Susquehanna Boosts Zillow Group (NASDAQ:ZG) Price Target to $80.00

Zillow Group (NASDAQ:ZG) had its price objective raised by equities researchers at Susquehanna from $75.00 to $80.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the technology company’s stock. Susquehanna’s price target would indicate a potential upside of 4.04% from the company’s previous close.

Several other analysts have also recently issued reports on the company. UBS Group increased their target price on Zillow Group from $90.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Piper Sandler dropped their price target on Zillow Group from $93.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday. Royal Bank of Canada reissued an “outperform” rating and set a $88.00 price target on shares of Zillow Group in a research note on Wednesday. The Goldman Sachs Group increased their price target on Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, DA Davidson increased their price target on Zillow Group from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $83.00.

Zillow Group Stock Performance

NASDAQ:ZG opened at $76.89 on Thursday. 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 has a 12-month low of $38.06 and a 12-month high of $86.58. The stock has a 50-day moving average price of $75.58 and a 200 day moving average price of $65.99. The stock has a market capitalization of $17.96 billion, a P/E ratio of -134.89, a P/E/G ratio of 15.65 and a beta of 2.09.

Zillow Group (NASDAQ:ZG) last released its earnings results on Tuesday, February 11th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Equities research analysts forecast that Zillow Group will post -0.42 EPS for the current fiscal year.

Insider Buying and Selling

In other Zillow Group news, COO Jun Choo sold 10,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $75.10, for a total transaction of $751,000.00. Following the transaction, the chief operating officer now directly owns 88,130 shares in the company, valued at $6,618,563. This trade represents a 10.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Dan Spaulding sold 4,565 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $86.22, for a total value of $393,594.30. Following the transaction, the insider now owns 58,217 shares in the company, valued at $5,019,469.74. The trade was a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 82,838 shares of company stock valued at $6,619,079. Insiders own 17.14% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Schonfeld Strategic Advisors LLC increased its holdings in Zillow Group by 2,728.0% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 96,801 shares of the technology company’s stock worth $6,858,000 after purchasing an additional 93,378 shares during the period. Northern Trust Corp increased its holdings in Zillow Group by 2.5% during the 4th quarter. Northern Trust Corp now owns 247,078 shares of the technology company’s stock worth $17,505,000 after purchasing an additional 6,088 shares during the period. Empire Financial Management Company LLC purchased a new position in Zillow Group during the 4th quarter worth $1,771,000. Price T Rowe Associates Inc. MD increased its holdings in Zillow Group by 8.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 35,993 shares of the technology company’s stock worth $2,551,000 after purchasing an additional 2,673 shares during the period. Finally, Hsbc Holdings PLC increased its holdings in Zillow Group by 35.8% during the 4th quarter. Hsbc Holdings PLC now owns 6,454 shares of the technology company’s stock worth $457,000 after purchasing an additional 1,703 shares during the period. 20.32% 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.