Zillow Group (NASDAQ:ZG) Given New $80.00 Price Target at Susquehanna

Zillow Group (NASDAQ:ZG - Free Report) had its target price upped by Susquehanna from $75.00 to $80.00 in a report published on Thursday morning,Benzinga reports. They currently have a neutral rating on the technology company's stock.

Several other equities analysts have also commented on ZG. Cantor Fitzgerald upped their target price on Zillow Group from $62.00 to $70.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Baird R W upgraded Zillow Group to a "hold" rating in a research note on Friday, January 31st. Bank of America upped their price target on Zillow Group from $81.00 to $84.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Stephens restated an "overweight" rating and set a $73.00 price target on shares of Zillow Group in a research note on Wednesday, February 12th. Finally, Craig Hallum upped their target price on Zillow Group from $70.00 to $95.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $83.00.

Zillow Group Price Performance

ZG traded up $1.49 during trading on Thursday, reaching $76.89. 721,245 shares of the stock were exchanged, compared to its average volume of 355,962. The business's 50 day moving average price is $75.58 and its two-hundred day moving average price is $66.25. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. The company has a market capitalization of $17.96 billion, a price-to-earnings ratio of -134.89, a P/E/G ratio of 15.65 and a beta of 2.09. Zillow Group has a 1 year low of $38.06 and a 1 year high of $86.58.

Zillow Group (NASDAQ:ZG - Get Free Report) last posted its earnings results on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. As a group, equities research analysts anticipate that Zillow Group will post -0.42 earnings per share for the current year.

Insider Activity at Zillow Group

In other Zillow Group news, CAO Jennifer Rock sold 5,796 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total transaction of $437,598.00. Following the completion of the transaction, the chief accounting officer now directly owns 51,370 shares of the company's stock, valued at approximately $3,878,435. This trade represents a 10.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction, the insider now directly owns 22,739 shares of the company's stock, valued at approximately $1,672,908.23. The trade was a 42.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,838 shares of company stock worth $6,619,079 in the last three months. 17.14% of the stock is owned by company insiders.

Institutional Investors Weigh In On Zillow Group

Several large investors have recently modified their holdings of ZG. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Zillow Group in the fourth quarter worth approximately $27,000. Blue Trust Inc. boosted its holdings in shares of Zillow Group by 70.2% during the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock worth $30,000 after purchasing an additional 172 shares during the period. Asset Dedication LLC acquired a new stake in shares of Zillow Group during the fourth quarter worth approximately $47,000. Assetmark Inc. boosted its holdings in shares of Zillow Group by 18,875.0% during the fourth quarter. Assetmark Inc. now owns 759 shares of the technology company's stock worth $54,000 after purchasing an additional 755 shares during the period. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Zillow Group by 24.0% during the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company's stock worth $58,000 after purchasing an additional 159 shares during the period. 20.32% of the stock is owned by institutional investors.

About Zillow Group

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.