Zillow Group (NASDAQ:Z) PT Raised to $90.00 at Jefferies Financial Group

Zillow Group (NASDAQ:Z) had its price objective hoisted by investment analysts at Jefferies Financial Group from $80.00 to $90.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 45.44% from the stock’s current price.

Z has been the subject of a number of other research reports. Craig Hallum upgraded Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Cantor Fitzgerald upgraded shares of Zillow Group to a “hold” rating in a research note on Thursday, September 5th. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Thursday, August 8th. Morgan Stanley increased their target price on Zillow Group from $46.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Finally, Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $50.00 to $80.00 in a research note on Monday, September 16th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $70.33.

Zillow Group Trading Down 1.7 %

NASDAQ Z traded down $1.06 during trading on Tuesday, hitting $61.88. The company had a trading volume of 281,400 shares, compared to its average volume of 3,768,670. The company’s fifty day moving average is $59.68 and its 200-day moving average is $50.35. The company has a market cap of $14.62 billion, a price-to-earnings ratio of -90.13 and a beta of 1.95. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.11. Zillow Group has a one year low of $33.80 and a one year high of $68.73.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings data on Wednesday, August 7th. The financial services provider reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.13. Zillow Group had a negative net margin of 6.81% and a negative return on equity of 2.50%. The business had revenue of $572.00 million during the quarter, compared to analyst estimates of $539.74 million. On average, sell-side analysts predict that Zillow Group will post -0.33 earnings per share for the current year.

Insider Transactions at Zillow Group

In other Zillow Group news, Director Amy Bohutinsky sold 20,625 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total value of $1,386,618.75. Following the transaction, the director now directly owns 5,652 shares in the company, valued at approximately $379,983.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Zillow Group news, Director Thielke Claire Cormier sold 2,826 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $61.11, for a total value of $172,696.86. Following the completion of the transaction, the director now directly owns 2,826 shares in the company, valued at $172,696.86. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Amy Bohutinsky sold 20,625 shares of Zillow Group stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the transaction, the director now owns 5,652 shares in the company, valued at approximately $379,983.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 221,999 shares of company stock worth $11,780,363 in the last ninety days. Insiders own 23.76% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

A number of institutional investors and hedge funds have recently bought and sold shares of Z. Doliver Advisors LP grew its stake in Zillow Group by 3.3% during the third quarter. Doliver Advisors LP now owns 9,681 shares of the financial services provider’s stock valued at $618,000 after acquiring an additional 310 shares in the last quarter. Blue Trust Inc. grew its position in shares of Zillow Group by 66.3% during the third quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 313 shares in the last quarter. Flynn Zito Capital Management LLC increased its holdings in shares of Zillow Group by 7.2% in the second quarter. Flynn Zito Capital Management LLC now owns 4,810 shares of the financial services provider’s stock worth $223,000 after purchasing an additional 325 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Zillow Group by 400.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock worth $32,000 after buying an additional 400 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in Zillow Group by 0.5% during the first quarter. Commonwealth Equity Services LLC now owns 86,527 shares of the financial services provider’s stock valued at $4,221,000 after buying an additional 403 shares during the last quarter. 71.01% of the stock is owned by institutional investors.

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.