Analysts Set Zillow Group, Inc. (NASDAQ:Z) Price Target at $70.33

Shares of Zillow Group, Inc. (NASDAQ:Z) have earned a consensus rating of “Moderate Buy” from the ten brokerages that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $70.33.

Several equities analysts have commented on Z shares. Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and increased their price target for the company from $50.00 to $80.00 in a research note on Monday, September 16th. Jefferies Financial Group raised their price objective on Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Bank of America lifted their target price on Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Cantor Fitzgerald raised Zillow Group to a “hold” rating in a research report on Thursday, September 5th. Finally, Morgan Stanley boosted their price objective on Zillow Group from $46.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd.

Insider Buying and Selling at Zillow Group

In related news, Director Amy Bohutinsky sold 20,625 shares of the stock in a transaction dated 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 directly owns 5,652 shares of the company’s stock, valued at $379,983.96. This represents a 78.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CTO David A. Beitel sold 56,750 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief technology officer now owns 92 shares of the company’s stock, valued at approximately $6,659.88. The trade was a 99.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 160,314 shares of company stock valued at $11,782,498 in the last ninety days. Insiders own 23.76% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

A number of large investors have recently modified their holdings of Z. FMR LLC boosted its stake in shares of Zillow Group by 179.5% in 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 in the last quarter. Dorsal Capital Management LP raised its position in Zillow Group by 59.8% in the second quarter. Dorsal Capital Management LP now owns 3,100,000 shares of the financial services provider’s stock worth $143,809,000 after acquiring an additional 1,160,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Zillow Group by 10.9% in 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 acquiring an additional 139,489 shares during the period. Groupama Asset Managment purchased a new stake in shares of Zillow Group during the 3rd quarter worth $83,005,000. Finally, Coronation Fund Managers Ltd. grew its stake in shares of Zillow Group by 238.9% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 864,733 shares of the financial services provider’s stock worth $40,115,000 after purchasing an additional 609,575 shares during the period. 71.01% of the stock is owned by hedge funds and other institutional investors.

Zillow Group Trading Down 0.5 %

Z opened at $79.93 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. Zillow Group has a one year low of $38.45 and a one year high of $86.88. The company has a market cap of $18.67 billion, a P/E ratio of -140.23 and a beta of 2.01. The business’s 50-day simple moving average is $71.22 and its 200-day simple moving average is $58.82.

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.