Bank of America Increases Zillow Group (NASDAQ:ZG) Price Target to $84.00

Zillow Group (NASDAQ:ZG) had its price objective increased by Bank of America from $81.00 to $84.00 in a research note published on Wednesday,Benzinga reports. Bank of America currently has a neutral rating on the technology company’s stock.

A number of other equities research analysts also recently weighed in on ZG. UBS Group raised their price target on shares of Zillow Group from $90.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Stephens restated an “overweight” rating and issued a $73.00 target price on shares of Zillow Group in a research report on Wednesday. Benchmark upped their price target on shares of Zillow Group from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Barclays raised their price objective on Zillow Group from $36.00 to $50.00 and gave the company an “underweight” rating in a report on Friday, November 8th. Finally, Baird R W raised Zillow Group to a “hold” rating in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.95.

Zillow Group Stock Down 10.7 %

NASDAQ ZG opened at $74.87 on Wednesday. The business has a fifty day moving average price of $75.68 and a two-hundred day moving average price of $65.73. The stock has a market capitalization of $17.49 billion, a PE ratio of -131.35, a PEG ratio of 15.65 and a beta of 2.09. Zillow Group has a fifty-two week low of $38.06 and a fifty-two week high of $86.58. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. Equities analysts expect that Zillow Group will post -0.42 earnings per share for the current fiscal year.

Insider Activity

In other Zillow Group news, CFO Jeremy Hofmann sold 1,612 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total value of $136,987.76. Following the transaction, the chief financial officer now directly owns 99,362 shares of the company’s stock, valued at approximately $8,443,782.76. The trade was a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO David A. Beitel sold 56,750 shares of the firm’s 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 sale, the chief technology officer now directly owns 92 shares of the company’s stock, valued at approximately $6,659.88. This trade represents a 99.84 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 142,730 shares of company stock valued at $10,896,034. 17.14% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. raised its stake in Zillow Group by 70.2% during the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock worth $30,000 after buying an additional 172 shares during the period. Asset Dedication LLC bought a new stake in shares of Zillow Group during the fourth quarter valued at approximately $47,000. Assetmark Inc. lifted its holdings in shares of Zillow Group by 18,875.0% in the 4th quarter. Assetmark Inc. now owns 759 shares of the technology company’s stock worth $54,000 after purchasing an additional 755 shares in the last quarter. Jones Financial Companies Lllp grew its position in Zillow Group by 24.0% in the 4th quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock valued at $58,000 after purchasing an additional 159 shares during the period. Finally, Daiwa Securities Group Inc. acquired a new stake in Zillow Group in the 4th quarter valued at $63,000. 20.32% of the stock is 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.