their stock price by -85.1% from its current value. Analyst projections state that Z is forecast to be at a low of $33 and a high of $50.
Zillow Group Inc (Z) estimates and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -2.24%. Zillow Group Inc earnings are expected to increase by 28.91% in 2025, but the outlook is positive 31.45% per year for the next five years.
Zillow Group Inc (NASDAQ:Z)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 5.92% of Zillow Group Inc shares, and 95.64% of them are in the hands of institutional investors. The stock currently has a share float of 101.66%. Zillow Group Inc stock is held by 675.0 institutions, with CALEDONIA (PRIVATE) INVESTMENTS PTY LTD being the largest institutional investor. By 2024-06-30, it held 15.4449% of the shares, which is about 36.25 million shares worth $1.68 billion.
VANGUARD GROUP INC, with 9.2232% or 21.65 million shares worth $1.0 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Specialized-Real Estate Index Fund and Growth Fund of America Inc were the top two Mutual Funds as of Oct 31, 2024. The former held 6.19 shares worth $470.93 million, making up 3.58% of all outstanding shares. On the other hand, Growth Fund of America Inc held roughly 5.37 shares worth around $408.34 million, which represents about 3.10% of the total shares outstanding.
