Analysts Set Zillow Group, Inc. (NASDAQ:ZG) Target Price at $73.00

Shares of Zillow Group, Inc. (NASDAQ:ZG) have been assigned a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $74.06.

ZG has been the subject of a number of research reports. UBS Group raised their price target on shares of Zillow Group from $90.00 to $98.00 and gave the stock a “buy” rating in a report on Monday. Barclays lifted their price objective on shares of Zillow Group from $36.00 to $50.00 and gave the company an “underweight” rating in a report on Friday, November 8th. Royal Bank of Canada lifted their price objective on shares of Zillow Group from $66.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. JMP Securities lifted their price objective on shares of Zillow Group from $82.00 to $92.00 and gave the company a “market outperform” rating in a report on Monday, December 16th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $47.00 price objective on shares of Zillow Group in a report on Monday, October 7th.

Zillow Group Trading Up 3.6 %

NASDAQ:ZG opened at $81.25 on Friday. 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 capitalization of $18.98 billion, a price-to-earnings ratio of -142.54, a PEG ratio of 10.31 and a beta of 2.09. The firm has a fifty day simple moving average of $75.45 and a two-hundred day simple moving average of $63.36. Zillow Group has a 12 month low of $38.06 and a 12 month high of $83.67.

Zillow Group (NASDAQ:ZG) last posted 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 business had revenue of $581.00 million during the quarter, compared to analysts’ expectations of $555.45 million. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. The business’s quarterly revenue was up 17.1% on a year-over-year basis. During the same period last year, the company posted ($0.12) earnings per share. Analysts expect that Zillow Group will post -0.36 EPS for the current fiscal year.

Insider Transactions at Zillow Group

In related news, General Counsel Bradley D. Owens sold 1,212 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total transaction of $89,663.76. Following the completion of the transaction, the general counsel now owns 31,739 shares of the company’s stock, valued at approximately $2,348,051.22. The trade was a 3.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dan Spaulding sold 4,565 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $86.22, for a total transaction of $393,594.30. Following the completion of the transaction, the insider now directly owns 58,217 shares in the company, valued at $5,019,469.74. The trade was a 7.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 139,689 shares of company stock worth $10,395,879 over the last quarter. Corporate insiders own 17.14% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

A number of institutional investors have recently made changes to their positions in ZG. Blue Trust Inc. grew its holdings in shares of Zillow Group by 70.2% during the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock valued at $30,000 after purchasing an additional 172 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in Zillow Group by 9.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,669 shares of the technology company’s stock valued at $210,000 after buying an additional 421 shares during the period. Creative Planning boosted its position in Zillow Group by 7.2% during the 3rd quarter. Creative Planning now owns 6,537 shares of the technology company’s stock valued at $405,000 after buying an additional 439 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in Zillow Group during the 3rd quarter valued at $29,000. Finally, GAMMA Investing LLC boosted its position in Zillow Group by 86.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock valued at $75,000 after buying an additional 561 shares during the period. 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.