DA Davidson Increases Zillow Group (NASDAQ:ZG) Price Target to $90.00

Zillow Group (NASDAQ:ZG) had its target price hoisted by equities research analysts at DA Davidson from $75.00 to $90.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. DA Davidson’s target price suggests a potential upside of 17.48% from the stock’s current price.

A number of other research analysts have also weighed in on ZG. KeyCorp raised shares of Zillow Group from a “sector weight” rating to an “overweight” rating and set a $100.00 price objective on the stock in a research note on Monday, February 3rd. Craig Hallum increased their target price on shares of Zillow Group from $70.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. UBS Group increased their target price on shares of Zillow Group from $90.00 to $98.00 and gave the company a “buy” rating in a report on Monday, January 27th. Susquehanna increased their target price on shares of Zillow Group from $55.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Finally, JMP Securities increased their target price on shares of Zillow Group from $82.00 to $92.00 and gave the company a “market outperform” rating in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Zillow Group presently has a consensus rating of “Moderate Buy” and an average price target of $80.95.

Zillow Group Stock Down 8.6 %

Shares of Zillow Group stock traded down $7.23 during trading hours on Wednesday, reaching $76.61. The company’s stock had a trading volume of 1,489,822 shares, compared to its average volume of 483,407. Zillow Group has a one year low of $38.06 and a one year high of $86.58. The company has a market capitalization of $17.89 billion, a P/E ratio of -134.40, a P/E/G ratio of 15.65 and a beta of 2.09. The stock’s fifty day simple moving average is $75.77 and its two-hundred day simple moving average is $65.66. 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 (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%. On average, research analysts forecast that Zillow Group will post -0.42 earnings per share for the current year.

Insider Transactions at Zillow Group

In other news, CFO Jeremy Hofmann sold 1,612 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $84.98, for a total value of $136,987.76. Following the completion of the transaction, the chief financial officer now directly owns 99,362 shares in the company, valued at approximately $8,443,782.76. This trade represents a 1.60 % 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, insider Dan Spaulding sold 4,565 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $86.22, for a total transaction of $393,594.30. Following the completion of the transaction, the insider now owns 58,217 shares of the company’s stock, valued at $5,019,469.74. This trade represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 142,730 shares of company stock worth $10,896,034 over the last quarter. Corporate insiders own 17.14% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

A number of large investors have recently modified their holdings of the company. Jones Financial Companies Lllp boosted its position in shares of Zillow Group by 24.0% in the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock valued at $58,000 after acquiring an additional 159 shares during the period. Blue Trust Inc. boosted its position in shares of Zillow Group by 70.2% in the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock valued at $30,000 after acquiring an additional 172 shares during the period. Creative Planning boosted its position in shares of Zillow Group by 7.2% in 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. Baillie Gifford & Co. boosted its position in shares of Zillow Group by 0.6% in the fourth quarter. Baillie Gifford & Co. now owns 92,025 shares of the technology company’s stock valued at $6,520,000 after acquiring an additional 509 shares during the period. Finally, GAMMA Investing LLC lifted its position in 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 purchasing an additional 561 shares during the last quarter. 20.32% of the stock is currently owned by 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.