Baird R W Upgrades Zillow Group (NASDAQ:ZG) to Hold

Zillow Group (NASDAQ:ZG) was upgraded by equities researchers at Baird R W to a “hold” rating in a research note issued on Friday,Zacks.com reports.

A number of other analysts also recently commented on the company. JMP Securities boosted their price objective on Zillow Group from $82.00 to $92.00 and gave the stock a “market outperform” rating in a research note on Monday, December 16th. Canaccord Genuity Group upped their price target on shares of Zillow Group from $64.00 to $86.00 and gave the company a “hold” rating in a report on Monday, December 2nd. Piper Sandler lifted their price objective on shares of Zillow Group from $73.00 to $93.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. The Goldman Sachs Group increased their target price on shares of Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, DA Davidson lifted their price target on shares of Zillow Group from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $74.83.

Zillow Group Price Performance

Shares of ZG opened at $79.20 on Friday. Zillow Group has a one year low of $38.06 and a one year high of $83.67. The stock’s fifty day moving average is $75.56 and its 200-day moving average is $63.80. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. The firm has a market capitalization of $18.50 billion, a price-to-earnings ratio of -138.95, a price-to-earnings-growth ratio of 10.81 and a beta of 2.09.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $581.00 million for the quarter, compared to the consensus estimate of $555.45 million. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. Zillow Group’s revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.12) EPS. Equities analysts anticipate that Zillow Group will post -0.36 EPS for the current year.

Insider Transactions at Zillow Group

In related news, insider Susan Daimler sold 3,694 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $273,282.12. Following the completion of the sale, the insider now directly owns 18,770 shares in the company, valued at approximately $1,388,604.60. The trade was a 16.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO David A. Beitel sold 56,750 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $72.39, for a total transaction of $4,108,132.50. Following the completion of the transaction, the chief technology officer now owns 92 shares in the company, valued at $6,659.88. The trade was a 99.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 164,689 shares of company stock valued at $12,520,379 in the last three months. Corporate insiders own 17.14% of the company’s stock.

Institutional Trading of Zillow Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. L & S Advisors Inc bought a new position in shares of Zillow Group during the 3rd quarter worth about $1,579,000. Mirabella Financial Services LLP acquired a new stake in Zillow Group during the third quarter valued at approximately $11,351,000. JPMorgan Chase & Co. grew its stake in shares of Zillow Group by 155.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 33,258 shares of the technology company’s stock valued at $2,060,000 after purchasing an additional 20,238 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Zillow Group by 28.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 24,738 shares of the technology company’s stock worth $1,753,000 after buying an additional 5,539 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Zillow Group by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company’s stock worth $63,523,000 after buying an additional 32,766 shares during the period. 20.32% of the stock is currently owned by institutional investors and hedge funds.

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.