Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) shares saw strong trading volume on Tuesday . 615,355 shares were traded during trading, an increase of 48% from the previous session's volume of 414,430 shares.The stock last traded at $83.70 and had previously closed at $85.29.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the company. 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 report on Monday, February 3rd. Cantor Fitzgerald upped their price objective on Zillow Group from $62.00 to $70.00 and gave the company a "neutral" rating in a report on Wednesday. Piper Sandler decreased their price objective on Zillow Group from $93.00 to $90.00 and set an "overweight" rating on the stock in a report on Wednesday. Bank of America upped their price objective on Zillow Group from $81.00 to $84.00 and gave the company a "neutral" rating in a report on Wednesday. Finally, Stephens reaffirmed an "overweight" rating and issued a $73.00 price objective on shares of Zillow Group in a report on Wednesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $83.00.
Check Out Our Latest Analysis on ZG
Zillow Group Stock Performance
The business has a 50-day moving average price of $75.58 and a 200-day moving average price of $66.12. The firm has a market capitalization of $17.96 billion, a price-to-earnings ratio of -134.89, a P/E/G ratio of 15.65 and a beta of 2.09. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11.
Zillow Group (NASDAQ:ZG - Get Free Report) last released its earnings results on Tuesday, February 11th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. As a group, sell-side analysts forecast that Zillow Group, Inc. will post -0.42 earnings per share for the current year.
Insider Activity at Zillow Group
In other news, insider Dan Spaulding sold 4,565 shares of Zillow Group stock in a transaction on Friday, November 29th. The shares were sold at an average price of $86.22, for a total transaction of $393,594.30. Following the completion of the sale, the insider now directly owns 58,217 shares of the company's stock, valued at approximately $5,019,469.74. The trade was a 7.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Errol G. Samuelson sold 17,000 shares of Zillow Group stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $73.57, for a total transaction of $1,250,690.00. Following the sale, the insider now directly owns 22,739 shares of the company's stock, valued at approximately $1,672,908.23. This trade represents a 42.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 82,838 shares of company stock valued at $6,619,079. 17.14% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Zillow Group
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank purchased a new position in Zillow Group during the fourth quarter worth about $165,326,000. Arrowstreet Capital Limited Partnership raised its holdings in Zillow Group by 1,261.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 260,465 shares of the technology company's stock worth $18,454,000 after purchasing an additional 241,331 shares in the last quarter. Virtu Financial LLC raised its holdings in Zillow Group by 101.3% during the fourth quarter. Virtu Financial LLC now owns 420,255 shares of the technology company's stock worth $29,775,000 after purchasing an additional 211,482 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Zillow Group during the fourth quarter worth about $14,916,000. Finally, Cynosure Group LLC purchased a new position in Zillow Group during the third quarter worth about $12,248,000. 20.32% of the stock is owned by hedge funds and other institutional investors.
Zillow Group Company Profile
(
Get Free Report)
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.
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