Shares of Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) traded up 4% on Thursday . The stock traded as high as $71.69 and last traded at $71.61. 161,916 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 577,381 shares. The stock had previously closed at $68.85.
Analyst Upgrades and Downgrades
ZG has been the subject of a number of analyst reports. Baird R W raised Zillow Group to a "hold" rating in a research report on Friday, January 31st. DA Davidson boosted their price target on Zillow Group from $75.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. KeyCorp lowered their target price on Zillow Group from $95.00 to $85.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 18th. Cantor Fitzgerald increased their price objective on shares of Zillow Group from $62.00 to $70.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Finally, Canaccord Genuity Group boosted their price target on shares of Zillow Group from $64.00 to $86.00 and gave the stock a "hold" rating in a research note on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $82.25.
View Our Latest Report on ZG
Zillow Group Price Performance
The firm's 50 day moving average price is $74.99 and its two-hundred day moving average price is $70.08. The firm has a market cap of $17.54 billion, a price-to-earnings ratio of -153.83, a P/E/G ratio of 8.90 and a beta of 2.33.
Zillow Group (NASDAQ:ZG - Get Free Report) last issued 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 return on equity of 2.12% and a negative net margin of 5.01%. On average, analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current year.
Insider Buying and Selling at Zillow Group
In other Zillow Group news, CFO Jeremy Hofmann sold 1,612 shares of the business's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $84.98, for a total value of $136,987.76. Following the transaction, the chief financial officer now owns 99,362 shares in the company, valued at $8,443,782.76. The trade was a 1.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Jennifer Rock sold 5,796 shares of the company's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $75.50, for a total transaction of $437,598.00. Following the completion of the sale, the chief accounting officer now owns 51,370 shares in the company, valued at approximately $3,878,435. This trade represents a 10.14 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 96,065 shares of company stock worth $7,660,165. Insiders own 17.14% of the company's stock.
Institutional Trading of Zillow Group
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Zillow Group in the 4th quarter valued at approximately $27,000. Blue Trust Inc. raised its position 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 acquired a new stake in shares of Zillow Group in the 4th quarter valued at $47,000. Assetmark Inc. grew its position in Zillow Group by 18,875.0% during the 4th quarter. Assetmark Inc. now owns 759 shares of the technology company's stock worth $54,000 after acquiring an additional 755 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its position in Zillow Group by 24.0% in the 4th quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company's stock valued at $58,000 after acquiring an additional 159 shares in the last quarter. Institutional investors and hedge funds own 20.32% of the company's stock.
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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