Zillow Group (NASDAQ:ZG) Price Target Raised to $47.00 at The Goldman Sachs Group

Zillow Group (NASDAQ:ZG) had its target price raised by The Goldman Sachs Group from $42.00 to $47.00 in a research note released on Thursday,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the technology company’s stock.

A number of other research analysts have also recently issued reports on the company. Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $50.00 to $80.00 in a report on Monday, September 16th. JMP Securities reaffirmed a “market outperform” rating and issued a $62.00 target price on shares of Zillow Group in a research note on Wednesday, October 9th. Evercore ISI raised their price target on shares of Zillow Group from $55.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $66.00 price objective on shares of Zillow Group in a report on Tuesday, October 22nd. Finally, Barclays lifted their target price on Zillow Group from $35.00 to $36.00 and gave the company an “underweight” rating in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $65.28.

Zillow Group Trading Up 0.8 %

Shares of NASDAQ ZG traded up $0.54 during mid-day trading on Thursday, hitting $70.63. 410,589 shares of the stock were exchanged, compared to its average volume of 623,155. Zillow Group has a twelve month low of $34.33 and a twelve month high of $71.28. The stock’s fifty day simple moving average is $59.25 and its two-hundred day simple moving average is $50.30. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.12 and a current ratio of 2.12.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Wednesday, August 7th. The technology company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.08. The firm had revenue of $572.00 million during the quarter, compared to analysts’ expectations of $538.36 million. Zillow Group had a negative return on equity of 2.34% and a negative net margin of 6.17%. The business’s revenue was up 13.0% on a year-over-year basis. During the same period last year, the firm posted ($0.05) EPS. As a group, equities research analysts forecast that Zillow Group will post -0.33 EPS for the current year.

Insider Buying and Selling at Zillow Group

In related news, Director Amy Bohutinsky sold 20,625 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total value of $1,386,618.75. Following the completion of the sale, the director now directly owns 5,652 shares in the company, valued at $379,983.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CAO Jennifer Rock sold 3,208 shares of Zillow Group stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $52.84, for a total value of $169,510.72. Following the completion of the sale, the chief accounting officer now directly owns 76,486 shares in the company, valued at approximately $4,041,520.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Amy Bohutinsky sold 20,625 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total value of $1,386,618.75. Following the sale, the director now directly owns 5,652 shares in the company, valued at $379,983.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 67,596 shares of company stock valued at $3,938,581 in the last three months. 17.14% of the stock is currently owned by company insiders.

Institutional Trading of Zillow Group

Institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in shares of Zillow Group by 8.7% in the second quarter. Dimensional Fund Advisors LP now owns 441,800 shares of the technology company’s stock worth $19,901,000 after purchasing an additional 35,503 shares during the period. Selkirk Management LLC grew its stake in Zillow Group by 37.4% during the second quarter. Selkirk Management LLC now owns 320,800 shares of the technology company’s stock worth $14,449,000 after buying an additional 87,300 shares in the last quarter. US Bancorp DE increased its holdings in Zillow Group by 6.5% in the 3rd quarter. US Bancorp DE now owns 297,819 shares of the technology company’s stock valued at $18,444,000 after buying an additional 18,136 shares during the period. Raymond James & Associates increased its holdings in Zillow Group by 7.0% in the 2nd quarter. Raymond James & Associates now owns 193,023 shares of the technology company’s stock valued at $8,694,000 after buying an additional 12,616 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Zillow Group by 4.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 162,647 shares of the technology company’s stock valued at $7,326,000 after buying an additional 7,311 shares in the last quarter. 20.32% of the stock is currently owned by institutional investors.

About Zillow Group

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.