Zillow Group (NASDAQ:ZG) Price Target Raised to $80.00 at Susquehanna

Zillow Group (NASDAQ:ZG) had its price target boosted by analysts at Susquehanna from $75.00 to $80.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. Susquehanna’s price objective indicates a potential upside of 6.85% from the stock’s previous close.

A number of other analysts have also recently issued reports on the company. Craig Hallum increased 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. JMP Securities increased their price target on shares of Zillow Group from $82.00 to $92.00 and gave the stock a “market outperform” rating in a report on Monday, December 16th. Evercore ISI boosted their price objective on shares of Zillow Group from $75.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday. The Goldman Sachs Group increased their target price on shares of Zillow Group from $42.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Baird R W upgraded shares of Zillow Group to a “hold” rating in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.20.

Zillow Group Price Performance

ZG opened at $74.87 on Thursday. The firm has a 50-day moving average price of $75.68 and a 200-day moving average price of $65.73. Zillow Group has a twelve month low of $38.06 and a twelve month high of $86.58. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $17.49 billion, a price-to-earnings ratio of -131.35, a PEG ratio of 15.65 and a beta of 2.09.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) earnings per share 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%. Equities analysts expect that Zillow Group will post -0.42 EPS for the current year.

Insider Buying and Selling

In other Zillow Group news, CFO Jeremy Hofmann sold 23,388 shares of the business’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $84.98, for a total value of $1,987,512.24. Following the transaction, the chief financial officer now owns 99,362 shares in the company, valued at approximately $8,443,782.76. The trade was a 19.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jennifer Rock sold 8,225 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $73.05, for a total transaction of $600,836.25. Following the sale, the chief accounting officer now owns 61,424 shares of the company’s stock, valued at approximately $4,487,023.20. This represents a 11.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 142,730 shares of company stock worth $10,896,034 in the last ninety days. 17.14% of the stock is owned by insiders.

Hedge Funds Weigh In On Zillow Group

Several hedge funds have recently made changes to their positions in the business. Norges Bank purchased a new position in shares of Zillow Group during the fourth quarter valued at about $165,326,000. Arrowstreet Capital Limited Partnership boosted its position in Zillow Group by 1,261.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 260,465 shares of the technology company’s stock valued at $18,454,000 after acquiring an additional 241,331 shares in the last quarter. Virtu Financial LLC boosted its position in Zillow Group by 101.3% during the 4th quarter. Virtu Financial LLC now owns 420,255 shares of the technology company’s stock valued at $29,775,000 after acquiring an additional 211,482 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Zillow Group during the 4th quarter worth approximately $14,916,000. Finally, Cynosure Group LLC bought a new position in shares of Zillow Group in the 3rd quarter worth approximately $12,248,000. 20.32% of the stock is owned by hedge funds and other 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.