Zillow Group, Inc. (NASDAQ:ZG) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twenty-one analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $82.25.

ZG has been the subject of several recent analyst reports. Craig Hallum boosted their target price on Zillow Group from $70.00 to $95.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Bank of America boosted their target price on Zillow Group from $81.00 to $84.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Piper Sandler decreased their target price on Zillow Group from $93.00 to $90.00 and set an "overweight" rating for the company in a research note on Wednesday, February 12th. UBS Group boosted their target price on Zillow Group from $90.00 to $98.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Finally, JMP Securities boosted their target price on Zillow Group from $82.00 to $92.00 and gave the stock a "market outperform" rating in a research note on Monday, December 16th.

Insider Buying and Selling at Zillow Group

In other news, COO Jun Choo sold 55,000 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $78.18, for a total value of $4,299,900.00. Following the sale, the chief operating officer now directly owns 86,853 shares in the company, valued at $6,790,167.54. This represents a 38.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jennifer Rock sold 5,796 shares of the company's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $75.50, for a total value of $437,598.00. Following the completion of the sale, the chief accounting officer now owns 51,370 shares in the company, valued at $3,878,435. This represents a 10.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 96,065 shares of company stock valued at $7,660,165. Insiders own 17.14% of the company's stock.

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Institutional Trading of Zillow Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Pilgrim Partners Asia Pte Ltd purchased a new position in Zillow Group during the fourth quarter worth about $27,000. Blue Trust Inc. lifted 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 worth $30,000 after buying an additional 172 shares during the period. Asset Dedication LLC purchased a new position in Zillow Group during the fourth quarter worth about $47,000. Assetmark Inc. lifted its position in 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 buying an additional 755 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in 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 buying an additional 159 shares during the period. 20.32% of the stock is currently owned by hedge funds and other institutional investors.

Zillow Group Price Performance

Shares of Zillow Group stock traded up $0.42 on Monday, reaching $69.27. 416,897 shares of the company were exchanged, compared to its average volume of 578,361. Zillow Group has a 1-year low of $38.06 and a 1-year high of $86.58. The company has a market cap of $16.80 billion, a P/E ratio of -147.38, a price-to-earnings-growth ratio of 8.90 and a beta of 2.33. The stock's 50 day moving average price is $74.94 and its 200-day moving average price is $69.72.

Zillow Group (NASDAQ:ZG - Get Free Report) last announced its quarterly earnings data 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 2.12% and a negative net margin of 5.01%. On average, research analysts predict that Zillow Group will post 0.32 earnings per share for the current fiscal year.

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.