Zillow Group (NASDAQ:ZG) Sees Large Volume Increase – Should You Buy?

Zillow Group, Inc. (NASDAQ:ZG) shares saw an uptick in trading volume on Tuesday . 615,355 shares were traded during trading, an increase of 48% from the previous session’s volume of 414,430 shares.The stock last traded at $83.70 and had previously closed at $85.29.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ZG shares. DA Davidson raised their price target on Zillow Group from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Craig Hallum raised their target price on Zillow Group from $70.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Piper Sandler upped their price target on Zillow Group from $73.00 to $93.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Barclays raised their price objective on shares of Zillow Group from $36.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. Finally, Robert W. Baird started coverage on shares of Zillow Group in a report on Friday, January 31st. They issued a “neutral” rating and a $88.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $78.00.

Zillow Group Stock Down 2.0 %

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 firm has a market capitalization of $19.52 billion, a price-to-earnings ratio of -146.69, a PEG ratio of 15.65 and a beta of 2.09. The firm has a fifty day moving average price of $75.71 and a 200 day moving average price of $65.41.

Insiders Place Their Bets

In related news, insider Susan Daimler sold 3,694 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $273,282.12. Following the sale, the insider now owns 18,770 shares in the company, valued at $1,388,604.60. This represents a 16.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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 value 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. The trade was a 3.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 164,689 shares of company stock worth $12,520,379. Corporate insiders own 17.14% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

A number of large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its stake in shares of Zillow Group by 70.2% during the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock valued at $30,000 after buying an additional 172 shares during the period. Asset Dedication LLC acquired a new position in Zillow Group in the 4th quarter valued at $47,000. Assetmark Inc. lifted its stake in shares of Zillow Group by 18,875.0% during the 4th quarter. Assetmark Inc. now owns 759 shares of the technology company’s stock worth $54,000 after purchasing an additional 755 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Zillow Group by 24.0% during the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock worth $58,000 after purchasing an additional 159 shares during the last quarter. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Zillow Group in the fourth quarter valued at $63,000. 20.32% of the stock is owned by institutional investors and hedge funds.

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.