Stephens Reiterates "Overweight" Rating for Zillow Group (NASDAQ:ZG)

Zillow Group (NASDAQ:ZG - Get Free Report)'s stock had its "overweight" rating restated by stock analysts at Stephens in a research note issued on Wednesday,Benzinga reports. They presently have a $73.00 price objective on the technology company's stock. Stephens' price objective indicates a potential downside of 5.06% from the company's previous close.

Several other analysts have also recently weighed in on the company. JMP Securities raised their price target on Zillow Group from $82.00 to $92.00 and gave the company a "market outperform" rating in a report on Monday, December 16th. Piper Sandler lowered their target price on shares of Zillow Group from $93.00 to $90.00 and set an "overweight" rating on the stock in a research note on Wednesday. Evercore ISI boosted their price target on shares of Zillow Group from $75.00 to $90.00 and gave the stock an "outperform" rating in a research note on Wednesday. Benchmark raised their price objective on shares of Zillow Group from $80.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, February 5th. Finally, The Goldman Sachs Group upped their target price on shares of Zillow Group from $42.00 to $47.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued 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 $83.00.

Zillow Group Price Performance

Shares of ZG stock traded up $1.49 during trading hours on Wednesday, reaching $76.89. The stock had a trading volume of 721,245 shares, compared to its average volume of 355,962. The stock's fifty day simple moving average is $75.58 and its 200 day simple moving average is $66.12. Zillow Group has a 12 month low of $38.06 and a 12 month high of $86.58. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13.

Zillow Group (NASDAQ:ZG - Get Free Report) last announced its quarterly 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, analysts expect that Zillow Group will post -0.42 EPS for the current year.

Insider Buying and Selling

In related news, insider Errol G. Samuelson sold 17,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the insider now owns 22,739 shares in the company, valued at $1,672,908.23. This represents a 42.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jun Choo sold 10,000 shares of Zillow Group stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $75.10, for a total transaction of $751,000.00. Following the completion of the sale, the chief operating officer now owns 88,130 shares in the company, valued at approximately $6,618,563. This trade represents a 10.19 % decrease in their position. 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 over the last three months. 17.14% of the stock is owned by company insiders.

Hedge Funds Weigh In On Zillow Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. O Shaughnessy Asset Management LLC raised its holdings in Zillow Group by 13.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,191 shares of the technology company's stock worth $84,000 after purchasing an additional 138 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Zillow Group by 24.0% during 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 during the period. Blue Trust Inc. lifted its position in Zillow Group by 70.2% during the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock valued at $30,000 after acquiring an additional 172 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new stake in Zillow Group during the fourth quarter worth about $27,000. Finally, Creative Planning grew its holdings in Zillow Group by 7.2% in the third quarter. Creative Planning now owns 6,537 shares of the technology company's stock worth $405,000 after purchasing an additional 439 shares during the period. Hedge funds and other 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.