Zillow Group, Inc. (NASDAQ:ZG) Receives $83.00 Consensus Price Target from Brokerages

Zillow Group, Inc. (NASDAQ:ZG) has been given an average rating of “Moderate Buy” by the twenty-one brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $83.00.

Several analysts have recently commented on ZG shares. JMP Securities raised their target price 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. Bank of America raised their price objective on shares of Zillow Group from $81.00 to $84.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. UBS Group raised their price objective on shares of Zillow Group from $90.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Baird R W upgraded shares of Zillow Group to a “hold” rating in a research note on Friday, January 31st. Finally, Craig Hallum raised their price objective on shares of Zillow Group from $70.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th.

Insider Transactions at Zillow Group

In related news, insider Dan Spaulding sold 4,565 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $5,019,469.74. The trade was a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jennifer Rock sold 5,796 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $75.50, for a total transaction of $437,598.00. Following the completion of the sale, the chief accounting officer now owns 51,370 shares of the company’s stock, valued at approximately $3,878,435. The trade was a 10.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,838 shares of company stock worth $4,617,389 over the last ninety days. 17.14% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Zillow Group

A number of large investors have recently modified their holdings of the company. Creative Planning grew its holdings in shares of Zillow Group by 7.2% during the 3rd quarter. Creative Planning now owns 6,537 shares of the technology company’s stock worth $405,000 after purchasing an additional 439 shares during the period. Private Advisor Group LLC purchased a new stake in shares of Zillow Group during the 3rd quarter worth about $747,000. Avitas Wealth Management LLC purchased a new stake in shares of Zillow Group during the 3rd quarter worth about $1,562,000. US Bancorp DE grew its holdings in shares of Zillow Group by 6.5% during the 3rd quarter. US Bancorp DE now owns 297,819 shares of the technology company’s stock worth $18,444,000 after purchasing an additional 18,136 shares during the period. Finally, Silvant Capital Management LLC grew its holdings in shares of Zillow Group by 24.1% during the 3rd quarter. Silvant Capital Management LLC now owns 53,156 shares of the technology company’s stock worth $3,292,000 after purchasing an additional 10,320 shares during the period. 20.32% of the stock is currently owned by hedge funds and other institutional investors.

Zillow Group Stock Performance

ZG stock opened at $72.04 on Thursday. Zillow Group has a one year low of $38.06 and a one year high of $86.58. The stock has a market capitalization of $17.47 billion, a PE ratio of -153.28, a price-to-earnings-growth ratio of 8.90 and a beta of 2.09. The company has a fifty day moving average of $75.33 and a 200-day moving average of $67.24.

Zillow Group (NASDAQ:ZG) last released its earnings results on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. Equities analysts forecast that Zillow Group will post 0.32 earnings per share for the current fiscal 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.