Zillow Group (NASDAQ:ZG) Hits New 1-Year High – Should You Buy?

Zillow Group, Inc. (NASDAQ:ZG)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $86.58 and last traded at $83.84, with a volume of 1436496 shares trading hands. The stock had previously closed at $85.29.

Analyst Ratings Changes

A number of research firms have weighed in on ZG. Piper Sandler upped their price objective on shares of Zillow Group from $73.00 to $93.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Susquehanna upped their price target on shares of Zillow Group from $55.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Barclays raised their price target on shares of Zillow Group from $36.00 to $50.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. UBS Group boosted their price objective on Zillow Group from $90.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, Benchmark raised their target price on Zillow Group from $80.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $78.00.

Zillow Group Stock Down 1.7 %

The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. The business has a 50 day simple moving average of $75.77 and a 200-day simple moving average of $65.66. The firm has a market capitalization of $19.58 billion, a price-to-earnings ratio of -147.09, a P/E/G ratio of 15.65 and a beta of 2.09.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) earnings per share (EPS) 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, equities analysts expect that Zillow Group, Inc. will post -0.42 EPS for the current year.

Insider Transactions at Zillow Group

In other news, COO Jun Choo sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $75.10, for a total value of $751,000.00. Following the transaction, the chief operating officer now directly owns 88,130 shares in the company, valued at approximately $6,618,563. This represents a 10.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Bradley D. Owens sold 1,846 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was 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 position. The disclosure for this sale can be found here. Insiders sold 142,730 shares of company stock worth $10,896,034 in the last 90 days. Insiders own 17.14% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

A number of institutional investors have recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in Zillow Group by 70.2% during the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock worth $30,000 after buying an additional 172 shares in the last quarter. Asset Dedication LLC acquired a new stake in shares of Zillow Group in the fourth quarter valued at $47,000. Assetmark Inc. boosted its holdings in Zillow Group by 18,875.0% in the fourth quarter. Assetmark Inc. now owns 759 shares of the technology company’s stock valued at $54,000 after purchasing an additional 755 shares during the period. Jones Financial Companies Lllp grew its stake in Zillow Group by 24.0% during the 4th quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock worth $58,000 after purchasing an additional 159 shares in the last quarter. Finally, Daiwa Securities Group Inc. purchased a new stake in Zillow Group during the 4th quarter worth about $63,000. 20.32% of the stock is 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.