Zillow Group (NASDAQ:ZG) Research Coverage Started at BNP Paribas Exane

BNP Paribas Exane began coverage on shares of Zillow Group (NASDAQ:ZG) in a report released on Wednesday morning, MarketBeat reports. The brokerage issued an outperform rating and a $85.00 target price on the technology company’s stock.

A number of other research analysts also recently issued reports on the company. UBS Group reduced their price target on Zillow Group from $95.00 to $92.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Cantor Fitzgerald reduced their target price on Zillow Group from $74.00 to $68.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Citizens Jmp dropped their price target on Zillow Group from $90.00 to $85.00 and set a “market outperform” rating for the company in a research note on Monday, January 12th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $78.00 price target on shares of Zillow Group in a report on Friday, October 31st. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $95.00 price objective on shares of Zillow Group in a report on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $85.08.

Zillow Group Stock Up 0.7%

Shares of NASDAQ ZG opened at $67.66 on Wednesday. The firm’s fifty day moving average is $69.21 and its 200 day moving average is $73.87. Zillow Group has a 52 week low of $56.63 and a 52 week high of $90.22. The company has a market cap of $16.38 billion, a price-to-earnings ratio of -483.25, a PEG ratio of 3.72 and a beta of 2.03.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Thursday, October 30th. The technology company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). The firm had revenue of $676.00 million during the quarter, compared to the consensus estimate of $670.28 million. Zillow Group had a negative return on equity of 0.56% and a negative net margin of 1.29%.Zillow Group’s revenue was up 16.4% on a year-over-year basis. During the same period last year, the business earned $0.35 EPS. Equities research analysts anticipate that Zillow Group will post 0.32 earnings per share for the current year.

Insider Transactions at Zillow Group

In other Zillow Group news, General Counsel Bradley D. Owens sold 2,722 shares of the company’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $67.41, for a total value of $183,490.02. Following the sale, the general counsel owned 37,974 shares in the company, valued at approximately $2,559,827.34. This represents a 6.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeremy Wacksman sold 10,855 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $69.99, for a total transaction of $759,741.45. Following the transaction, the chief executive officer directly owned 134,712 shares of the company’s stock, valued at $9,428,492.88. This represents a 7.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 67,511 shares of company stock worth $4,766,357. 17.14% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ZG. Smartleaf Asset Management LLC increased its position in shares of Zillow Group by 78.9% during the third quarter. Smartleaf Asset Management LLC now owns 424 shares of the technology company’s stock valued at $33,000 after acquiring an additional 187 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Zillow Group by 23.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,033 shares of the technology company’s stock valued at $80,000 after purchasing an additional 194 shares during the last quarter. Group One Trading LLC boosted its stake in Zillow Group by 884.7% during the 3rd quarter. Group One Trading LLC now owns 1,477 shares of the technology company’s stock valued at $110,000 after purchasing an additional 1,327 shares during the last quarter. Lavaca Capital LLC increased its holdings in shares of Zillow Group by 67.0% in the 2nd quarter. Lavaca Capital LLC now owns 1,670 shares of the technology company’s stock worth $114,000 after purchasing an additional 670 shares in the last quarter. Finally, Assetmark Inc. raised its stake in shares of Zillow Group by 207.0% in the second quarter. Assetmark Inc. now owns 1,980 shares of the technology company’s stock worth $136,000 after purchasing an additional 1,335 shares during the last quarter. Institutional investors own 20.32% of the company’s stock.

About Zillow Group

Zillow Group (NASDAQ:ZG) is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.

Zillow’s core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.