Zillow Group (NASDAQ:Z) Price Target Increased to $90.00 by Analysts at Jefferies Financial Group

Zillow Group (NASDAQ:Z) had its price target hoisted by analysts at Jefferies Financial Group from $80.00 to $90.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Jefferies Financial Group’s price objective points to a potential upside of 45.44% from the company’s previous close.

Other equities analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft upped their target price on Zillow Group from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Wedbush upgraded Zillow Group from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $50.00 to $80.00 in a research note on Monday, September 16th. UBS Group raised Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Bank of America raised their price objective on Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Cantor Fitzgerald upgraded shares of Zillow Group to a “hold” rating in a report on Thursday, September 5th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $70.33.

Zillow Group Trading Down 1.7 %

NASDAQ:Z traded down $1.06 during trading hours on Tuesday, hitting $61.88. 281,400 shares of the company were exchanged, compared to its average volume of 3,768,670. The company has a fifty day simple moving average of $59.68 and a 200 day simple moving average of $50.35. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $14.62 billion, a price-to-earnings ratio of -90.13 and a beta of 1.95. Zillow Group has a one year low of $33.80 and a one year high of $68.73.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings results on Wednesday, August 7th. The financial services provider reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.13. Zillow Group had a negative net margin of 6.81% and a negative return on equity of 2.50%. The business had revenue of $572.00 million for the quarter, compared to analysts’ expectations of $539.74 million. Sell-side analysts expect that Zillow Group will post -0.33 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Amy Bohutinsky sold 20,625 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total value of $1,386,618.75. Following the sale, the director now owns 5,652 shares in the company, valued at approximately $379,983.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Dan Spaulding sold 2,991 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $53.18, for a total transaction of $159,061.38. Following the sale, the insider now owns 70,342 shares in the company, valued at approximately $3,740,787.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Amy Bohutinsky sold 20,625 shares of Zillow Group stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the sale, the director now directly owns 5,652 shares of the company’s stock, valued at $379,983.96. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 221,999 shares of company stock valued at $11,780,363. Company insiders own 23.76% of the company’s stock.

Institutional Trading of Zillow Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Concord Wealth Partners bought a new stake in shares of Zillow Group in the 1st quarter valued at about $26,000. Larson Financial Group LLC increased its stake in Zillow Group by 364.4% in the 2nd quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 481 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Zillow Group by 400.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 400 shares during the period. V Square Quantitative Management LLC purchased a new position in shares of Zillow Group in the third quarter worth $35,000. Finally, Fidelis Capital Partners LLC bought a new stake in Zillow Group during the 1st quarter valued at $37,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

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.