Zillow Group, Inc. (NASDAQ:ZG) Receives Consensus Rating of “Moderate Buy” from Analysts

Zillow Group, Inc. (NASDAQ:ZG) has received an average recommendation of “Moderate Buy” from the twenty-two research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and thirteen have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $82.25.

A number of analysts have issued reports on the stock. Citigroup lifted their price target on shares of Zillow Group from $95.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Benchmark lifted their target price on Zillow Group from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Royal Bank of Canada reissued an “outperform” rating and set a $88.00 price target on shares of Zillow Group in a research note on Wednesday, February 12th. Stephens reaffirmed an “overweight” rating and issued a $73.00 price objective on shares of Zillow Group in a research note on Wednesday, February 12th. Finally, JMP Securities increased their target price on Zillow Group from $82.00 to $92.00 and gave the company a “market outperform” rating in a research report on Monday, December 16th.

Zillow Group Stock Down 6.3 %

NASDAQ:ZG opened at $60.84 on Friday. The business’s 50-day simple moving average is $71.88 and its two-hundred day simple moving average is $70.76. Zillow Group has a 52 week low of $38.06 and a 52 week high of $86.58. The stock has a market cap of $14.76 billion, a PE ratio of -129.45, a P/E/G ratio of 8.90 and a beta of 2.22.

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

Insider Transactions at Zillow Group

In other news, COO Jun Choo sold 1,277 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $99,248.44. Following the transaction, the chief operating officer now owns 86,853 shares of the company’s stock, valued at approximately $6,750,215.16. This represents a 1.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Errol G. Samuelson sold 2,854 shares of Zillow Group stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total value of $209,312.36. Following the completion of the sale, the insider now owns 142,636 shares of the company’s stock, valued at $10,460,924.24. The trade was a 1.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 98,919 shares of company stock worth $7,869,478. 17.14% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its holdings in shares of Zillow Group by 155.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 33,258 shares of the technology company’s stock valued at $2,060,000 after acquiring an additional 20,238 shares during the period. Assenagon Asset Management S.A. boosted its position in Zillow Group by 28.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 24,738 shares of the technology company’s stock valued at $1,753,000 after purchasing an additional 5,539 shares in the last quarter. Victory Capital Management Inc. grew its stake in Zillow Group by 136.3% in the fourth quarter. Victory Capital Management Inc. now owns 22,982 shares of the technology company’s stock valued at $1,628,000 after purchasing an additional 13,255 shares during the last quarter. Virtu Financial LLC raised its holdings in Zillow Group by 132.1% in the third quarter. Virtu Financial LLC now owns 208,773 shares of the technology company’s stock worth $12,929,000 after purchasing an additional 118,830 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Zillow Group by 3.3% in the third quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company’s stock worth $63,523,000 after purchasing an additional 32,766 shares in the last quarter. Hedge funds and other institutional investors own 20.32% of the company’s stock.

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.