Zillow Group (NASDAQ:ZG) Given New $75.00 Price Target at Susquehanna

Zillow Group (NASDAQ:ZG) had its target price hoisted by Susquehanna from $55.00 to $75.00 in a report issued on Monday morning,Benzinga reports. Susquehanna currently has a neutral rating on the technology company’s stock.

Several other research firms have also recently issued reports on ZG. Barclays increased their price target on shares of Zillow Group from $36.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. Wedbush upgraded Zillow Group from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $50.00 to $80.00 in a research note on Monday, September 16th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $47.00 price objective on shares of Zillow Group in a research report on Monday, October 7th. Evercore ISI boosted their target price on shares of Zillow Group from $55.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Craig Hallum raised their price objective on shares of Zillow Group from $55.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $67.17.

Zillow Group Stock Down 0.3 %

ZG opened at $72.00 on Monday. The business has a 50 day moving average price of $61.20 and a two-hundred day moving average price of $51.33. Zillow Group has a 52 week low of $36.38 and a 52 week high of $73.89. The company has a market cap of $16.66 billion, a PE ratio of -126.32 and a beta of 2.02. 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 issued its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. The firm had revenue of $581.00 million during the quarter, compared to the consensus estimate of $555.45 million. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The company’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same period last year, the company earned ($0.12) earnings per share. As a group, research analysts anticipate that Zillow Group will post -0.33 EPS for the current year.

Insider Transactions at Zillow Group

In other news, Director Amy Bohutinsky sold 20,625 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total value of $1,386,618.75. Following the completion of the transaction, the director now owns 5,652 shares of the company’s stock, valued at $379,983.96. The trade was a 78.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Jeremy Hofmann sold 7,155 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $56.89, for a total value of $407,047.95. Following the sale, the chief financial officer now owns 111,239 shares in the company, valued at $6,328,386.71. This trade represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,153 shares of company stock valued at $2,432,349 over the last three months. 17.14% of the stock is currently owned by insiders.

Institutional Trading of Zillow Group

A number of institutional investors and hedge funds have recently made changes to their positions in ZG. Dimensional Fund Advisors LP grew its stake in Zillow Group by 8.7% during the second quarter. Dimensional Fund Advisors LP now owns 441,800 shares of the technology company’s stock worth $19,901,000 after buying an additional 35,503 shares during the period. Selkirk Management LLC increased its holdings in shares of Zillow Group by 37.4% in the 2nd quarter. Selkirk Management LLC now owns 320,800 shares of the technology company’s stock valued at $14,449,000 after acquiring an additional 87,300 shares during the last quarter. US Bancorp DE raised its holdings in shares of Zillow Group by 6.5% during the third quarter. US Bancorp DE now owns 297,819 shares of the technology company’s stock worth $18,444,000 after purchasing an additional 18,136 shares during the period. Cynosure Group LLC bought a new position in Zillow Group in the third quarter worth about $12,248,000. Finally, Raymond James & Associates boosted its position in Zillow Group by 7.0% during the 2nd quarter. Raymond James & Associates now owns 193,023 shares of the technology company’s stock valued at $8,694,000 after purchasing an additional 12,616 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.