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

Zillow Group (NASDAQ:ZG) had its price target lifted by DA Davidson from $75.00 to $80.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Other equities research analysts have also issued reports about the company. JMP Securities lifted their price target on Zillow Group from $82.00 to $92.00 and gave the company a “market outperform” rating in a research report on Monday, December 16th. Evercore ISI upped their price target on Zillow Group from $55.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $47.00 price objective on shares of Zillow Group in a research note on Monday, October 7th. Susquehanna upped their price objective on Zillow Group from $55.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Finally, Barclays increased their price target on Zillow Group from $36.00 to $50.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.00.

Zillow Group Stock Performance

Zillow Group stock opened at $68.26 on Wednesday. The business has a 50 day moving average of $73.50 and a 200-day moving average of $60.45. Zillow Group has a 1 year low of $38.06 and a 1 year high of $83.67. The company has a market capitalization of $15.94 billion, a P/E ratio of -119.75 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.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The business had revenue of $581.00 million during the quarter, compared to analyst estimates of $555.45 million. During the same period in the prior year, the firm posted ($0.12) EPS. Zillow Group’s quarterly revenue was up 17.1% compared to the same quarter last year. On average, equities research analysts predict that Zillow Group will post -0.34 earnings per share for the current year.

Insiders Place Their Bets

In other Zillow Group news, General Counsel Bradley D. Owens sold 1,846 shares of Zillow Group stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $73.03, for a total transaction of $134,813.38. Following the transaction, the general counsel now directly owns 29,893 shares of the company’s stock, valued at $2,183,085.79. The trade was a 5.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Susan Daimler sold 3,694 shares of Zillow Group stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total transaction of $273,282.12. Following the transaction, the insider now directly owns 18,770 shares in the company, valued at approximately $1,388,604.60. This trade represents a 16.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 139,689 shares of company stock valued at $10,395,879 in the last ninety days. Insiders own 17.14% of the company’s stock.

Institutional Trading of Zillow Group

Hedge funds have recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC boosted its holdings in Zillow Group by 9.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,669 shares of the technology company’s stock worth $210,000 after purchasing an additional 421 shares during the period. Creative Planning boosted its holdings in shares of Zillow Group by 7.2% during the third quarter. Creative Planning now owns 6,537 shares of the technology company’s stock valued at $405,000 after acquiring an additional 439 shares during the period. Future Financial Wealth Managment LLC acquired a new position in shares of Zillow Group during the third quarter valued at $29,000. GAMMA Investing LLC boosted its holdings in shares of Zillow Group by 86.7% during the third quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock valued at $75,000 after acquiring an additional 561 shares during the period. Finally, Vontobel Holding Ltd. boosted its holdings 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 valued at $1,016,000 after acquiring an additional 750 shares during the period. Hedge funds and other institutional investors own 20.32% 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.