Zillow Group (NASDAQ:Z) Hits New 52-Week High on Analyst Upgrade

Shares of Zillow Group, Inc. (NASDAQ:Z) reached a new 52-week high during trading on Wednesday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from $90.00 to $95.00. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. Zillow Group traded as high as $89.39 and last traded at $86.32, with a volume of 4451636 shares changing hands. The stock had previously closed at $87.97.

Several other research analysts have also recently issued reports on Z. Morgan Stanley increased their price target on shares of Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Jefferies Financial Group raised their price target on Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Baird R W upgraded Zillow Group to a “hold” rating in a research note on Friday, January 31st. KeyCorp upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. Finally, Bank of America boosted their target price on shares of Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Zillow Group presently has a consensus rating of “Moderate Buy” and an average target price of $78.67.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, COO Jun Choo sold 10,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $75.10, for a total transaction of $751,000.00. Following the completion of the sale, the chief operating officer now owns 88,130 shares of the company’s stock, valued at approximately $6,618,563. The trade was a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO David A. Beitel sold 56,750 shares of Zillow Group stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $72.39, for a total value of $4,108,132.50. Following the completion of the transaction, the chief technology officer now directly owns 92 shares in the company, valued at $6,659.88. This represents a 99.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 142,730 shares of company stock worth $10,896,034 in the last 90 days. 23.76% of the stock is owned by company insiders.

Institutional Investors Weigh In On Zillow Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Zillow Group by 400.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock worth $32,000 after buying an additional 400 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Zillow Group in the third quarter worth about $35,000. Blue Trust Inc. grew its stake in Zillow Group by 66.3% during the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 313 shares in the last quarter. Assetmark Inc. increased its holdings in Zillow Group by 7,410.0% during the 4th quarter. Assetmark Inc. now owns 751 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 741 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Zillow Group in the 3rd quarter valued at approximately $74,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Zillow Group Stock Performance

The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. The company has a 50 day moving average price of $78.82 and a 200 day moving average price of $68.06. The company has a market capitalization of $20.16 billion, a PE ratio of -151.44, a PEG ratio of 16.20 and a beta of 2.03.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. Equities analysts forecast that Zillow Group, Inc. will post -0.42 EPS for the current year.

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.