Analysts Set Zillow Group, Inc. (NASDAQ:ZG) PT at $83.00

Zillow Group, Inc. (NASDAQ:ZG) has earned an average rating of “Moderate Buy” from the twenty-one research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $82.25.

A number of analysts recently commented on the company. UBS Group boosted their target price on Zillow Group from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Stephens reiterated an “overweight” rating and set a $73.00 price target on shares of Zillow Group in a research note on Wednesday, February 12th. Citigroup boosted their target price on Zillow Group from $95.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Royal Bank of Canada reiterated an “outperform” rating and issued a $88.00 price objective on shares of Zillow Group in a research note on Wednesday, February 12th. Finally, JMP Securities upped their price objective on Zillow Group from $82.00 to $92.00 and gave the company a “market outperform” rating in a research note on Monday, December 16th.

Insider Buying and Selling at Zillow Group

In related news, COO Jun Choo sold 55,000 shares of Zillow Group stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the transaction, the chief operating officer now owns 86,853 shares in the company, valued at approximately $6,790,167.54. The trade was a 38.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jennifer Rock sold 5,796 shares of Zillow Group stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $75.50, for a total transaction of $437,598.00. Following the completion of the sale, the chief accounting officer now owns 51,370 shares in the company, valued at approximately $3,878,435. This represents a 10.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 96,065 shares of company stock valued at $7,660,165. Corporate insiders own 17.14% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

A number of large investors have recently made changes to their positions in the company. Pilgrim Partners Asia Pte Ltd purchased a new stake in Zillow Group in the 4th quarter valued at about $27,000. Blue Trust Inc. boosted its position in Zillow Group by 70.2% in the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock valued at $30,000 after buying an additional 172 shares during the period. Asset Dedication LLC purchased a new stake in Zillow Group in the 4th quarter valued at about $47,000. Assetmark Inc. lifted its position in shares of Zillow Group by 18,875.0% in the 4th quarter. Assetmark Inc. now owns 759 shares of the technology company’s stock worth $54,000 after purchasing an additional 755 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake in shares of Zillow Group by 24.0% during the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock valued at $58,000 after purchasing an additional 159 shares in the last quarter. 20.32% of the stock is owned by hedge funds and other institutional investors.

Zillow Group Trading Up 0.7 %

Shares of ZG opened at $69.78 on Monday. The company has a market capitalization of $16.93 billion, a PE ratio of -148.47, a PEG ratio of 8.90 and a beta of 2.33. Zillow Group has a 12 month low of $38.06 and a 12 month high of $86.58. The stock’s 50-day moving average price is $74.99 and its two-hundred day moving average price is $70.08.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. Equities research analysts predict that Zillow Group will post 0.32 EPS for the current fiscal year.

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.