Zillow Group, Inc. (NASDAQ:ZG) Receives $83.00 Average Price Target from Analysts

Shares of Zillow Group, Inc. (NASDAQ:ZG) have received an average recommendation of “Moderate Buy” from the twenty-one research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $83.00.

Several equities research analysts have recently weighed in on ZG shares. Benchmark upped their price target on shares of Zillow Group from $80.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. Baird R W upgraded Zillow Group to a “hold” rating in a report on Friday, January 31st. Susquehanna lifted their price target on Zillow Group from $75.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Evercore ISI boosted their price target on Zillow Group from $75.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Finally, Canaccord Genuity Group raised their price objective on Zillow Group from $64.00 to $86.00 and gave the company a “hold” rating in a research report on Monday, December 2nd.

Zillow Group Stock Up 1.3 %

ZG opened at $75.70 on Thursday. The stock’s fifty day moving average is $75.22 and its two-hundred day moving average is $67.84. The company has a market capitalization of $18.36 billion, a P/E ratio of -161.06, a PEG ratio of 8.90 and a beta of 2.09. Zillow Group has a 52 week low of $38.06 and a 52 week high of $86.58.

Zillow Group (NASDAQ:ZG) 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 5.01% and a negative return on equity of 2.12%. Equities analysts anticipate that Zillow Group will post 0.32 earnings per share for the current year.

Insider Activity

In related news, CFO Jeremy Hofmann sold 23,388 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $84.98, for a total transaction of $1,987,512.24. Following the completion of the transaction, the chief financial officer now directly owns 99,362 shares in the company, valued at $8,443,782.76. The trade was a 19.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jun Choo sold 1,277 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total transaction of $99,248.44. Following the completion of the sale, the chief operating officer now directly owns 86,853 shares in the company, valued at approximately $6,750,215.16. The trade was a 1.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 48,663 shares of company stock valued at $4,004,931 over the last ninety days. 17.14% of the stock is currently owned by insiders.

Institutional Trading of Zillow Group

A number of hedge funds have recently modified their holdings of ZG. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Zillow Group during the 4th quarter worth about $27,000. Blue Trust Inc. boosted its position in Zillow Group by 70.2% during 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 Zillow Group in the fourth quarter valued at approximately $47,000. Assetmark Inc. increased its position in shares of Zillow Group by 18,875.0% in the fourth quarter. Assetmark Inc. now owns 759 shares of the technology company’s stock valued at $54,000 after buying an additional 755 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of Zillow Group by 24.0% in the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock valued at $58,000 after buying an additional 159 shares in the last quarter. 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.