Zillow Group (NASDAQ:Z) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Zillow Group (NASDAQ:Z) had its target price hoisted by analysts at Deutsche Bank Aktiengesellschaft from $90.00 to $95.00 in a research report issued on Tuesday. The firm currently has a “buy” rating on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 21.47% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Morgan Stanley boosted their target price on shares of Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Thursday, November 7th. Jefferies Financial Group raised their target price on shares of Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. KeyCorp upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 2nd. Finally, Baird R W upgraded Zillow Group to a “hold” rating in a research note on Friday, January 31st. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.00.

Zillow Group Price Performance

Shares of Z opened at $78.21 on Tuesday. The company has a market cap of $18.27 billion, a price-to-earnings ratio of -137.21, a PEG ratio of 16.20 and a beta of 2.03. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. The company’s fifty day simple moving average is $78.73 and its 200 day simple moving average is $68.13. Zillow Group has a 1-year low of $38.45 and a 1-year high of $89.39.

Zillow Group (NASDAQ:Z) last issued its earnings results on Tuesday, February 11th. The financial services provider 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 2.33% and a negative net margin of 6.17%. On average, research analysts forecast that Zillow Group will post -0.42 earnings per share for the current fiscal year.

Insider Buying and Selling at Zillow Group

In related news, COO Jun Choo sold 10,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $75.10, for a total value of $751,000.00. Following the transaction, the chief operating officer now owns 88,130 shares in the company, valued at $6,618,563. The trade was a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jeremy Hofmann sold 1,612 shares of Zillow Group stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total value of $136,987.76. Following the completion of the transaction, the chief financial officer now directly owns 99,362 shares of the company’s stock, valued at approximately $8,443,782.76. This trade represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 142,730 shares of company stock worth $10,896,034. Insiders own 23.76% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of Zillow Group by 179.5% during the third quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock valued at $325,337,000 after buying an additional 3,272,118 shares during the last quarter. Groupama Asset Managment bought a new position in Zillow Group in the 3rd quarter valued at about $83,005,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Zillow Group during the 3rd quarter valued at about $38,310,000. Bridgewater Associates LP increased its holdings in Zillow Group by 428.2% during the 3rd quarter. Bridgewater Associates LP now owns 523,772 shares of the financial services provider’s stock worth $33,443,000 after purchasing an additional 424,615 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Zillow Group by 1,337.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 397,211 shares of the financial services provider’s stock worth $29,413,000 after purchasing an additional 369,580 shares during the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

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.