Deutsche Bank Aktiengesellschaft Increases Zillow Group (NASDAQ:Z) Price Target to $95.00

Zillow Group (NASDAQ:Z - Free Report) had its target price boosted by Deutsche Bank Aktiengesellschaft from $90.00 to $95.00 in a research report report published on Tuesday morning. They currently have a buy rating on the financial services provider's stock.

Several other research analysts have also commented on the company. Morgan Stanley raised their price target on Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Monday, January 13th. KeyCorp raised Zillow Group from a "hold" rating to a "strong-buy" rating in a report on Sunday, February 2nd. Baird R W raised Zillow Group to a "hold" rating in a research report on Friday, January 31st. Jefferies Financial Group upped their target price on Zillow Group from $80.00 to $90.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Finally, Bank of America upped their price objective on Zillow Group from $54.00 to $71.00 and gave the company a "neutral" rating in a research note on Friday, October 18th. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $82.00.

Zillow Group Stock Up 1.6 %

Shares of Z stock traded up $1.26 during mid-day trading on Tuesday, hitting $79.97. The stock had a trading volume of 2,516,526 shares, compared to its average volume of 2,204,552. Zillow Group has a 12-month low of $38.45 and a 12-month high of $89.39. The firm has a market capitalization of $18.68 billion, a P/E ratio of -140.30, a price-to-earnings-growth ratio of 16.20 and a beta of 2.03. The firm's 50-day moving average is $78.64 and its two-hundred day moving average is $68.55. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13.

Zillow Group (NASDAQ:Z - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share for the quarter, missing analysts' consensus estimates 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%. On average, analysts predict that Zillow Group will post -0.42 earnings per share for the current fiscal year.

Insider Activity at Zillow Group

In other Zillow Group news, CAO Jennifer Rock sold 3,033 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $82.78, for a total transaction of $251,071.74. Following the sale, the chief accounting officer now owns 57,166 shares in the company, valued at approximately $4,732,201.48. This represents a 5.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Errol G. Samuelson sold 17,000 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $73.57, for a total value of $1,250,690.00. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders sold 82,838 shares of company stock valued at $6,619,079 in the last ninety days. Corporate insiders own 23.76% of the company's stock.

Institutional Investors Weigh In On Zillow Group

Several hedge funds have recently made changes to their positions in Z. Sanctuary Advisors LLC acquired a new stake in shares of Zillow Group during the second quarter worth $319,000. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Zillow Group by 400.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider's stock worth $32,000 after buying an additional 400 shares during the period. Creative Planning raised its position in shares of Zillow Group by 3.0% in the 3rd quarter. Creative Planning now owns 19,139 shares of the financial services provider's stock worth $1,222,000 after buying an additional 558 shares during the period. Cornerstone Wealth Management LLC purchased a new position in shares of Zillow Group in the 3rd quarter worth $213,000. Finally, Armstrong Fleming & Moore Inc purchased a new position in shares of Zillow Group in the 3rd quarter worth $240,000. Institutional investors and hedge funds own 71.01% of the company's stock.

Zillow Group Company Profile

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.