Brokerages Set Zillow Group, Inc. (NASDAQ:Z) Target Price at $70.33

Shares of Zillow Group, Inc. (NASDAQ:Z) have received a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $70.33.

Several equities research analysts recently commented on Z shares. Jefferies Financial Group lifted their price target on shares of Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Wedbush upgraded Zillow Group from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. Bank of America boosted their target price on Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Cantor Fitzgerald raised Zillow Group to a “hold” rating in a research report on Thursday, September 5th. Finally, Morgan Stanley boosted their price objective on Zillow Group from $46.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd.

Zillow Group Stock Down 0.5 %

Z stock opened at $79.93 on Wednesday. The company’s 50 day moving average is $71.22 and its two-hundred day moving average is $58.55. Zillow Group has a twelve month low of $38.45 and a twelve month high of $86.88. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. The stock has a market cap of $18.67 billion, a P/E ratio of -140.23 and a beta of 2.01.

Insider Activity at Zillow Group

In other news, Director Thielke Claire Cormier sold 2,826 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $61.11, for a total value of $172,696.86. Following the completion of the sale, the director now owns 2,826 shares in the company, valued at approximately $172,696.86. This trade represents a 50.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Amy Bohutinsky sold 20,625 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the transaction, the director now owns 5,652 shares in the company, valued at approximately $379,983.96. This trade represents a 78.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 163,140 shares of company stock worth $11,955,195 in the last quarter. Company insiders own 23.76% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

A number of large investors have recently modified their holdings of Z. Larson Financial Group LLC grew its position in Zillow Group by 364.4% during the second quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock worth $28,000 after buying an additional 481 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Zillow Group by 400.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 400 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Zillow Group during the 3rd quarter worth approximately $35,000. Blue Trust Inc. grew its holdings in shares of Zillow Group by 66.3% in the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 313 shares during the period. Finally, Quarry LP purchased a new position in Zillow Group in the 2nd quarter valued at approximately $61,000. 71.01% of the stock is owned by hedge funds and other institutional investors.

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.