Morgan Stanley Maintains Zillow Group – Class C to Overweight with Price Target $40.00

Brokerage firm Morgan Stanley Maintains its rating on Zillow Group – Class C(NASDAQ:Z). In a research note issued to the investors, the brokerage major Raises the price-target to $40.00 per share. The shares have been rated Overweight. The rating by Morgan Stanley was issued on Jul 14, 2016.

In a different note, On May 4, 2016, Cowen & Company said it Upgrades its rating on Zillow Group – Class C. The shares have been rated ‘Market Perform’ by the firm. On May 3, 2016, Benchmark said it Maintains its rating on Zillow Group – Class C. In the research note, the firm Raises the price-target to $33.00 per share. The shares have been rated ‘Buy’ by the firm.

Zillow Group – Class C (Z) made into the market gainers list on Mondays trading session with the shares advancing 0.94% or 0.35 points. Due to strong positive momentum, the stock ended at $37.63, which is also near the day’s high of $37.69. The stock began the session at $37.06 and the volume stood at 5,93,263 shares. The 52-week high of the shares is $85.23 and the 52 week low is $15.36. The company has a current market capitalization of $6,741 M and it has 17,91,37,140 shares in outstanding.

Zillow Group – Class C(Z) last announced its earnings results on May 3, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $185.98M. Analysts had an estimated revenue of $176.10M. Earnings per share were $-0.13. Analysts had estimated an EPS of $-0.09.

Several Insider Transactions has been reported to the SEC. On May 21, 2015, Spencer M Rascoff (Chief Executive Officer) sold 400 shares at $95.19 per share price.Also, On May 21, 2015, Paul M. Levine (President of Trulia, Inc.) sold 9,542 shares at $95.26 per share price.On May 15, 2015, Peter Flint (director) sold 11,792 shares at $94.73 per share price, according to the Form-4 filing with the securities and exchange commission.

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