Zillow Group (NASDAQ:Z) Price Target Raised to $95.00 at Deutsche Bank Aktiengesellschaft

Zillow Group (NASDAQ:Z) had its price target upped by equities research analysts at Deutsche Bank Aktiengesellschaft from $90.00 to $95.00 in a research note issued on Tuesday. The brokerage presently has a “buy” rating on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 10.06% from the stock’s previous close.

A number of other research firms have also commented on Z. Baird R W raised shares of Zillow Group to a “hold” rating in a research note on Friday, January 31st. KeyCorp raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. Bank of America increased their price target on shares of Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Finally, Jefferies Financial Group increased their price objective on Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Zillow Group has an average rating of “Moderate Buy” and an average target price of $78.67.

Zillow Group Price Performance

NASDAQ Z traded down $1.65 on Tuesday, reaching $86.32. The company’s stock had a trading volume of 4,212,111 shares, compared to its average volume of 2,396,615. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. Zillow Group has a twelve month low of $38.45 and a twelve month high of $89.39. The stock has a market cap of $20.16 billion, a PE ratio of -151.44, a PEG ratio of 16.20 and a beta of 2.03. The firm’s 50 day moving average is $78.77 and its two-hundred day moving average is $67.80.

Insider Buying and Selling at Zillow Group

In related news, insider Susan Daimler sold 3,694 shares of Zillow Group stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $273,282.12. Following the completion of the sale, the insider now directly owns 18,770 shares in the company, valued at $1,388,604.60. This trade represents a 16.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jennifer Rock sold 3,187 shares of Zillow Group stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $74.00, for a total value of $235,838.00. Following the completion of the sale, the chief accounting officer now owns 69,649 shares of the company’s stock, valued at approximately $5,154,026. The trade was a 4.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 164,689 shares of company stock valued at $12,520,379. 23.76% of the stock is currently owned by company insiders.

Institutional Trading of Zillow Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Zillow Group by 400.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock worth $32,000 after buying an additional 400 shares during the period. V Square Quantitative Management LLC bought a new stake in Zillow Group in the 3rd quarter valued at approximately $35,000. Blue Trust Inc. lifted its stake in Zillow Group by 66.3% in the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 313 shares in the last quarter. Assetmark Inc. lifted its stake in Zillow Group by 7,410.0% in the 4th quarter. Assetmark Inc. now owns 751 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 741 shares in the last quarter. Finally, Brooklyn Investment Group bought a new stake in Zillow Group in the 3rd quarter valued at approximately $74,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Zillow Group Company Profile

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.