Zillow Group, Inc. (NASDAQ:ZG) Receives $82.25 Average Price Target from Brokerages

Shares of Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) have earned an average recommendation of "Moderate Buy" from the twenty-two analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and thirteen have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $81.05.

Several analysts recently weighed in on ZG shares. Stephens reissued an "overweight" rating and issued a $73.00 price objective on shares of Zillow Group in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods upgraded shares of Zillow Group to a "hold" rating in a research note on Friday, March 28th. Robert W. Baird initiated coverage on shares of Zillow Group in a research note on Friday, January 31st. They set a "neutral" rating and a $88.00 target price on the stock. Citigroup decreased their price target on shares of Zillow Group from $98.00 to $87.00 and set a "buy" rating for the company in a research note on Tuesday. Finally, KeyCorp reduced their target price on Zillow Group from $95.00 to $85.00 and set an "overweight" rating for the company in a research note on Tuesday, March 18th.

Insider Activity at Zillow Group

In other Zillow Group news, insider Errol G. Samuelson sold 6,967 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $541,475.24. Following the sale, the insider now directly owns 127,467 shares in the company, valued at $9,906,735.24. This represents a 5.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO David A. Beitel sold 2,025 shares of the company's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $77.75, for a total transaction of $157,443.75. Following the completion of the transaction, the chief technology officer now directly owns 151,046 shares in the company, valued at approximately $11,743,826.50. The trade was a 1.32 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 98,919 shares of company stock worth $7,869,478. Corporate insiders own 17.14% of the company's stock.

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Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ZG. Walleye Capital LLC bought a new position in Zillow Group during the 3rd quarter worth approximately $212,000. Quantinno Capital Management LP purchased a new position in shares of Zillow Group in the third quarter worth $325,000. State Street Corp raised its holdings in Zillow Group by 0.4% during the 3rd quarter. State Street Corp now owns 805,279 shares of the technology company's stock valued at $49,871,000 after buying an additional 2,832 shares during the last quarter. M&T Bank Corp bought a new position in shares of Zillow Group during the third quarter valued at about $258,000. Finally, Geode Capital Management LLC increased its holdings in Zillow Group by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company's stock valued at $63,523,000 after purchasing an additional 32,766 shares during the period. 20.32% of the stock is owned by institutional investors.

Zillow Group Trading Down 1.6 %

Zillow Group stock traded down $1.02 during midday trading on Friday, reaching $62.05. The company's stock had a trading volume of 26,587 shares, compared to its average volume of 577,104. The stock has a market cap of $15.05 billion, a PE ratio of -132.21, a price-to-earnings-growth ratio of 8.90 and a beta of 2.22. Zillow Group has a 52 week low of $38.06 and a 52 week high of $86.58. The business has a 50-day moving average price of $70.60 and a 200-day moving average price of $70.72.

Zillow Group (NASDAQ:ZG - Get Free Report) last released its quarterly earnings data 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%. As a group, research analysts predict that Zillow Group will post 0.32 EPS 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.