Zillow Group, Inc. (NASDAQ:ZG) Given Consensus Recommendation of “Moderate Buy” by Analysts

Zillow Group, Inc. (NASDAQ:ZG) has earned a consensus recommendation of “Moderate Buy” from the eighteen analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $72.71.

Several equities research analysts have issued reports on ZG shares. Cantor Fitzgerald reissued a “neutral” rating and issued a $47.00 price objective on shares of Zillow Group in a research report on Monday, October 7th. The Goldman Sachs Group boosted their price target on Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. UBS Group raised their price objective on Zillow Group from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Canaccord Genuity Group upped their target price on Zillow Group from $64.00 to $86.00 and gave the stock a “hold” rating in a report on Monday, December 2nd. Finally, JMP Securities raised their price target on Zillow Group from $82.00 to $92.00 and gave the company a “market outperform” rating in a research note on Monday, December 16th.

Insiders Place Their Bets

In other news, CAO Jennifer Rock sold 3,187 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $74.00, for a total value of $235,838.00. Following the completion of the transaction, the chief accounting officer now directly owns 69,649 shares in the company, valued at $5,154,026. This trade represents a 4.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Bradley D. Owens sold 1,212 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total value of $89,663.76. Following the completion of the sale, the general counsel now owns 31,739 shares in the company, valued at approximately $2,348,051.22. This represents a 3.68 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 139,689 shares of company stock valued at $10,395,879. 17.14% of the stock is currently owned by corporate insiders.

Institutional Trading of Zillow Group

Several large investors have recently made changes to their positions in ZG. Geode Capital Management LLC boosted 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 valued at $63,523,000 after purchasing an additional 32,766 shares during the last quarter. State Street Corp lifted its holdings in shares of Zillow Group by 0.4% in the 3rd quarter. State Street Corp now owns 805,279 shares of the technology company’s stock valued at $49,871,000 after buying an additional 2,832 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Zillow Group by 8.7% in the second quarter. Dimensional Fund Advisors LP now owns 441,800 shares of the technology company’s stock worth $19,901,000 after buying an additional 35,503 shares during the last quarter. Selkirk Management LLC grew its holdings in Zillow Group by 37.4% during the second quarter. Selkirk Management LLC now owns 320,800 shares of the technology company’s stock worth $14,449,000 after acquiring an additional 87,300 shares during the period. Finally, US Bancorp DE raised its position in Zillow Group by 6.5% during the third quarter. US Bancorp DE now owns 297,819 shares of the technology company’s stock valued at $18,444,000 after acquiring an additional 18,136 shares in the last quarter. 20.32% of the stock is owned by hedge funds and other institutional investors.

Zillow Group Stock Performance

Shares of NASDAQ:ZG opened at $69.67 on Wednesday. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group has a 12 month low of $38.06 and a 12 month high of $83.67. The company has a market capitalization of $16.27 billion, a price-to-earnings ratio of -122.23 and a beta of 2.09. The firm’s 50-day moving average is $73.29 and its 200 day moving average is $60.40.

Zillow Group (NASDAQ:ZG) last released its earnings results on Wednesday, November 6th. The technology company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The firm had revenue of $581.00 million for the quarter, compared to analysts’ expectations of $555.45 million. During the same quarter in the prior year, the firm posted ($0.12) earnings per share. The company’s quarterly revenue was up 17.1% on a year-over-year basis. Research analysts predict that Zillow Group will post -0.34 EPS for the current 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.