Brokerages Set Zillow Group, Inc. (NASDAQ:ZG) Target Price at $73.00

Shares of Zillow Group, Inc. (NASDAQ:ZG) have received a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $74.06.

A number of research firms recently issued reports on ZG. Evercore ISI lifted their price target on Zillow Group from $55.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $47.00 price target on shares of Zillow Group in a report on Monday, October 7th. Barclays boosted their price objective on Zillow Group from $36.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. DA Davidson boosted their price objective on Zillow Group from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Finally, Susquehanna boosted their price objective on Zillow Group from $55.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, November 11th.

Insider Buying and Selling

In related news, General Counsel Bradley D. Owens sold 1,846 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $73.03, for a total value of $134,813.38. Following the completion of the transaction, the general counsel now owns 29,893 shares of the company’s stock, valued at $2,183,085.79. This represents a 5.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Susan Daimler sold 3,694 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total transaction of $273,282.12. Following the completion of the transaction, the insider now directly owns 18,770 shares of the company’s stock, valued at approximately $1,388,604.60. The trade was a 16.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 139,689 shares of company stock worth $10,395,879. Corporate insiders own 17.14% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

Several large investors have recently modified their holdings of ZG. Dimensional Fund Advisors LP raised its stake in shares of Zillow Group by 8.7% during the second quarter. Dimensional Fund Advisors LP now owns 441,800 shares of the technology company’s stock valued at $19,901,000 after acquiring an additional 35,503 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Zillow Group by 9.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,669 shares of the technology company’s stock worth $210,000 after buying an additional 421 shares during the period. Thrivent Financial for Lutherans increased its position in shares of Zillow Group by 155.2% during the second quarter. Thrivent Financial for Lutherans now owns 73,933 shares of the technology company’s stock worth $3,330,000 after buying an additional 44,959 shares during the period. Scientech Research LLC acquired a new stake in shares of Zillow Group during the second quarter worth $211,000. Finally, Garde Capital Inc. increased its position in shares of Zillow Group by 132.7% during the second quarter. Garde Capital Inc. now owns 139,805 shares of the technology company’s stock worth $6,297,000 after buying an additional 79,733 shares during the period. Institutional investors own 20.32% of the company’s stock.

Zillow Group Trading Up 3.6 %

Shares of ZG stock opened at $81.25 on Friday. Zillow Group has a 1 year low of $38.06 and a 1 year high of $83.67. The firm’s fifty day simple moving average is $75.45 and its 200 day simple moving average is $63.36. The firm has a market capitalization of $18.98 billion, a P/E ratio of -142.54, a price-to-earnings-growth ratio of 10.31 and a beta of 2.09. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. The firm had revenue of $581.00 million for the quarter, compared to the consensus estimate of $555.45 million. During the same quarter in the previous year, the company earned ($0.12) earnings per share. The business’s revenue was up 17.1% compared to the same quarter last year. As a group, sell-side analysts predict that Zillow Group will post -0.36 EPS 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.