Zillow Group (NASDAQ:Z) Given New $75.00 Price Target at Morgan Stanley

Zillow Group (NASDAQ:Z) had its price objective lifted by Morgan Stanley from $60.00 to $75.00 in a report released on Monday morning,Benzinga reports. They currently have an equal weight rating on the financial services provider’s stock.

Several other equities research analysts also recently issued reports on the company. Bank of America increased 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. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Thursday, November 7th. Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $50.00 to $80.00 in a report on Monday, September 16th. Finally, Jefferies Financial Group increased their price target on shares of Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $72.83.

Zillow Group Trading Down 0.6 %

NASDAQ:Z opened at $70.83 on Monday. Zillow Group has a 12 month low of $38.45 and a 12 month high of $86.88. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. The firm’s 50 day moving average is $76.88 and its 200 day moving average is $63.05. The stock has a market capitalization of $16.54 billion, a PE ratio of -124.26 and a beta of 2.02.

Insider Activity at Zillow Group

In other news, insider Dan Spaulding sold 4,565 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $86.22, for a total value of $393,594.30. Following the completion of the sale, the insider now directly owns 58,217 shares of the company’s stock, valued at approximately $5,019,469.74. This trade represents a 7.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Susan Daimler sold 3,694 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total transaction of $273,282.12. Following the transaction, the insider now owns 18,770 shares in the company, valued at $1,388,604.60. This represents a 16.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 139,689 shares of company stock worth $10,395,879 in the last three months. 23.76% of the stock is owned by insiders.

Institutional Trading of Zillow Group

A number of hedge funds have recently modified their holdings of the business. Livforsakringsbolaget Skandia Omsesidigt increased its position in Zillow Group by 400.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock valued at $32,000 after buying an additional 400 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of Zillow Group during the third quarter valued at $35,000. Blue Trust Inc. raised its position in shares of Zillow Group by 66.3% in the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 313 shares during the last quarter. Quarry LP bought a new position in Zillow Group in the 2nd quarter worth about $61,000. Finally, Brooklyn Investment Group purchased a new stake in Zillow Group during the 3rd quarter valued at about $74,000. 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.