Brokerages Set Zillow Group, Inc. (NASDAQ:ZG) Target Price at $83.00

Zillow Group, Inc. (NASDAQ:ZG) has received an average recommendation of “Moderate Buy” from the twenty-one ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and thirteen have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $82.25.

ZG has been the subject of several research reports. Evercore ISI lifted their target price on shares of Zillow Group from $75.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. UBS Group lifted their target price on shares of Zillow Group from $90.00 to $98.00 and gave the company a “buy” rating in a report on Monday, January 27th. Stephens restated an “overweight” rating and issued a $73.00 price target on shares of Zillow Group in a research note on Wednesday, February 12th. KeyCorp dropped their price target on shares of Zillow Group from $95.00 to $85.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Cantor Fitzgerald boosted their price target on shares of Zillow Group from $62.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th.

Insider Transactions at Zillow Group

In related news, COO Jun Choo sold 55,000 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $78.18, for a total value of $4,299,900.00. Following the completion of the sale, the chief operating officer now directly owns 86,853 shares of the company’s stock, valued at $6,790,167.54. The trade was a 38.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO David A. Beitel sold 2,025 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.75, for a total transaction of $157,443.75. Following the completion of the sale, the chief technology officer now directly owns 151,046 shares of the company’s stock, valued at approximately $11,743,826.50. This trade represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 96,065 shares of company stock valued at $7,660,165. Insiders own 17.14% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. L & S Advisors Inc purchased a new stake in shares of Zillow Group in the third quarter valued at about $1,579,000. Mirabella Financial Services LLP purchased a new stake in shares of Zillow Group in the third quarter valued at about $11,351,000. JPMorgan Chase & Co. raised its holdings in shares of Zillow Group by 155.4% in the third quarter. JPMorgan Chase & Co. now owns 33,258 shares of the technology company’s stock valued at $2,060,000 after buying an additional 20,238 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Zillow Group by 28.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 24,738 shares of the technology company’s stock valued at $1,753,000 after buying an additional 5,539 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Zillow Group by 3.3% in the third quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company’s stock valued at $63,523,000 after buying an additional 32,766 shares during the last quarter. 20.32% of the stock is owned by hedge funds and other institutional investors.

Zillow Group Stock Performance

Zillow Group stock opened at $68.85 on Monday. Zillow Group has a fifty-two week low of $38.06 and a fifty-two week high of $86.58. The firm has a 50 day moving average price of $74.94 and a 200 day moving average price of $69.72. The company has a market capitalization of $16.70 billion, a PE ratio of -146.49, a price-to-earnings-growth ratio of 8.90 and a beta of 2.33.

Zillow Group (NASDAQ:ZG) last posted its earnings results on Tuesday, February 11th. The technology company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. As a group, equities research analysts forecast that Zillow Group will post 0.32 earnings per share for the current year.

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.