Stephens Reiterates “Overweight” Rating for Zillow Group (NASDAQ:ZG)

Zillow Group (NASDAQ:ZG)‘s stock had its “overweight” rating reaffirmed by research analysts at Stephens in a note issued to investors on Wednesday,Benzinga reports. They currently have a $73.00 price objective on the technology company’s stock. Stephens’ price objective would indicate a potential downside of 3.18% from the company’s current price.

A number of other analysts also recently issued reports on ZG. DA Davidson lifted their price objective on shares of Zillow Group from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Royal Bank of Canada boosted their price target on shares of Zillow Group from $66.00 to $74.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. JMP Securities boosted their price target on shares of Zillow Group from $82.00 to $92.00 and gave the stock a “market outperform” rating in a research note on Monday, December 16th. UBS Group boosted their price target on shares of Zillow Group from $90.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $83.00.

Zillow Group Stock Performance

NASDAQ ZG opened at $75.40 on Wednesday. Zillow Group has a 52-week low of $38.06 and a 52-week high of $86.58. 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 market capitalization of $17.61 billion, a P/E ratio of -132.28, a P/E/G ratio of 15.65 and a beta of 2.09. The company has a fifty day moving average of $75.63 and a 200-day moving average of $65.79.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. As a group, equities research analysts predict that Zillow Group will post -0.42 EPS for the current fiscal year.

Insider Activity at Zillow Group

In other Zillow Group news, insider Dan Spaulding sold 4,565 shares of the company’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 sale, the insider now owns 58,217 shares in the company, valued at approximately $5,019,469.74. This represents a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Errol G. Samuelson sold 17,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $73.57, for a total transaction of $1,250,690.00. Following the completion of the sale, the insider now owns 22,739 shares in the company, valued at approximately $1,672,908.23. This trade represents a 42.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,773 shares of company stock worth $5,383,314 over the last 90 days. 17.14% of the stock is owned by company insiders.

Institutional Investors Weigh In On Zillow Group

A number of institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Zillow Group during the fourth quarter valued at approximately $165,326,000. Geode Capital Management LLC grew its holdings in shares of Zillow Group by 3.3% during 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. State Street Corp grew its holdings in shares of Zillow Group by 0.4% during the third quarter. State Street Corp now owns 805,279 shares of the technology company’s stock valued at $49,871,000 after buying an additional 2,832 shares during the last quarter. Virtu Financial LLC grew its holdings in shares of Zillow Group by 101.3% during the fourth quarter. Virtu Financial LLC now owns 420,255 shares of the technology company’s stock valued at $29,775,000 after buying an additional 211,482 shares during the last quarter. Finally, US Bancorp DE grew its holdings in shares of Zillow Group by 6.5% during the third quarter. US Bancorp DE now owns 297,819 shares of the technology company’s stock valued at $18,444,000 after buying an additional 18,136 shares during the last quarter. Hedge funds and other institutional investors own 20.32% of the company’s stock.

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.