Zillow Group (NASDAQ:ZG) Price Target Raised to $98.00

Zillow Group (NASDAQ:ZG) had its price objective raised by UBS Group from $90.00 to $98.00 in a research note issued to investors on Monday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Several other equities analysts also recently weighed in on ZG. Barclays raised their price target on shares of Zillow Group from $36.00 to $50.00 and gave the stock an “underweight” rating in a research note on Friday, November 8th. JMP Securities raised their target price on Zillow Group from $82.00 to $92.00 and gave the stock a “market outperform” rating in a research note on Monday, December 16th. DA Davidson upped their price objective on shares of Zillow Group from $75.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Royal Bank of Canada lifted their price target on shares of Zillow Group from $66.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Piper Sandler increased their price target on Zillow Group from $73.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $74.06.

Zillow Group Stock Performance

Shares of ZG opened at $79.76 on Monday. Zillow Group has a 12 month low of $38.06 and a 12 month high of $83.67. The stock has a fifty day moving average price of $75.55 and a 200-day moving average price of $63.47. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. The firm has a market cap of $18.63 billion, a PE ratio of -139.93, a P/E/G ratio of 10.31 and a beta of 2.09.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. The business had revenue of $581.00 million during the quarter, compared to analysts’ expectations of $555.45 million. During the same period in the previous year, the business posted ($0.12) EPS. The business’s quarterly revenue was up 17.1% compared to the same quarter last year. Equities research analysts predict that Zillow Group will post -0.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Zillow Group

In other news, CTO David A. Beitel sold 56,750 shares of Zillow Group stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $72.39, for a total transaction of $4,108,132.50. Following the completion of the transaction, the chief technology officer now directly owns 92 shares in the company, valued at approximately $6,659.88. The trade was a 99.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Jennifer Rock sold 3,033 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $82.78, for a total value of $251,071.74. Following the sale, the chief accounting officer now directly owns 57,166 shares of the company’s stock, valued at $4,732,201.48. This represents a 5.04 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 139,689 shares of company stock worth $10,395,879. Corporate insiders own 17.14% of the company’s stock.

Institutional Trading of Zillow Group

A number of institutional investors have recently bought and sold shares of ZG. L & S Advisors Inc bought a new position in Zillow Group in the third quarter valued at about $1,579,000. Mirabella Financial Services LLP bought a new position in shares of Zillow Group in the 3rd quarter valued at $11,351,000. Garde Capital Inc. grew its position in Zillow Group by 132.7% during the 2nd quarter. Garde Capital Inc. now owns 139,805 shares of the technology company’s stock worth $6,297,000 after acquiring an additional 79,733 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Zillow Group by 155.4% during the third quarter. JPMorgan Chase & Co. now owns 33,258 shares of the technology company’s stock valued at $2,060,000 after purchasing an additional 20,238 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Zillow Group by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company’s stock valued at $63,523,000 after acquiring an additional 32,766 shares during the period. Institutional investors own 20.32% of the company’s stock.

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.