Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday after Benchmark raised their price target on the stock from $80.00 to $100.00. Benchmark currently has a buy rating on the stock. Zillow Group traded as high as $84.18 and last traded at $83.90, with a volume of 28710 shares. The stock had previously closed at $83.10.
Several other brokerages have also recently weighed in on ZG. Susquehanna raised their target price on shares of Zillow Group from $55.00 to $75.00 and gave the company a "neutral" rating in a report on Monday, November 11th. Baird R W upgraded Zillow Group to a "hold" rating in a research note on Friday, January 31st. JMP Securities upped their price objective on Zillow Group from $82.00 to $92.00 and gave the stock a "market outperform" rating in a research report on Monday, December 16th. KeyCorp raised Zillow Group from a "sector weight" rating to an "overweight" rating and set a $100.00 target price on the stock in a research report on Monday, February 3rd. Finally, Craig Hallum lifted their price target on shares of Zillow Group from $70.00 to $95.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, Zillow Group presently has an average rating of "Moderate Buy" and a consensus price target of $78.00.
Read Our Latest Research Report on ZG
Insider Activity
In related news, insider Susan Daimler sold 3,694 shares of the firm's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total value of $273,282.12. Following the completion of the sale, the insider now owns 18,770 shares in the company, valued at $1,388,604.60. This trade represents a 16.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Bradley D. Owens sold 1,212 shares of the company's stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total transaction of $89,663.76. Following the transaction, the general counsel now owns 31,739 shares in the company, valued at $2,348,051.22. The trade was a 3.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 164,689 shares of company stock valued at $12,520,379 over the last quarter. Corporate insiders own 17.14% of the company's stock.
Hedge Funds Weigh In On Zillow Group
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Great Lakes Advisors LLC lifted its stake in shares of Zillow Group by 2.8% during the 4th quarter. Great Lakes Advisors LLC now owns 228,934 shares of the technology company's stock worth $16,220,000 after purchasing an additional 6,319 shares during the period. HighTower Advisors LLC boosted its stake in Zillow Group by 59.1% in the 4th quarter. HighTower Advisors LLC now owns 8,995 shares of the technology company's stock worth $637,000 after buying an additional 3,341 shares during the last quarter. Daiwa Securities Group Inc. purchased a new stake in Zillow Group in the 4th quarter valued at about $63,000. AlphaQuest LLC increased its stake in shares of Zillow Group by 75,860.0% during the 4th quarter. AlphaQuest LLC now owns 7,596 shares of the technology company's stock valued at $538,000 after acquiring an additional 7,586 shares during the last quarter. Finally, Lisanti Capital Growth LLC purchased a new position in shares of Zillow Group during the 4th quarter worth about $992,000. Institutional investors and hedge funds own 20.32% of the company's stock.
Zillow Group Stock Performance
The company's fifty day moving average price is $75.62 and its two-hundred day moving average price is $65.14. The firm has a market capitalization of $19.92 billion, a PE ratio of -149.63, a price-to-earnings-growth ratio of 15.65 and a beta of 2.09. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13.
About Zillow Group
(
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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.
Further Reading
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