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

Shares of Zillow Group, Inc. (NASDAQ:Z) have been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $70.33.

Z has been the topic of a number of research reports. Morgan Stanley upped their price target on Zillow Group from $46.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $50.00 to $80.00 in a research note on Monday, September 16th. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. Bank of America boosted their price target on shares of Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Finally, Jefferies Financial Group raised their price objective on shares of Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd.

Insider Transactions at Zillow Group

In other Zillow Group news, CAO Jennifer Rock sold 3,187 shares of Zillow Group stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $74.00, for a total transaction of $235,838.00. Following the completion of the sale, the chief accounting officer now directly owns 69,649 shares of the company’s stock, valued at $5,154,026. The trade was a 4.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Dan Spaulding sold 4,565 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $86.22, for a total value of $393,594.30. Following the transaction, the insider now directly owns 58,217 shares of the company’s stock, valued at approximately $5,019,469.74. This represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 139,689 shares of company stock valued at $10,395,879. 23.76% of the stock is currently owned by corporate insiders.

Institutional Trading of Zillow Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its holdings 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 acquiring an additional 3,272,118 shares during the period. Groupama Asset Managment purchased a new stake in Zillow Group in the 3rd quarter valued at $83,005,000. Dorsal Capital Management LP boosted its stake in Zillow Group by 59.8% during 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. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Zillow Group during the 3rd quarter worth $38,310,000. Finally, Bridgewater Associates LP increased its stake in Zillow Group by 428.2% in the third quarter. Bridgewater Associates LP now owns 523,772 shares of the financial services provider’s stock valued at $33,443,000 after purchasing an additional 424,615 shares during the period. Institutional investors and hedge funds own 71.01% of the company’s stock.

Zillow Group Stock Performance

Shares of Z stock opened at $72.72 on Friday. 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 cap of $16.98 billion, a P/E ratio of -127.58 and a beta of 2.02. The firm’s 50 day moving average price is $76.20 and its 200-day moving average price is $62.53. Zillow Group has a one year low of $38.45 and a one year high of $86.88.

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.