William Blair Begins Coverage on Zillow Group (NASDAQ:ZG)

Equities research analysts at William Blair started coverage on shares of Zillow Group (NASDAQ:ZG - Get Free Report) in a research note issued to investors on Monday, MarketBeat Ratings reports. The firm set a "market perform" rating on the technology company's stock.

ZG has been the topic of a number of other reports. Benchmark boosted their target price on shares of Zillow Group from $80.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, February 5th. Keefe, Bruyette & Woods raised shares of Zillow Group to a "hold" rating in a research report on Friday, March 28th. Royal Bank of Canada restated an "outperform" rating and set a $88.00 price objective on shares of Zillow Group in a research note on Wednesday, February 12th. Baird R W upgraded shares of Zillow Group to a "hold" rating in a research report on Friday, January 31st. Finally, DA Davidson restated a "buy" rating and issued a $90.00 target price on shares of Zillow Group in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $81.05.

Zillow Group Stock Up 2.3 %

Zillow Group stock traded up $1.42 during mid-day trading on Monday, hitting $63.20. 335,569 shares of the company's stock were exchanged, compared to its average volume of 574,574. The firm has a market capitalization of $15.33 billion, a P/E ratio of -134.47, a PEG ratio of 8.90 and a beta of 2.22. The company's 50 day simple moving average is $68.36 and its 200-day simple moving average is $70.64. Zillow Group has a fifty-two week low of $38.06 and a fifty-two week high of $86.58.

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 (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. Research analysts expect that Zillow Group will post 0.32 EPS for the current year.

Insider Activity

In other news, insider Errol G. Samuelson sold 6,967 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total value of $541,475.24. Following the transaction, the insider now owns 127,467 shares in the company, valued at $9,906,735.24. The trade was a 5.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jeremy Hofmann sold 23,388 shares of the firm's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $84.98, for a total value of $1,987,512.24. Following the sale, the chief financial officer now directly owns 99,362 shares of the company's stock, valued at approximately $8,443,782.76. This represents a 19.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 98,919 shares of company stock worth $7,869,478 in the last three months. Company insiders own 17.14% of the company's stock.

Institutional Investors Weigh In On Zillow Group

Hedge funds have recently modified their holdings of the stock. Pilgrim Partners Asia Pte Ltd purchased a new position in Zillow Group during the 4th quarter valued at about $27,000. Blue Trust Inc. boosted its position in Zillow Group by 70.2% during the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock valued at $30,000 after buying an additional 172 shares during the period. Salem Investment Counselors Inc. bought a new stake in Zillow Group in the first quarter valued at approximately $42,000. CX Institutional bought a new position in Zillow Group during the 1st quarter valued at approximately $46,000. Finally, Asset Dedication LLC bought a new stake in Zillow Group in the fourth quarter valued at $47,000. Institutional investors own 20.32% 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.