Zillow Group Inc. [NASDAQ: Z] traded at a high on 09/16/21, posting a 2.00 gain after which it closed the day’ session at $92.88. The company report on September 16, 2021 that Buyers Take Note: Housing Market Easing from White Hot to Red Hot.
Slight softening in for-sale and rental markets spells relief for buyers and renters alike.
– Monthly home value appreciation slowed for the first time since January, though it remains at near-record levels.
The results of the trading session contributed to over 3560860 shares changing hands. Over the past one week, the price volatility of Zillow Group Inc. stands at 3.45% while the volatility over the past one month is 3.25%.
The market cap for Z stock reached $16.73 billion, with 180.10 million shares outstanding. Compared to the average trading volume of 3.22M shares, Z reached a trading volume of 3560860 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Zillow Group Inc. [Z]?
Standpoint Research have made an estimate for Zillow Group Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on August 03, 2020. The new note on the price target was released on June 08, 2020, representing the official price target for Zillow Group Inc. stock.
The Average True Range (ATR) for Zillow Group Inc. is set at 3.20, with the Price to Sales ratio for Z stock in the period of the last 12 months amounting to 4.21. The Price to Book ratio for the last quarter was 4.17.
How has Z stock performed recently?
Zillow Group Inc. [Z] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.29. With this latest performance, Z shares dropped by -0.31% in over the last four-week period, additionally sinking by -29.52% over the last 6 months – not to mention a drop of -2.21% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for Z stock in for the last two-week period is set at 41.65, with the RSI for the last a single of trading hit 42.20, and the three-weeks RSI is set at 41.64 for Zillow Group Inc. [Z]. The present Moving Average for the last 50 days of trading for this stock 101.60, while it was recorded at 92.43 for the last single week of trading, and 125.25 for the last 200 days.
Zillow Group Inc. [Z]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Zillow Group Inc. [Z] shares currently have an operating margin of +1.06 and a Gross Margin at +45.16. Zillow Group Inc.’s Net Margin is presently recorded at -4.85.
Return on Total Capital for Z is now 0.54, given the latest momentum, and Return on Invested Capital for the company is -2.76. Return on Equity for this stock declined to -3.97, with Return on Assets sitting at -2.38. When it comes to the capital structure of this company, Zillow Group Inc. [Z] has a Total Debt to Total Equity ratio set at 53.14. Additionally, Z Total Debt to Total Capital is recorded at 34.70, with Total Debt to Total Assets ending up at 33.66. Long-Term Debt to Equity for the company is recorded at 38.41, with the Long-Term Debt to Total Capital now at 25.08.
Reflecting on the efficiency of the workforce at the company, Zillow Group Inc. [Z] managed to generate an average of -$29,454 per employee. Receivables Turnover for the company is 48.78 with a Total Asset Turnover recorded at a value of 0.49.
Insider trade positions for Zillow Group Inc. [Z]
There are presently around $18,520 million, in the hands of institutional investors. The top three institutional holders of Z stocks are: CALEDONIA (PRIVATE) INVESTMENTS PTY LTD with ownership of 36,394,056, which is approximately 0% of the company’s market cap and around 8.94% of the total institutional ownership; MORGAN STANLEY, holding 13,708,198 shares of the stock with an approximate value of $1.27 billion in Z stocks shares; and VANGUARD GROUP INC, currently with $1.15 billion in Z stock with ownership of nearly 2.827% of the company’s market capitalization.
Positions in Zillow Group Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 292 institutional holders increased their position in Zillow Group Inc. [NASDAQ:Z] by around 15,292,481 shares. Additionally, 245 investors decreased positions by around 11,680,473 shares, while 69 investors held positions by with 172,424,662 shares. The mentioned changes placed institutional holdings at 199,397,616 shares, according to the latest SEC report filing. Z stock had 85 new institutional investments in for a total of 3,137,200 shares, while 82 institutional investors sold positions of 3,144,134 shares during the same period.