Brokerages Set Zillow Group, Inc. (NASDAQ:Z) Price Target at $70.33

Zillow Group, Inc. (NASDAQ:Z - Get Free Report) has been assigned an average rating of "Moderate Buy" from the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $70.33.

Several equities research analysts recently issued reports on Z shares. Wedbush raised shares of Zillow Group from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $50.00 to $80.00 in a research note on Monday, September 16th. Bank of America lifted their target price on Zillow Group from $54.00 to $71.00 and gave the stock a "neutral" rating in a research report on Friday, October 18th. Jefferies Financial Group increased their price target on Zillow Group from $80.00 to $90.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Needham & Company LLC restated a "hold" rating on shares of Zillow Group in a report on Thursday, November 7th. Finally, Morgan Stanley increased their target price on Zillow Group from $46.00 to $60.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 2nd.

Zillow Group Trading Up 2.1 %

Z stock traded up $1.50 during midday trading on Friday, reaching $74.64. 2,154,405 shares of the company's stock traded hands, compared to its average volume of 2,138,052. 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 has a fifty-two week low of $38.45 and a fifty-two week high of $86.88. The business has a 50-day moving average price of $75.60 and a two-hundred day moving average price of $62.17. The company has a market capitalization of $17.43 billion, a P/E ratio of -130.95 and a beta of 2.02.

Insider Activity

In other Zillow Group news, General Counsel Bradley D. Owens sold 1,846 shares of Zillow Group stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $73.03, for a total value of $134,813.38. Following the transaction, the general counsel now owns 29,893 shares in the company, valued at approximately $2,183,085.79. The trade was a 5.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Susan Daimler sold 3,694 shares of Zillow Group stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $273,282.12. Following the completion of the transaction, the insider now directly owns 18,770 shares in the company, valued at $1,388,604.60. This represents a 16.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 139,689 shares of company stock worth $10,395,879 over the last three months. Corporate insiders own 23.76% of the company's stock.

Hedge Funds Weigh In On Zillow Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Larson Financial Group LLC lifted its stake in Zillow Group by 364.4% in the second quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 481 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Zillow Group by 400.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 400 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Zillow Group in the 3rd quarter valued at $35,000. Blue Trust Inc. lifted its stake in shares of Zillow Group by 66.3% in the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider's stock valued at $50,000 after purchasing an additional 313 shares during the last quarter. Finally, Quarry LP bought a new stake in Zillow Group in the second quarter worth $61,000. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

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.