Evercore ISI Increases Zillow Group (NASDAQ:ZG) Price Target to $90.00

Zillow Group (NASDAQ:ZG - Free Report) had its target price raised by Evercore ISI from $75.00 to $90.00 in a report released on Wednesday,Benzinga reports. They currently have an outperform rating on the technology company's stock.

Several other equities analysts also recently issued reports on ZG. DA Davidson boosted their price objective on Zillow Group from $75.00 to $80.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Canaccord Genuity Group upped their target price on Zillow Group from $64.00 to $86.00 and gave the stock a "hold" rating in a research report on Monday, December 2nd. Craig Hallum upped their target price on Zillow Group from $70.00 to $95.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. The Goldman Sachs Group upped their target price on Zillow Group from $42.00 to $47.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Finally, Benchmark upped their target price on Zillow Group from $80.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $83.00.

Zillow Group Stock Performance

Shares of NASDAQ:ZG traded up $1.49 during trading on Wednesday, hitting $76.89. 721,245 shares of the company traded hands, compared to its average volume of 355,962. The business's fifty day moving average is $75.58 and its 200-day moving average is $66.12. Zillow Group has a one year low of $38.06 and a one year high of $86.58. 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 posted its earnings results on Tuesday, February 11th. The technology company reported ($0.22) 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 predict that Zillow Group will post -0.42 earnings per share for the current fiscal year.

Insider Buying and Selling at Zillow Group

In other news, insider Errol G. Samuelson sold 17,000 shares of the company'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 transaction, the insider now directly owns 22,739 shares of the company's stock, valued at approximately $1,672,908.23. This represents a 42.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Jun Choo sold 10,000 shares of the company's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $75.10, for a total transaction of $751,000.00. Following the completion of the transaction, the chief operating officer now directly owns 88,130 shares in the company, valued at $6,618,563. This trade represents a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,838 shares of company stock valued at $6,619,079 in the last three months. 17.14% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Zillow Group

Hedge funds have recently modified their holdings of the stock. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Zillow Group in the fourth quarter worth $27,000. Blue Trust Inc. boosted its holdings in Zillow Group by 70.2% in the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock worth $30,000 after purchasing an additional 172 shares in the last quarter. Asset Dedication LLC bought a new stake in Zillow Group in the fourth quarter worth $47,000. Assetmark Inc. boosted its holdings in Zillow Group by 18,875.0% in the fourth quarter. Assetmark Inc. now owns 759 shares of the technology company's stock worth $54,000 after purchasing an additional 755 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in Zillow Group by 24.0% in the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company's stock worth $58,000 after purchasing an additional 159 shares in the last quarter. 20.32% of the stock is owned by institutional investors and hedge funds.

Zillow Group Company Profile

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.