Brokerages Set Zillow Group, Inc. (NASDAQ:Z) PT at $82.00

Zillow Group, Inc. (NASDAQ:Z) has been assigned a consensus recommendation of “Moderate Buy” from the twelve analysts that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $82.00.

Several research analysts have recently commented on Z shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Morgan Stanley raised their target price on shares of Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Baird R W upgraded shares of Zillow Group to a “hold” rating in a research note on Friday, January 31st. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 12th. Finally, KeyCorp upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 2nd.

Insider Buying and Selling at Zillow Group

In other news, insider Errol G. Samuelson sold 6,967 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.72, for a total transaction of $541,475.24. Following the completion of the transaction, the insider now directly owns 127,467 shares of the company’s stock, valued at approximately $9,906,735.24. This trade represents a 5.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO David A. Beitel sold 2,025 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.75, for a total transaction of $157,443.75. Following the transaction, the chief technology officer now directly owns 151,046 shares of the company’s stock, valued at $11,743,826.50. The trade was a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,098 shares of company stock valued at $3,611,337 in the last ninety days. Company insiders own 23.76% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

Several institutional investors have recently added to or reduced their stakes in Z. Blue Trust Inc. increased its position 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. National Bank of Canada FI acquired a new stake in shares of Zillow Group during the 4th quarter worth approximately $55,000. Assetmark Inc. grew its position in shares of Zillow Group by 7,410.0% during the 4th quarter. Assetmark Inc. now owns 751 shares of the financial services provider’s stock worth $56,000 after buying an additional 741 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Zillow Group during the 3rd quarter worth approximately $74,000. Finally, Smartleaf Asset Management LLC grew its position in shares of Zillow Group by 53.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider’s stock worth $79,000 after buying an additional 367 shares during the period. 71.01% of the stock is owned by institutional investors.

Zillow Group Stock Performance

Zillow Group stock opened at $76.66 on Monday. The firm has a market cap of $18.59 billion, a PE ratio of -163.11, a P/E/G ratio of 9.24 and a beta of 2.03. The firm’s 50 day moving average price is $78.28 and its two-hundred day moving average price is $70.39. Zillow Group has a twelve month low of $38.45 and a twelve month high of $89.39.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) EPS 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 analysts anticipate that Zillow Group will post 0.32 EPS for the current fiscal year.

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.