Zillow Group, Inc. (NASDAQ:Z) Receives $67.83 Average Price Target from Brokerages

Zillow Group, Inc. (NASDAQ:Z) has been given a consensus rating of “Moderate Buy” by the ten ratings firms that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $70.33.

Several research analysts have recently weighed in on the stock. Bank of America increased their price objective on shares of Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research note on Thursday, August 8th. Craig Hallum raised shares of Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft increased their target price on Zillow Group from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, Jefferies Financial Group boosted their price target on Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday.

Insider Transactions at Zillow Group

In other news, Director Thielke Claire Cormier sold 2,826 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $61.11, for a total transaction of $172,696.86. Following the transaction, the director now owns 2,826 shares of the company’s stock, valued at approximately $172,696.86. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Thielke Claire Cormier sold 2,826 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $61.11, for a total transaction of $172,696.86. Following the transaction, the director now directly owns 2,826 shares in the company, valued at $172,696.86. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Lloyd D. Frink sold 150,000 shares of Zillow Group stock in a transaction on Friday, August 9th. The stock was sold at an average price of $50.83, for a total transaction of $7,624,500.00. Following the completion of the transaction, the chairman now directly owns 582 shares of the company’s stock, valued at approximately $29,583.06. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 221,999 shares of company stock valued at $11,780,363. 23.76% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Livforsakringsbolaget Skandia Omsesidigt grew its position 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 purchasing an additional 400 shares during the last quarter. Concord Wealth Partners acquired a new position in shares of Zillow Group during the first quarter worth approximately $26,000. V Square Quantitative Management LLC bought a new position in Zillow Group in the 3rd quarter worth approximately $35,000. Larson Financial Group LLC increased its position in Zillow Group by 364.4% in the 2nd quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 481 shares during the period. Finally, Fidelis Capital Partners LLC bought a new stake in Zillow Group during the 1st quarter valued at $37,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Zillow Group Stock Performance

Zillow Group stock opened at $59.79 on Tuesday. Zillow Group has a fifty-two week low of $33.80 and a fifty-two week high of $68.73. The company has a market capitalization of $14.12 billion, a price-to-earnings ratio of -86.65 and a beta of 1.95. The stock has a fifty day moving average of $60.07 and a two-hundred day moving average of $50.58. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.12 and a current ratio of 2.12.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings results on Wednesday, August 7th. The financial services provider reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.13. The business had revenue of $572.00 million during the quarter, compared to the consensus estimate of $539.74 million. Zillow Group had a negative net margin of 6.81% and a negative return on equity of 2.50%. On average, analysts anticipate that Zillow Group will post -0.33 EPS 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.