Zillow Group (NASDAQ:ZG) Given New $84.00 Price Target at Bank of America

Zillow Group (NASDAQ:ZG) had its price objective boosted by Bank of America from $81.00 to $84.00 in a research note published on Wednesday,Benzinga reports. They currently have a neutral rating on the technology company’s stock.

A number of other analysts have also commented on ZG. Canaccord Genuity Group boosted their price objective on shares of Zillow Group from $64.00 to $86.00 and gave the stock a “hold” rating in a research report on Monday, December 2nd. Robert W. Baird assumed coverage on shares of Zillow Group in a research report on Friday, January 31st. They set a “neutral” rating and a $88.00 price target on the stock. Evercore ISI increased their price objective on shares of Zillow Group from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday. KeyCorp raised Zillow Group from a “sector weight” rating to an “overweight” rating and set a $100.00 target price on the stock in a research report on Monday, February 3rd. Finally, Cantor Fitzgerald increased their price target on Zillow Group from $62.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.95.

Zillow Group Price Performance

ZG stock opened at $74.87 on Wednesday. The stock has a 50-day moving average price of $75.68 and a two-hundred day moving average price of $65.73. Zillow Group has a 1 year low of $38.06 and a 1 year high of $86.58. The stock has a market cap of $17.49 billion, a PE ratio of -131.35, a price-to-earnings-growth ratio of 15.65 and a beta of 2.09. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. Equities analysts forecast that Zillow Group will post -0.42 EPS for the current fiscal year.

Insider Activity

In related news, CAO Jennifer Rock sold 8,225 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $73.05, for a total value of $600,836.25. Following the completion of the sale, the chief accounting officer now directly owns 61,424 shares in the company, valued at $4,487,023.20. The trade was a 11.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 completion of the transaction, the chief financial officer now directly owns 99,362 shares in the company, valued at approximately $8,443,782.76. This represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 142,730 shares of company stock valued at $10,896,034 over the last ninety days. 17.14% of the stock is currently owned by company insiders.

Institutional Trading of Zillow Group

A number of institutional investors have recently bought and sold shares of the business. Blue Trust Inc. raised its position in shares of Zillow Group by 70.2% in the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock valued at $30,000 after buying an additional 172 shares in the last quarter. Asset Dedication LLC bought a new position in Zillow Group during the 4th quarter worth $47,000. Assetmark Inc. raised its holdings in Zillow Group by 18,875.0% in the 4th quarter. Assetmark Inc. now owns 759 shares of the technology company’s stock valued at $54,000 after acquiring an additional 755 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of 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. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Zillow Group during the 4th quarter valued at $63,000. Institutional investors own 20.32% of the company’s stock.

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.