Zillow Group (NASDAQ:ZG) Rating Increased to Hold at Baird R W

Zillow Group (NASDAQ:ZG) was upgraded by stock analysts at Baird R W to a “hold” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

Several other analysts have also recently weighed in on ZG. Robert W. Baird started coverage on Zillow Group in a report on Friday. They set a “neutral” rating and a $88.00 price target for the company. Barclays increased their price objective on Zillow Group from $36.00 to $50.00 and gave the stock an “underweight” rating in a research report on Friday, November 8th. JMP Securities boosted their target price on shares of Zillow Group from $82.00 to $92.00 and gave the company a “market outperform” rating in a research report on Monday, December 16th. UBS Group raised their price target on shares of Zillow Group from $90.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Canaccord Genuity Group lifted their price objective on shares of Zillow Group from $64.00 to $86.00 and gave the stock a “hold” rating in a research note on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Zillow Group presently has an average rating of “Moderate Buy” and a consensus target price of $74.83.

Zillow Group Price Performance

Shares of ZG opened at $79.20 on Friday. The firm has a market capitalization of $18.50 billion, a PE ratio of -138.95, a PEG ratio of 10.81 and a beta of 2.09. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. The company’s 50-day moving average is $75.56 and its 200-day moving average is $63.87. Zillow Group has a fifty-two week low of $38.06 and a fifty-two week high of $83.67.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. The firm had revenue of $581.00 million for the quarter, compared to analysts’ expectations of $555.45 million. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. The business’s revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.12) EPS. Equities analysts forecast that Zillow Group will post -0.36 EPS for the current year.

Insider Activity

In other Zillow Group news, 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 sale, the general counsel now owns 31,739 shares in the company, valued at $2,348,051.22. This trade represents a 3.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Dan Spaulding sold 4,565 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $86.22, for a total transaction of $393,594.30. Following the transaction, the insider now owns 58,217 shares of the company’s stock, valued at $5,019,469.74. This trade represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 164,689 shares of company stock worth $12,520,379. Insiders own 17.14% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in shares of Zillow Group by 86.7% in the third quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock worth $75,000 after purchasing an additional 561 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Zillow Group in the 3rd quarter valued at about $29,000. CWM LLC grew its position in shares of Zillow Group by 18.6% in the 3rd quarter. CWM LLC now owns 34,258 shares of the technology company’s stock valued at $2,122,000 after buying an additional 5,377 shares during the last quarter. Creative Planning increased its stake in shares of Zillow Group by 7.2% in the third quarter. Creative Planning now owns 6,537 shares of the technology company’s stock valued at $405,000 after buying an additional 439 shares during the period. Finally, Vontobel Holding Ltd. raised its position in shares of Zillow Group by 4.8% during the third quarter. Vontobel Holding Ltd. now owns 16,407 shares of the technology company’s stock worth $1,016,000 after acquiring an additional 750 shares during the last quarter. 20.32% of the stock is currently owned by institutional investors.

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.