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

Shares of Zillow Group, Inc. (NASDAQ:ZG) have earned a consensus rating of “Moderate Buy” from the twenty-one analysts that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $83.00.

ZG has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their target price on Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. JMP Securities boosted their price objective on Zillow Group from $82.00 to $92.00 and gave the company a “market outperform” rating in a report on Monday, December 16th. UBS Group raised their target price on Zillow Group from $90.00 to $98.00 and gave the company a “buy” rating in a report on Monday, January 27th. DA Davidson boosted their price target on shares of Zillow Group from $75.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Finally, Baird R W raised shares of Zillow Group to a “hold” rating in a research note on Friday, January 31st.

Insider Buying and Selling

In related news, CFO Jeremy Hofmann sold 7,175 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $85.36, for a total transaction of $612,458.00. Following the transaction, the chief financial officer now owns 99,362 shares in the company, valued at $8,481,540.32. This trade represents a 6.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Jennifer Rock sold 5,796 shares of Zillow Group stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total value of $437,598.00. Following the transaction, the chief accounting officer now directly owns 51,370 shares in the company, valued at approximately $3,878,435. This trade represents a 10.14 % decrease in their position. 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 90 days. 17.14% of the stock is owned by insiders.

Hedge Funds Weigh In On Zillow Group

A number of hedge funds have recently modified their holdings of the business. O Shaughnessy Asset Management LLC increased its position in Zillow Group by 13.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,191 shares of the technology company’s stock valued at $84,000 after acquiring an additional 138 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Zillow Group by 24.0% in the 4th quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock valued at $58,000 after purchasing an additional 159 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Zillow Group by 70.2% in the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock valued at $30,000 after purchasing an additional 172 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Zillow Group during the fourth quarter worth approximately $27,000. Finally, Barrier Capital Management LLC lifted its holdings in shares of Zillow Group by 0.4% during the fourth quarter. Barrier Capital Management LLC now owns 111,200 shares of the technology company’s stock worth $7,879,000 after purchasing an additional 400 shares during the period. 20.32% of the stock is currently owned by hedge funds and other institutional investors.

Zillow Group Stock Performance

Shares of Zillow Group stock opened at $76.65 on Thursday. The business’s 50 day moving average price is $75.47 and its 200 day moving average price is $66.79. The company has a market cap of $17.90 billion, a price-to-earnings ratio of -163.09, a PEG ratio of 9.07 and a beta of 2.09. Zillow Group has a one year low of $38.06 and a one year high of $86.58.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) earnings per share 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%. On average, analysts predict that Zillow Group will post 0.32 EPS 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.