Analysts Set Zillow Group, Inc. (NASDAQ:Z) Target Price at $88.29

Zillow Group, Inc. (NASDAQ:Z) has earned a consensus rating of “Hold” from the thirteen analysts that are currently covering the firm, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $88.2857.

A number of analysts recently issued reports on Z shares. Bank of America lifted their price objective on Zillow Group from $81.00 to $88.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Keefe, Bruyette & Woods reduced their price objective on Zillow Group from $80.00 to $76.00 and set a “market perform” rating for the company in a research report on Wednesday, May 7th. Wells Fargo & Company raised Zillow Group to a “hold” rating in a research report on Monday, April 28th. Wedbush reissued an “outperform” rating and set a $100.00 price objective on shares of Zillow Group in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. boosted their price target on Zillow Group from $79.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th.

Zillow Group Trading Up 7.4%

Z opened at $87.44 on Monday. The stock has a market cap of $21.18 billion, a price-to-earnings ratio of -336.31, a PEG ratio of 16.47 and a beta of 2.09. Zillow Group has a 1 year low of $52.86 and a 1 year high of $89.39. The stock has a fifty day moving average price of $77.22 and a 200 day moving average price of $72.63.

Insider Buying and Selling

In other Zillow Group news, General Counsel Bradley D. Owens sold 3,014 shares of the business’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $85.35, for a total value of $257,244.90. Following the completion of the sale, the general counsel owned 42,593 shares of the company’s stock, valued at $3,635,312.55. The trade was a 6.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeremy Wacksman sold 11,275 shares of the business’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $85.73, for a total value of $966,605.75. Following the completion of the sale, the chief executive officer directly owned 153,113 shares of the company’s stock, valued at $13,126,377.49. This represents a 6.86% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 580,379 shares of company stock valued at $49,319,729. 23.76% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Zillow Group

A number of institutional investors have recently made changes to their positions in Z. IFP Advisors Inc increased its stake in shares of Zillow Group by 288.9% in the first quarter. IFP Advisors Inc now owns 455 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 338 shares during the period. TD Private Client Wealth LLC increased its stake in shares of Zillow Group by 352.0% in the second quarter. TD Private Client Wealth LLC now owns 452 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 352 shares during the period. SBI Securities Co. Ltd. increased its stake in shares of Zillow Group by 58.2% in the second quarter. SBI Securities Co. Ltd. now owns 503 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 185 shares during the period. National Pension Service increased its stake in shares of Zillow Group by 74.8% in the first quarter. National Pension Service now owns 577 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 247 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Zillow Group by 47.7% in the first quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 196 shares during the period. 71.01% of the stock is currently 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.