Zillow Group’s (ZG) Overweight Rating Reaffirmed at Stephens

Stephens reaffirmed their overweight rating on shares of Zillow Group (NASDAQ:ZG) in a report released on Wednesday,Benzinga reports. The brokerage currently has a $73.00 price target on the technology company’s stock.

A number of other research firms have also recently commented on ZG. DA Davidson upped their price target on shares of Zillow Group from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Evercore ISI upped their target price on shares of Zillow Group from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday. JMP Securities lifted their price target on shares of Zillow Group from $82.00 to $92.00 and gave the company a “market outperform” rating in a research note on Monday, December 16th. KeyCorp upgraded Zillow Group from a “sector weight” rating to an “overweight” rating and set a $100.00 price target for the company in a report on Monday, February 3rd. Finally, Craig Hallum raised their price objective on Zillow Group from $70.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $80.95.

Zillow Group Stock Down 10.7 %

Shares of NASDAQ:ZG opened at $74.87 on Wednesday. The firm has a market capitalization of $17.49 billion, a PE ratio of -131.35, a price-to-earnings-growth ratio of 15.65 and a beta of 2.09. The business has a 50 day simple moving average of $75.68 and a two-hundred day simple moving average of $65.73. Zillow Group has a 1 year low of $38.06 and a 1 year high of $86.58. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. On average, equities analysts predict that Zillow Group will post -0.42 EPS for the current year.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, COO Jun Choo sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $75.10, for a total transaction of $751,000.00. Following the sale, the chief operating officer now owns 88,130 shares of the company’s stock, valued at approximately $6,618,563. The trade was a 10.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Dan Spaulding sold 4,565 shares of the firm’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 completion of 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 142,730 shares of company stock worth $10,896,034. 17.14% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ZG. L & S Advisors Inc acquired a new stake in shares of Zillow Group during the third quarter worth about $1,579,000. Mirabella Financial Services LLP acquired a new position in Zillow Group in the 3rd quarter worth approximately $11,351,000. JPMorgan Chase & Co. raised its position in Zillow Group by 155.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 33,258 shares of the technology company’s stock worth $2,060,000 after buying an additional 20,238 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Zillow Group by 28.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 24,738 shares of the technology company’s stock valued at $1,753,000 after acquiring an additional 5,539 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Zillow Group by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company’s stock valued at $63,523,000 after acquiring an additional 32,766 shares during the last quarter. 20.32% of the stock is owned by institutional investors and hedge funds.

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.