Zillow Group, Inc. (NASDAQ:Z) PT Raised to $53.00 at Canaccord Genuity

Zillow Group, Inc. (NASDAQ:Z) had its price objective hoisted by Canaccord Genuity from $52.00 to $53.00 in a report issued on Wednesday, November 8th. The brokerage presently has a “buy” rating on the financial services provider’s stock. Canaccord Genuity’s target price would suggest a potential upside of 24.44% from the stock’s previous close.

Z has been the topic of several other reports. Deutsche Bank AG increased their target price on Zillow Group to $50.00 and gave the stock a “neutral” rating in a research report on Monday, August 7th. Benchmark Co. restated a “buy” rating and set a $55.00 price target on shares of Zillow Group in a research note on Thursday, October 5th. BidaskClub upgraded Zillow Group from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. Finally, Cowen Inc restated a “hold” rating on shares of Zillow Group in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $47.44.

Zillow Group (NASDAQ:Z) opened at $42.59 on Wednesday. Zillow Group has a 12-month low of $32.56 and a 12-month high of $51.23. The company has a debt-to-equity ratio of 0.14, a current ratio of 6.44 and a quick ratio of 6.44.

In other Zillow Group news, Vice Chairman Lloyd D. Frink sold 13,600 shares of the stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $41.04, for a total transaction of $558,144.00. Following the transaction, the insider now owns 4,416,408 shares of the company’s stock, valued at approximately $181,249,384.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Errol G. Samuelson sold 1,589 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $40.72, for a total value of $64,704.08. Following the transaction, the insider now directly owns 93,243 shares in the company, valued at approximately $3,796,854.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 526,275 shares of company stock valued at $21,066,714. 21.72% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in Z. Massey Quick Simon & CO. LLC acquired a new stake in Zillow Group in the 3rd quarter valued at approximately $130,000. D.A. Davidson & CO. increased its position in Zillow Group by 2.1% in the 2nd quarter. D.A. Davidson & CO. now owns 2,817 shares of the financial services provider’s stock valued at $138,000 after acquiring an additional 57 shares during the period. JPMorgan Chase & Co. increased its position in Zillow Group by 878.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,152 shares of the financial services provider’s stock valued at $154,000 after acquiring an additional 2,830 shares during the period. ETF Managers Group LLC acquired a new stake in Zillow Group in the 2nd quarter valued at approximately $167,000. Finally, Toronto Dominion Bank increased its position in Zillow Group by 246.7% in the 3rd quarter. Toronto Dominion Bank now owns 4,417 shares of the financial services provider’s stock valued at $178,000 after acquiring an additional 3,143 shares during the period. 86.13% of the stock is currently owned by institutional investors and hedge funds.

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Zillow Group Company Profile

Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable people find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

Analyst Recommendations for Zillow Group (NASDAQ:Z)

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