Zillow Group (NASDAQ:Z) PT Raised to $90.00

Zillow Group (NASDAQ:Z) had its price objective increased 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 firm presently has a “buy” rating on the financial services provider’s stock. Jefferies Financial Group’s target price suggests a potential upside of 51.11% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Craig Hallum upgraded shares of Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research note on Thursday, August 8th. Morgan Stanley lifted their price target on Zillow Group from $46.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. UBS Group upgraded Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Finally, Bank of America raised their target price on Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $70.33.

Zillow Group Stock Performance

Shares of Zillow Group stock opened at $59.56 on Tuesday. The stock has a market capitalization of $14.07 billion, a price-to-earnings ratio of -86.32 and a beta of 1.95. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 2.12. The business has a 50-day moving average of $59.94 and a 200 day moving average of $50.51. Zillow Group has a 12 month low of $33.80 and a 12 month high of $68.73.

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

Insiders Place Their Bets

In related news, CAO Jennifer Rock sold 4,050 shares of the firm’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 sale, the chief accounting officer now owns 79,694 shares in the company, valued at $3,923,335.62. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Zillow Group news, CAO Jennifer Rock sold 4,050 shares of the stock in a transaction on Thursday, August 8th. The stock was 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 owns 79,694 shares in the company, valued at approximately $3,923,335.62. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Amy Bohutinsky sold 20,625 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the sale, the director now owns 5,652 shares in the company, valued at $379,983.96. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 221,999 shares of company stock worth $11,780,363. 23.76% of the stock is owned by insiders.

Institutional Trading of Zillow Group

A number of institutional investors have recently bought and sold shares of Z. Livforsakringsbolaget Skandia Omsesidigt raised its position in Zillow Group by 400.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 400 shares during the last quarter. Concord Wealth Partners acquired a new position in shares of Zillow Group during the 1st quarter worth approximately $26,000. V Square Quantitative Management LLC purchased a new stake in Zillow Group in the 3rd quarter valued at approximately $35,000. Larson Financial Group LLC grew its holdings in Zillow Group by 364.4% during the 2nd quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock valued at $28,000 after buying an additional 481 shares during the last quarter. Finally, Fidelis Capital Partners LLC purchased a new position in Zillow Group during the first quarter worth $37,000. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

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.