UBS Group Increases Zillow Group (NASDAQ:ZG) Price Target to $98.00

Zillow Group (NASDAQ:ZG) had its price objective upped by analysts at UBS Group from $90.00 to $98.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. UBS Group’s target price would suggest a potential upside of 20.62% from the company’s previous close.

ZG has been the topic of a number of other research reports. The Goldman Sachs Group increased their price target on Zillow Group from $42.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Susquehanna lifted their price target on Zillow Group from $55.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Royal Bank of Canada increased their price objective on shares of Zillow Group from $66.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Craig Hallum boosted their target price on shares of Zillow Group from $70.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, DA Davidson increased their price target on shares of Zillow Group from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $74.06.

Zillow Group Stock Up 3.6 %

Shares of NASDAQ:ZG opened at $81.25 on Monday. The company has a market capitalization of $18.98 billion, a P/E ratio of -142.54, a P/E/G ratio of 10.31 and a beta of 2.09. The stock’s fifty day simple moving average is $75.45 and its 200-day simple moving average is $63.36. Zillow Group has a 52-week low of $38.06 and a 52-week high of $83.67. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. The company had revenue of $581.00 million for 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 firm’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period last year, the company earned ($0.12) EPS. As a group, equities research analysts forecast that Zillow Group will post -0.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Susan Daimler sold 3,694 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total transaction of $273,282.12. Following the completion of the transaction, the insider now directly owns 18,770 shares in the company, valued at approximately $1,388,604.60. This represents a 16.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Bradley D. Owens sold 1,212 shares of the company’s stock in a transaction 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 sale, the general counsel now directly owns 31,739 shares in the company, valued at $2,348,051.22. This represents a 3.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 139,689 shares of company stock valued at $10,395,879 in the last quarter. Company insiders own 17.14% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

A number of hedge funds have recently bought and sold shares of ZG. Cynosure Group LLC acquired a new position in shares of Zillow Group in the 3rd quarter valued at about $12,248,000. Mirabella Financial Services LLP acquired a new position in Zillow Group in the third quarter valued at approximately $11,351,000. Philadelphia Financial Management of San Francisco LLC acquired a new position in Zillow Group in the third quarter valued at approximately $9,813,000. Virtu Financial LLC grew its holdings in shares of Zillow Group by 132.1% during the third quarter. Virtu Financial LLC now owns 208,773 shares of the technology company’s stock valued at $12,929,000 after purchasing an additional 118,830 shares during the last quarter. Finally, CreativeOne Wealth LLC raised its position in shares of Zillow Group by 164.4% during the 3rd quarter. CreativeOne Wealth LLC now owns 179,700 shares of the technology company’s stock worth $11,129,000 after purchasing an additional 111,743 shares during the period. 20.32% of the stock is currently owned by institutional investors and hedge funds.

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.