Brokerages Set Zillow Group, Inc. (NASDAQ:Z) Price Target at $67.83

Shares of Zillow Group, Inc. (NASDAQ:Z) have received a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $70.33.

Several research analysts recently weighed in on Z shares. Morgan Stanley raised their target price on Zillow Group from $46.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research report on Thursday, August 8th. Bank of America boosted their target price on shares of Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $50.00 to $80.00 in a report on Monday, September 16th. Finally, Cantor Fitzgerald raised Zillow Group to a “hold” rating in a report on Thursday, September 5th.

Insider Transactions at Zillow Group

In other Zillow Group news, Director Amy Bohutinsky sold 20,625 shares of the business’s 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 sale, the director now directly owns 5,652 shares of the company’s stock, valued at $379,983.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Zillow Group news, Director Amy Bohutinsky sold 20,625 shares of Zillow Group stock in a transaction dated Wednesday, September 18th. The stock was 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 of the company’s stock, valued at $379,983.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Bradley D. Owens sold 752 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $53.13, for a total transaction of $39,953.76. Following the completion of the sale, the general counsel now directly owns 35,259 shares of the company’s stock, valued at $1,873,310.67. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 221,999 shares of company stock valued at $11,780,363 over the last ninety days. Corporate insiders own 23.76% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

A number of institutional investors have recently modified their holdings of Z. Dorsal Capital Management LP lifted its holdings in shares of Zillow Group by 59.8% during the 2nd quarter. Dorsal Capital Management LP now owns 3,100,000 shares of the financial services provider’s stock valued at $143,809,000 after buying an additional 1,160,000 shares during the last quarter. Natixis acquired a new stake in Zillow Group in the first quarter valued at approximately $41,129,000. Greencape Capital Pty Ltd grew its position in Zillow Group by 93.0% in the first quarter. Greencape Capital Pty Ltd now owns 1,632,790 shares of the financial services provider’s stock worth $79,647,000 after acquiring an additional 786,600 shares in the last quarter. Coronation Fund Managers Ltd. increased its stake in shares of Zillow Group by 238.9% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 864,733 shares of the financial services provider’s stock worth $40,115,000 after purchasing an additional 609,575 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of Zillow Group by 8,162.8% during the 3rd quarter. International Assets Investment Management LLC now owns 246,397 shares of the financial services provider’s stock valued at $15,732,000 after purchasing an additional 243,415 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Zillow Group Stock Up 0.4 %

Z stock opened at $59.79 on Tuesday. The firm’s 50-day moving average is $60.07 and its two-hundred day moving average is $50.58. The company has a market capitalization of $14.12 billion, a price-to-earnings ratio of -86.65 and a beta of 1.95. Zillow Group has a 52 week low of $33.80 and a 52 week high of $68.73. 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 (NASDAQ:Z) last released its earnings results on Wednesday, August 7th. The financial services provider reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.13. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. The firm had revenue of $572.00 million during the quarter, compared to the consensus estimate of $539.74 million. On average, analysts forecast that Zillow Group will post -0.33 earnings per share 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.