Analysts Set Zillow Group, Inc. (NASDAQ:ZG) Price Target at $83.00

Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) has earned an average rating of "Moderate Buy" from the twenty-one research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $83.00.

A number of equities analysts recently issued reports on ZG shares. Stephens reissued an "overweight" rating and issued a $73.00 price target on shares of Zillow Group in a research note on Wednesday, February 12th. The Goldman Sachs Group raised their price target on shares of Zillow Group from $42.00 to $47.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. DA Davidson raised their price target on shares of Zillow Group from $75.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Bank of America raised their price target on shares of Zillow Group from $81.00 to $84.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Finally, KeyCorp raised shares of Zillow Group from a "sector weight" rating to an "overweight" rating and set a $100.00 price target for the company in a research report on Monday, February 3rd.

Zillow Group Stock Down 4.2 %

Shares of Zillow Group stock traded down $3.16 during trading on Thursday, reaching $72.29. 399,898 shares of the stock were exchanged, compared to its average volume of 558,531. The stock's fifty day moving average is $75.43 and its 200 day moving average is $66.85. The firm has a market cap of $16.88 billion, a price-to-earnings ratio of -153.67, a price-to-earnings-growth ratio of 9.04 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 released its quarterly earnings results on Tuesday, February 11th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. Equities analysts forecast that Zillow Group will post 0.32 earnings per share for the current year.

Insider Buying and Selling at Zillow Group

In other news, insider Dan Spaulding sold 4,565 shares of the company's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $86.22, for a total value of $393,594.30. Following the completion of the sale, the insider now owns 58,217 shares of the company's stock, valued at approximately $5,019,469.74. This represents a 7.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jeremy Hofmann sold 23,388 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $84.98, for a total transaction of $1,987,512.24. Following the completion of the sale, the chief financial officer now directly owns 99,362 shares of the company's stock, valued at $8,443,782.76. The trade was a 19.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,838 shares of company stock valued at $4,617,389 in the last three months. Company insiders own 17.14% of the company's stock.

Institutional Investors Weigh In On Zillow Group

Several hedge funds have recently modified their holdings of the business. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Zillow Group during the 4th quarter worth approximately $27,000. Blue Trust Inc. raised its stake in shares of Zillow Group by 70.2% during the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock worth $30,000 after acquiring an additional 172 shares in the last quarter. Asset Dedication LLC bought a new position in shares of Zillow Group during the 4th quarter worth approximately $47,000. Assetmark Inc. raised its stake in shares of Zillow Group by 18,875.0% during the 4th quarter. Assetmark Inc. now owns 759 shares of the technology company's stock worth $54,000 after acquiring an additional 755 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in shares of Zillow Group by 24.0% during the 4th quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company's stock worth $58,000 after acquiring an additional 159 shares in the last quarter. Hedge funds and other 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.