Zillow Group (NASDAQ:Z) Given New $90.00 Price Target at Jefferies Financial Group

Zillow Group (NASDAQ:Z) had its price objective hoisted by equities research analysts at Jefferies Financial Group from $80.00 to $90.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Jefferies Financial Group’s target price points to a potential upside of 51.11% from the company’s previous close.

Z has been the topic of several other reports. Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 9th. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a report on Thursday, August 8th. Morgan Stanley boosted their price target on Zillow Group from $46.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. Finally, UBS Group upgraded Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Zillow Group currently has a consensus rating of “Moderate Buy” and an average price target of $70.33.

Zillow Group Stock Down 1.8 %

Shares of NASDAQ Z opened at $59.56 on Tuesday. The firm has a market cap of $14.07 billion, a P/E ratio of -86.32 and a beta of 1.95. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.12 and a current ratio of 2.12. Zillow Group has a 1 year low of $33.80 and a 1 year high of $68.73. The firm’s 50 day moving average price is $59.94 and its 200 day moving average price is $50.51.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings data on Wednesday, August 7th. The financial services provider reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.13. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. The business had revenue of $572.00 million during the quarter, compared to the consensus estimate of $539.74 million. As a group, sell-side analysts anticipate that Zillow Group will post -0.33 earnings per share for the current year.

Insider Buying and Selling at Zillow Group

In related news, insider Dan Spaulding sold 2,991 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $53.18, for a total transaction of $159,061.38. Following the transaction, the insider now directly owns 70,342 shares of the company’s stock, valued at approximately $3,740,787.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Zillow Group news, CAO Jennifer Rock sold 4,050 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $49.23, for a total value of $199,381.50. Following the completion of the transaction, the chief accounting officer now directly owns 79,694 shares of the company’s stock, valued at $3,923,335.62. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Dan Spaulding sold 2,991 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $53.18, for a total value of $159,061.38. Following the sale, the insider now owns 70,342 shares of the company’s stock, valued at $3,740,787.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 221,999 shares of company stock valued at $11,780,363 over the last three months. 23.76% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of Z. Concord Wealth Partners acquired a new stake in Zillow Group in the first quarter valued at $26,000. Larson Financial Group LLC increased its position in shares of Zillow Group by 364.4% in the 2nd quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 481 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Zillow Group by 400.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 400 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Zillow Group in the 3rd quarter valued at about $35,000. Finally, Fidelis Capital Partners LLC bought a new position in shares of Zillow Group during the first quarter worth about $37,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

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.