Susquehanna Boosts Zillow Group (NASDAQ:ZG) Price Target to $55.00

Zillow Group (NASDAQ:ZG) had its price target lifted by Susquehanna from $42.00 to $55.00 in a research note issued to investors on Monday morning, Benzinga reports. They currently have a neutral rating on the technology company’s stock.

ZG has been the topic of several other reports. Evercore ISI raised their target price on shares of Zillow Group from $50.00 to $55.00 and gave the stock an outperform rating in a research report on Thursday, August 8th. UBS Group increased their target price on Zillow Group from $68.00 to $70.00 and gave the stock a buy rating in a research report on Thursday, August 8th. DA Davidson reissued a buy rating and set a $52.00 price target on shares of Zillow Group in a research report on Tuesday, June 18th. JPMorgan Chase & Co. cut their price objective on Zillow Group from $65.00 to $61.00 and set an overweight rating on the stock in a report on Thursday, May 2nd. Finally, JMP Securities decreased their target price on Zillow Group from $68.00 to $62.00 and set a market outperform rating for the company in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $58.93.

Zillow Group Stock Up 1.5 %

ZG opened at $49.84 on Monday. Zillow Group has a one year low of $33.23 and a one year high of $59.23. The company has a market cap of $11.77 billion, a price-to-earnings ratio of -71.13, a PEG ratio of 23.61 and a beta of 2.05. The business’s fifty day moving average is $46.07 and its two-hundred day moving average is $47.04. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.12 and a current ratio of 2.12.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.08. The firm had revenue of $572.00 million for the quarter, compared to analysts’ expectations of $538.36 million. Zillow Group had a negative net margin of 6.81% and a negative return on equity of 2.50%. The firm’s revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the company earned ($0.05) EPS. Analysts anticipate that Zillow Group will post 0.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other Zillow Group news, Chairman Lloyd D. Frink sold 150,000 shares of Zillow Group stock in a transaction on Friday, August 9th. The shares were sold at an average price of $50.83, for a total value of $7,624,500.00. Following the completion of the transaction, the chairman now owns 582 shares of the company’s stock, valued at $29,583.06. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Chairman Lloyd D. Frink sold 150,000 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $50.83, for a total transaction of $7,624,500.00. Following the completion of the transaction, the chairman now directly owns 582 shares in the company, valued at approximately $29,583.06. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Jennifer Rock sold 4,050 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $49.23, for a total transaction of $199,381.50. Following the transaction, the chief accounting officer now directly owns 79,694 shares of the company’s stock, valued at approximately $3,923,335.62. The disclosure for this sale can be found here. Insiders have sold a total of 214,444 shares of company stock valued at $10,479,259 in the last quarter. Insiders own 17.14% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

Several hedge funds and other institutional investors have recently made changes to their positions in ZG. Raymond James Financial Services Advisors Inc. lifted its holdings in Zillow Group by 2.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 15,542 shares of the technology company’s stock worth $882,000 after purchasing an additional 360 shares during the period. International Assets Investment Management LLC boosted its stake in Zillow Group by 96.8% during the fourth quarter. International Assets Investment Management LLC now owns 5,672 shares of the technology company’s stock valued at $322,000 after buying an additional 2,790 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Zillow Group by 1.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 22,100 shares of the technology company’s stock worth $1,254,000 after acquiring an additional 250 shares during the period. Desjardins Global Asset Management Inc. lifted its holdings in Zillow Group by 1.1% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 38,154 shares of the technology company’s stock valued at $2,207,000 after acquiring an additional 416 shares during the last quarter. Finally, abrdn plc boosted its position in shares of Zillow Group by 110.8% during the 4th quarter. abrdn plc now owns 18,328 shares of the technology company’s stock valued at $1,004,000 after purchasing an additional 9,633 shares in the last quarter. 20.32% of the stock is currently owned by institutional investors and hedge funds.

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.