Zillow Group (NASDAQ:ZG - Get Free Report) was upgraded by investment analysts at Keefe, Bruyette & Woods to a "hold" rating in a report released on Friday,Zacks.com reports.
Other equities research analysts also recently issued reports about the stock. Susquehanna boosted their price objective on Zillow Group from $75.00 to $80.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. 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, February 12th. Piper Sandler dropped their target price on Zillow Group from $93.00 to $90.00 and set an "overweight" rating for the company in a report on Wednesday, February 12th. Stephens reaffirmed an "overweight" rating and set a $73.00 price target on shares of Zillow Group in a research report on Wednesday, February 12th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $88.00 price objective on shares of Zillow Group in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Zillow Group presently has an average rating of "Moderate Buy" and an average price target of $82.25.
View Our Latest Stock Analysis on Zillow Group
Zillow Group Stock Down 0.5 %
NASDAQ:ZG opened at $66.86 on Friday. The firm has a market capitalization of $16.22 billion, a price-to-earnings ratio of -142.26, a price-to-earnings-growth ratio of 8.90 and a beta of 2.33. Zillow Group has a twelve month low of $38.06 and a twelve month high of $86.58. The stock's 50 day moving average price is $74.68 and its two-hundred day moving average price is $70.77.
Zillow Group (NASDAQ:ZG - Get Free Report) last posted its quarterly 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 return on equity of 2.12% and a negative net margin of 5.01%. As a group, analysts anticipate that Zillow Group will post 0.32 earnings per share for the current year.
Insider Buying and Selling at Zillow Group
In other news, CFO Jeremy Hofmann sold 1,612 shares of the company'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 sale, the chief financial officer now directly owns 99,362 shares of the company's stock, valued at approximately $8,443,782.76. This represents a 1.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Jennifer Rock sold 5,796 shares of Zillow Group stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total transaction of $437,598.00. Following the transaction, the chief accounting officer now directly owns 51,370 shares of the company's stock, valued at $3,878,435. This represents a 10.14 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 98,919 shares of company stock worth $7,869,478. 17.14% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Zillow Group
Institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can grew its holdings in shares of Zillow Group by 85.1% during the third quarter. Bank of Montreal Can now owns 140,252 shares of the technology company's stock valued at $8,903,000 after buying an additional 64,473 shares during the last quarter. PEAK6 Investments LLC purchased a new position in Zillow Group during the 3rd quarter worth $424,000. Walleye Capital LLC bought a new stake in shares of Zillow Group in the 3rd quarter worth $212,000. Maven Securities LTD purchased a new stake in shares of Zillow Group in the third quarter valued at about $891,000. Finally, Pinpoint Asset Management Ltd bought a new position in shares of Zillow Group during the third quarter valued at about $95,000. Institutional investors and hedge funds own 20.32% of the company's stock.
About Zillow Group
(
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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