DA Davidson Boosts Zillow Group (NASDAQ:ZG) Price Target to $80.00

Zillow Group (NASDAQ:ZG - Get Free Report) had its target price upped by DA Davidson from $75.00 to $80.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the technology company's stock. DA Davidson's price target points to a potential upside of 17.20% from the stock's previous close.

Several other research analysts have also recently commented on ZG. Canaccord Genuity Group increased their price target on Zillow Group from $64.00 to $86.00 and gave the company a "hold" rating in a research report on Monday, December 2nd. JMP Securities increased their price objective on Zillow Group from $82.00 to $92.00 and gave the company a "market outperform" rating in a report on Monday, December 16th. UBS Group boosted their target price on shares of Zillow Group from $70.00 to $80.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Wedbush upgraded shares of Zillow Group from a "neutral" rating to an "outperform" rating and increased their price target for the company from $50.00 to $80.00 in a research note on Monday, September 16th. Finally, The Goldman Sachs Group lifted their price objective 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $73.00.

Zillow Group Trading Down 2.0 %

Shares of NASDAQ ZG traded down $1.41 during midday trading on Wednesday, reaching $68.26. 570,605 shares of the stock were exchanged, compared to its average volume of 422,461. Zillow Group has a 12 month low of $38.06 and a 12 month high of $83.67. The company has a market capitalization of $15.94 billion, a price-to-earnings ratio of -119.75 and a beta of 2.09. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. The business has a 50-day simple moving average of $73.50 and a two-hundred day simple moving average of $60.45.

Zillow Group (NASDAQ:ZG - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. The business had revenue of $581.00 million during the quarter, compared to analyst estimates of $555.45 million. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. Zillow Group's quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.12) EPS. As a group, equities research analysts expect that Zillow Group will post -0.34 EPS for the current year.

Insider Buying and Selling at Zillow Group

In related news, insider Errol G. Samuelson sold 17,000 shares of the business's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $73.57, for a total value of $1,250,690.00. Following the sale, the insider now owns 22,739 shares of the company's stock, valued at $1,672,908.23. The trade was a 42.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Susan Daimler sold 3,694 shares of the firm's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $273,282.12. Following the transaction, the insider now directly owns 18,770 shares of the company's stock, valued at approximately $1,388,604.60. This represents a 16.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 139,689 shares of company stock worth $10,395,879 over the last quarter. Corporate insiders own 17.14% of the company's stock.

Hedge Funds Weigh In On Zillow Group

A number of hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc bought a new position in Zillow Group during the fourth quarter worth $72,000. JPMorgan Chase & Co. boosted its position in shares of Zillow Group by 155.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 33,258 shares of the technology company's stock worth $2,060,000 after purchasing an additional 20,238 shares in the last quarter. Virtu Financial LLC boosted its position in shares of Zillow Group by 132.1% during the 3rd quarter. Virtu Financial LLC now owns 208,773 shares of the technology company's stock worth $12,929,000 after purchasing an additional 118,830 shares in the last quarter. Synergy Financial Group LTD acquired a new stake in shares of Zillow Group in the 3rd quarter valued at about $271,000. Finally, Geode Capital Management LLC increased its position in Zillow Group by 3.3% in 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 buying an additional 32,766 shares in the last quarter. Institutional investors own 20.32% of the company's stock.

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.