Zillow Group, Inc. (NASDAQ:ZG) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Zillow Group, Inc. (NASDAQ:ZG) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-one ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and thirteen have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $83.00.

ZG has been the topic of several research analyst reports. Citigroup boosted their price objective on Zillow Group from $95.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Evercore ISI boosted their price objective on Zillow Group from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. KeyCorp raised Zillow Group from a “sector weight” rating to an “overweight” rating and set a $100.00 target price on the stock in a research note on Monday, February 3rd. UBS Group upped their target price on Zillow Group from $90.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Benchmark upped their target price on Zillow Group from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th.

Zillow Group Stock Performance

NASDAQ:ZG opened at $68.50 on Monday. The stock has a 50-day simple moving average of $75.03 and a two-hundred day simple moving average of $69.52. Zillow Group has a 52-week low of $38.06 and a 52-week high of $86.58. The firm has a market capitalization of $16.62 billion, a PE ratio of -145.74, a P/E/G ratio of 8.90 and a beta of 2.33.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. Equities analysts forecast that Zillow Group will post 0.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Errol G. Samuelson sold 6,967 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $541,475.24. Following the completion of the sale, the insider now owns 127,467 shares in the company, valued at approximately $9,906,735.24. This represents a 5.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jun Choo sold 55,000 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $78.18, for a total value of $4,299,900.00. Following the sale, the chief operating officer now owns 86,853 shares of the company’s stock, valued at approximately $6,790,167.54. This represents a 38.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 96,065 shares of company stock worth $7,660,165 over the last 90 days. Company insiders own 17.14% of the company’s stock.

Institutional Trading of Zillow Group

Several hedge funds and other institutional investors have recently made changes to their positions in ZG. Norges Bank purchased a new stake in shares of Zillow Group during the 4th quarter valued at $165,326,000. Arrowstreet Capital Limited Partnership raised its stake in Zillow Group by 1,261.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 260,465 shares of the technology company’s stock worth $18,454,000 after acquiring an additional 241,331 shares during the last quarter. Virtu Financial LLC raised its stake in Zillow Group by 101.3% in the 4th quarter. Virtu Financial LLC now owns 420,255 shares of the technology company’s stock worth $29,775,000 after acquiring an additional 211,482 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Zillow Group in the 4th quarter worth $14,916,000. Finally, Cynosure Group LLC purchased a new position in Zillow Group in the 3rd quarter worth $12,248,000. Hedge funds and other institutional investors own 20.32% of the company’s stock.

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.