Zillow Group (NASDAQ:ZG - Free Report) had its price target raised by DA Davidson from $75.00 to $90.00 in a report issued on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the technology company's stock.
Several other analysts also recently issued reports on the company. Stephens reissued an "overweight" rating and issued a $73.00 price target on shares of Zillow Group in a research note on Wednesday. Evercore ISI lifted their price objective on shares of Zillow Group from $75.00 to $90.00 and gave the company an "outperform" rating in a report on Wednesday. Benchmark boosted their price objective on shares of Zillow Group from $80.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday, February 5th. The Goldman Sachs Group raised their target price on shares of Zillow Group from $42.00 to $47.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Finally, JMP Securities boosted their price target on shares of Zillow Group from $82.00 to $92.00 and gave the stock a "market outperform" rating in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $83.00.
View Our Latest Stock Analysis on Zillow Group
Zillow Group Price Performance
Shares of NASDAQ:ZG traded up $1.49 during trading on Wednesday, hitting $76.89. 721,245 shares of the company's stock traded hands, compared to its average volume of 355,962. The company has a 50-day moving average price of $75.58 and a 200-day moving average price of $66.12. Zillow Group has a 52 week low of $38.06 and a 52 week high of $86.58. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11.
Zillow Group (NASDAQ:ZG - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The technology company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. Equities analysts expect that Zillow Group will post -0.42 EPS for the current year.
Insiders Place Their Bets
In other news, insider Errol G. Samuelson sold 17,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $73.57, for a total transaction of $1,250,690.00. Following the transaction, the insider now owns 22,739 shares in the company, valued at approximately $1,672,908.23. This trade represents a 42.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dan Spaulding sold 4,565 shares of the business's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $86.22, for a total value of $393,594.30. Following the completion of the sale, the insider now owns 58,217 shares of the company's stock, valued at $5,019,469.74. This trade represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,838 shares of company stock valued at $6,619,079 over the last ninety days. 17.14% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Zillow Group
Hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new position in Zillow Group in the 4th quarter valued at $165,326,000. Arrowstreet Capital Limited Partnership raised its stake in Zillow Group by 1,261.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 260,465 shares of the technology company's stock valued at $18,454,000 after purchasing an additional 241,331 shares in the last quarter. Virtu Financial LLC lifted its position in Zillow Group by 101.3% during the fourth quarter. Virtu Financial LLC now owns 420,255 shares of the technology company's stock worth $29,775,000 after purchasing an additional 211,482 shares during the period. Raymond James Financial Inc. acquired a new stake in Zillow Group during the fourth quarter worth about $14,916,000. Finally, Cynosure Group LLC bought a new position in Zillow Group in the 3rd quarter valued at about $12,248,000. 20.32% of the stock is owned by institutional investors.
About Zillow Group
(
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Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.
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