Zillow Group (NASDAQ:Z) Price Target Increased to $90.00 by Analysts at Jefferies Financial Group

Zillow Group (NASDAQ:Z) had its target price upped by Jefferies Financial Group from $80.00 to $90.00 in a report released on Tuesday morning, Benzinga reports. The brokerage currently has a buy rating on the financial services provider’s stock.

Z has been the subject of several other research reports. Bank of America raised their price target on shares of Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Craig Hallum upgraded Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research report on Thursday, August 8th. Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. Finally, UBS Group raised shares of Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Zillow Group currently has an average rating of “Moderate Buy” and an average price target of $70.33.

Zillow Group Price Performance

Shares of Z stock opened at $60.67 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.12 and a current ratio of 2.12. The firm has a market cap of $14.33 billion, a P/E ratio of -87.93 and a beta of 1.95. The business’s 50 day moving average price is $59.82 and its 200-day moving average price is $50.45. Zillow Group has a fifty-two week low of $33.80 and a fifty-two week high of $68.73.

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

Insider Buying and Selling

In related news, Director Amy Bohutinsky sold 20,625 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the completion of the transaction, the director now owns 5,652 shares in the company, valued at approximately $379,983.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Amy Bohutinsky sold 20,625 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total value of $1,386,618.75. Following the sale, the director now directly owns 5,652 shares in the company, valued at approximately $379,983.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Bradley D. Owens sold 752 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $53.13, for a total value of $39,953.76. Following the transaction, the general counsel now owns 35,259 shares of the company’s stock, valued at $1,873,310.67. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 221,999 shares of company stock worth $11,780,363. 23.76% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Zillow Group by 0.8% during the first quarter. Vanguard Group Inc. now owns 21,313,573 shares of the financial services provider’s stock valued at $1,039,676,000 after acquiring an additional 176,449 shares during the last quarter. Capital World Investors grew its holdings in Zillow Group by 2.8% during the 1st quarter. Capital World Investors now owns 8,846,232 shares of the financial services provider’s stock valued at $431,519,000 after purchasing an additional 238,554 shares during the last quarter. Dorsal Capital Management LP raised its position in Zillow Group by 59.8% in the 2nd quarter. Dorsal Capital Management LP now owns 3,100,000 shares of the financial services provider’s stock worth $143,809,000 after purchasing an additional 1,160,000 shares during the period. Greencape Capital Pty Ltd lifted its stake in Zillow Group by 93.0% in the first quarter. Greencape Capital Pty Ltd now owns 1,632,790 shares of the financial services provider’s stock worth $79,647,000 after purchasing an additional 786,600 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Zillow Group by 10.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,423,257 shares of the financial services provider’s stock valued at $66,032,000 after buying an additional 139,489 shares during the period. Hedge funds and other institutional investors own 71.01% of the company’s stock.

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.