Zillow Group (NASDAQ:ZG) PT Raised to $80.00

Zillow Group (NASDAQ:ZG - Free Report) had its price objective raised by UBS Group from $70.00 to $80.00 in a research note published on Tuesday morning, Benzinga reports. UBS Group currently has a buy rating on the technology company's stock.

A number of other brokerages also recently commented on ZG. Evercore ISI increased their price target on shares of Zillow Group from $50.00 to $55.00 and gave the company an "outperform" rating in a report on Thursday, August 8th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $47.00 price objective on shares of Zillow Group in a research note on Monday, October 7th. Barclays lifted their target price on Zillow Group from $35.00 to $36.00 and gave the stock an "underweight" rating in a report on Thursday, August 8th. DA Davidson increased their price target on Zillow Group from $52.00 to $71.00 and gave the company a "buy" rating in a report on Wednesday, September 25th. Finally, Craig Hallum raised their price target on Zillow Group from $51.00 to $55.00 and gave the stock a "buy" rating in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Zillow Group has a consensus rating of "Moderate Buy" and an average target price of $61.53.

Zillow Group Price Performance

NASDAQ ZG traded down $2.19 on Tuesday, reaching $58.66. The company had a trading volume of 406,828 shares, compared to its average volume of 625,167. The firm's 50 day moving average price is $57.80 and its 200 day moving average price is $49.02. Zillow Group has a 12 month low of $33.23 and a 12 month high of $66.75. The stock has a market capitalization of $13.85 billion, a PE ratio of -86.09 and a beta of 2.01. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:ZG - Get Free Report) last issued its earnings results on Wednesday, August 7th. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.08. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. The firm had revenue of $572.00 million for the quarter, compared to analysts' expectations of $538.36 million. During the same period in the previous year, the firm posted ($0.05) earnings per share. The business's revenue was up 13.0% compared to the same quarter last year. As a group, equities analysts predict that Zillow Group will post -0.33 earnings per share for the current year.

Insider Activity

In other news, Director Thielke Claire Cormier sold 2,826 shares of the company's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $61.11, for a total transaction of $172,696.86. Following the transaction, the director now directly owns 2,826 shares of the company's stock, valued at approximately $172,696.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Zillow Group news, Chairman Lloyd D. Frink sold 150,000 shares of the business's stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $50.83, for a total transaction of $7,624,500.00. Following the sale, the chairman now owns 582 shares of the company's stock, valued at approximately $29,583.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Thielke Claire Cormier sold 2,826 shares of the firm's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $61.11, for a total transaction of $172,696.86. Following the completion of the transaction, the director now directly owns 2,826 shares of the company's stock, valued at approximately $172,696.86. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 221,999 shares of company stock worth $11,780,363. Corporate insiders own 17.14% of the company's stock.

Hedge Funds Weigh In On Zillow Group

Several hedge funds have recently made changes to their positions in ZG. Edgestream Partners L.P. boosted its holdings in shares of Zillow Group by 140.6% in the 1st quarter. Edgestream Partners L.P. now owns 20,735 shares of the technology company's stock valued at $992,000 after acquiring an additional 12,116 shares during the last quarter. US Bancorp DE grew its position in Zillow Group by 42.6% during the 1st quarter. US Bancorp DE now owns 246,020 shares of the technology company's stock worth $11,775,000 after purchasing an additional 73,504 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in shares of Zillow Group during the 1st quarter valued at about $1,597,000. Russell Investments Group Ltd. lifted its holdings in shares of Zillow Group by 148.6% in the 1st quarter. Russell Investments Group Ltd. now owns 31,934 shares of the technology company's stock valued at $1,528,000 after buying an additional 19,087 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in shares of Zillow Group by 24.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 49,569 shares of the technology company's stock worth $2,233,000 after buying an additional 9,828 shares during the last quarter. 20.32% of the stock is owned by institutional investors and hedge funds.

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.