Zillow Group (NASDAQ:ZG) Upgraded at Baird R W

Zillow Group (NASDAQ:ZG) was upgraded by stock analysts at Baird R W to a “hold” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

Several other brokerages have also issued reports on ZG. Barclays upped their price target on Zillow Group from $36.00 to $50.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. Canaccord Genuity Group increased their price target on shares of Zillow Group from $64.00 to $86.00 and gave the company a “hold” rating in a research report on Monday, December 2nd. Evercore ISI boosted their price objective on shares of Zillow Group from $55.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Susquehanna increased their target price on shares of Zillow Group from $55.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Finally, JMP Securities boosted their price target on shares of Zillow Group from $82.00 to $92.00 and gave the company a “market outperform” rating in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $74.83.

Zillow Group Stock Performance

Zillow Group stock opened at $79.20 on Friday. The stock has a 50-day simple moving average of $75.56 and a 200 day simple moving average of $63.80. The stock has a market capitalization of $18.50 billion, a price-to-earnings ratio of -138.95, a P/E/G ratio of 10.81 and a beta of 2.09. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group has a 12-month low of $38.06 and a 12-month high of $83.67.

Zillow Group (NASDAQ:ZG) last announced its earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $581.00 million for the quarter, compared to analyst estimates of $555.45 million. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. Zillow Group’s quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the business earned ($0.12) earnings per share. On average, research analysts anticipate that Zillow Group will post -0.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CTO David A. Beitel sold 56,750 shares of Zillow Group stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $72.39, for a total value of $4,108,132.50. Following the completion of the transaction, the chief technology officer now owns 92 shares of the company’s stock, valued at $6,659.88. This trade represents a 99.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Bradley D. Owens sold 1,846 shares of Zillow Group stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $73.03, for a total value of $134,813.38. Following the transaction, the general counsel now owns 29,893 shares of the company’s stock, valued at $2,183,085.79. The trade was a 5.82 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 164,689 shares of company stock worth $12,520,379. 17.14% of the stock is owned by insiders.

Hedge Funds Weigh In On Zillow Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZG. GAMMA Investing LLC grew its holdings in Zillow Group by 86.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock valued at $75,000 after buying an additional 561 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of Zillow Group in the third quarter valued at about $29,000. CWM LLC increased its position in Zillow Group by 18.6% during the third quarter. CWM LLC now owns 34,258 shares of the technology company’s stock worth $2,122,000 after acquiring an additional 5,377 shares during the period. Creative Planning boosted its holdings in Zillow Group by 7.2% in the 3rd quarter. Creative Planning now owns 6,537 shares of the technology company’s stock valued at $405,000 after purchasing an additional 439 shares during the period. Finally, Vontobel Holding Ltd. boosted its holdings in Zillow Group by 4.8% in the 3rd quarter. Vontobel Holding Ltd. now owns 16,407 shares of the technology company’s stock valued at $1,016,000 after purchasing an additional 750 shares during the period. 20.32% of the stock is 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.