Zillow Group, Inc. (NASDAQ:ZG) Given Average Rating of “Moderate Buy” by Brokerages

Zillow Group, Inc. (NASDAQ:ZG) has been given an average recommendation of “Moderate Buy” by the nineteen research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $74.83.

A number of research firms have recently issued reports on ZG. Craig Hallum upped their price target on Zillow Group from $70.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Piper Sandler boosted their price objective on Zillow Group from $73.00 to $93.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Barclays raised their target price on Zillow Group from $36.00 to $50.00 and gave the stock an “underweight” rating in a research note on Friday, November 8th. Evercore ISI boosted their price target on shares of Zillow Group from $55.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Canaccord Genuity Group raised their price objective on shares of Zillow Group from $64.00 to $86.00 and gave the stock a “hold” rating in a research report on Monday, December 2nd.

Insider Activity at Zillow Group

In related news, CTO David A. Beitel sold 56,750 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $72.39, for a total transaction of $4,108,132.50. Following the sale, the chief technology officer now directly owns 92 shares of the company’s stock, valued at $6,659.88. This represents a 99.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Bradley D. Owens sold 1,212 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total transaction of $89,663.76. Following the completion of the transaction, the general counsel now directly owns 31,739 shares of the company’s stock, valued at $2,348,051.22. This represents a 3.68 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 164,689 shares of company stock worth $12,520,379. 17.14% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Zillow Group

Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its position in shares of Zillow Group by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company’s stock worth $63,523,000 after purchasing an additional 32,766 shares during the last quarter. State Street Corp lifted its holdings in Zillow Group by 0.4% during the 3rd quarter. State Street Corp now owns 805,279 shares of the technology company’s stock worth $49,871,000 after buying an additional 2,832 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Zillow Group by 8.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 441,800 shares of the technology company’s stock worth $19,901,000 after acquiring an additional 35,503 shares in the last quarter. US Bancorp DE increased its holdings in shares of Zillow Group by 6.5% in the 3rd quarter. US Bancorp DE now owns 297,819 shares of the technology company’s stock valued at $18,444,000 after acquiring an additional 18,136 shares during the last quarter. Finally, Virtu Financial LLC increased its holdings in shares of Zillow Group by 132.1% in the 3rd quarter. Virtu Financial LLC now owns 208,773 shares of the technology company’s stock valued at $12,929,000 after acquiring an additional 118,830 shares during the last quarter. Hedge funds and other institutional investors own 20.32% of the company’s stock.

Zillow Group Stock Performance

Shares of ZG stock opened at $79.20 on Friday. Zillow Group has a fifty-two week low of $38.06 and a fifty-two week high of $83.67. 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 stock’s fifty day moving average is $75.56 and its two-hundred day moving average is $63.87.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. The firm had revenue of $581.00 million for the quarter, compared to the consensus estimate of $555.45 million. During the same period last year, the firm posted ($0.12) earnings per share. The company’s revenue for the quarter was up 17.1% on a year-over-year basis. As a group, research analysts forecast that Zillow Group will post -0.36 earnings per share for the current fiscal year.

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.