Analysts Set Zillow Group, Inc. (NASDAQ:Z) Target Price at $70.33

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

Several equities analysts have commented on the stock. Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $50.00 to $80.00 in a research note on Monday, September 16th. Craig Hallum raised Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 9th. Jefferies Financial Group upped their price objective on Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, UBS Group upgraded shares of Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th.

Insider Buying and Selling

In related news, CAO Jennifer Rock sold 3,187 shares of Zillow Group stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $74.00, for a total transaction of $235,838.00. Following the completion of the sale, the chief accounting officer now owns 69,649 shares in the company, valued at approximately $5,154,026. This trade represents a 4.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Jeremy Hofmann sold 7,155 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $56.89, for a total transaction of $407,047.95. Following the completion of the transaction, the chief financial officer now directly owns 111,239 shares of the company’s stock, valued at approximately $6,328,386.71. This represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 133,419 shares of company stock valued at $9,369,723. 23.76% of the stock is owned by insiders.

Institutional Investors Weigh In On Zillow Group

Several hedge funds have recently modified their holdings of the stock. Larson Financial Group LLC raised its holdings in shares of Zillow Group by 364.4% during the 2nd quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock valued at $28,000 after buying an additional 481 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Zillow Group by 400.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 400 shares in the last quarter. V Square Quantitative Management LLC bought a new position in Zillow Group during the 3rd quarter worth approximately $35,000. Blue Trust Inc. lifted its stake in Zillow Group by 66.3% during the third quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 313 shares during the last quarter. Finally, Quarry LP acquired a new position in shares of Zillow Group in the 2nd quarter valued at about $61,000. 71.01% of the stock is owned by institutional investors and hedge funds.

Zillow Group Stock Performance

Shares of Zillow Group stock opened at $73.32 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. The stock has a market capitalization of $17.12 billion, a price-to-earnings ratio of -128.63 and a beta of 1.95. The business has a 50-day moving average of $64.00 and a 200 day moving average of $53.43. Zillow Group has a 12 month low of $37.63 and a 12 month high of $76.69.

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.