Zillow Group (NASDAQ:ZG) Price Target Raised to $93.00

Zillow Group (NASDAQ:ZG) had its price target increased by Piper Sandler from $73.00 to $93.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an overweight rating on the technology company’s stock.

A number of other brokerages have also issued reports on ZG. Benchmark raised their price target on Zillow Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. DA Davidson lifted their target price on Zillow Group from $71.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. JMP Securities boosted their target price on shares of Zillow Group from $62.00 to $82.00 and gave the company a “market outperform” rating in a research note on Thursday, November 7th. Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $50.00 to $80.00 in a research note on Monday, September 16th. Finally, 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $72.12.

Zillow Group Stock Performance

NASDAQ:ZG opened at $79.28 on Friday. The stock’s 50 day simple moving average is $67.11 and its two-hundred day simple moving average is $55.57. Zillow Group has a 1 year low of $38.06 and a 1 year high of $83.67. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. The company has a market cap of $18.52 billion, a price-to-earnings ratio of -139.09 and a beta of 2.08.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data 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 revenue was up 17.1% on a year-over-year basis. During the same period last year, the company posted ($0.12) EPS. As a group, equities analysts anticipate that Zillow Group will post -0.34 earnings per share for the current fiscal year.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, insider Susan Daimler sold 3,484 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $54.18, for a total value of $188,763.12. Following the completion of the sale, the insider now directly owns 22,464 shares in the company, valued at $1,217,099.52. This trade represents a 13.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thielke Claire Cormier sold 2,826 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $61.11, for a total value of $172,696.86. Following the transaction, the director now directly owns 2,826 shares in the company, valued at approximately $172,696.86. The trade was a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 163,591 shares of company stock valued at $11,892,886. 17.14% of the stock is currently owned by corporate insiders.

Institutional Trading of Zillow Group

Several large investors have recently bought and sold shares of ZG. Geode Capital Management LLC grew its stake in Zillow Group by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company’s stock valued at $63,523,000 after purchasing an additional 32,766 shares during the last quarter. State Street Corp lifted its holdings in shares of Zillow Group by 0.4% during the third quarter. State Street Corp now owns 805,279 shares of the technology company’s stock worth $49,871,000 after purchasing an additional 2,832 shares during the period. Dimensional Fund Advisors LP boosted its position in Zillow Group by 8.7% in the second quarter. Dimensional Fund Advisors LP now owns 441,800 shares of the technology company’s stock valued at $19,901,000 after buying an additional 35,503 shares during the last quarter. Selkirk Management LLC boosted its position in Zillow Group by 37.4% in the second quarter. Selkirk Management LLC now owns 320,800 shares of the technology company’s stock valued at $14,449,000 after buying an additional 87,300 shares during the last quarter. Finally, US Bancorp DE increased its holdings in Zillow Group by 6.5% in the 3rd quarter. US Bancorp DE now owns 297,819 shares of the technology company’s stock worth $18,444,000 after buying an additional 18,136 shares during the period. Hedge funds and other 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.