William Blair Begins Coverage on Zillow Group (NASDAQ:ZG)

Analysts at William Blair initiated coverage on shares of Zillow Group (NASDAQ:ZG) in a report issued on Monday,Briefing.com Automated Import reports. The brokerage set a “market perform” rating on the technology company’s stock.

Several other brokerages also recently commented on ZG. Royal Bank of Canada reissued an “outperform” rating and issued a $88.00 target price on shares of Zillow Group in a report on Wednesday, February 12th. Baird R W raised Zillow Group to a “hold” rating in a report on Friday, January 31st. KeyCorp cut their price target on Zillow Group from $95.00 to $85.00 and set an “overweight” rating for the company in a research note on Tuesday, March 18th. Keefe, Bruyette & Woods raised Zillow Group to a “hold” rating in a research report on Friday, March 28th. Finally, Citigroup cut their price target on shares of Zillow Group from $98.00 to $87.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $81.05.

Zillow Group Price Performance

NASDAQ ZG opened at $61.49 on Monday. The firm has a market cap of $14.91 billion, a P/E ratio of -130.83, a price-to-earnings-growth ratio of 8.90 and a beta of 2.22. The stock’s 50-day moving average is $69.22 and its two-hundred day moving average is $70.77. Zillow Group has a fifty-two week low of $38.06 and a fifty-two week high of $86.58.

Zillow Group (NASDAQ:ZG) last posted 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 net margin of 5.01% and a negative return on equity of 2.12%. On average, equities analysts expect that Zillow Group will post 0.32 EPS for the current year.

Insider Activity at Zillow Group

In other Zillow Group news, CFO Jeremy Hofmann sold 1,612 shares of the company’s stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 99,362 shares in the company, valued at $8,443,782.76. This represents a 1.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Errol G. Samuelson sold 6,967 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 127,467 shares of the company’s stock, valued at $9,906,735.24. This represents a 5.18 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 98,919 shares of company stock valued at $7,869,478. 17.14% of the stock is owned by corporate insiders.

Institutional Trading of Zillow Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. O Shaughnessy Asset Management LLC boosted its stake in Zillow Group by 13.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,191 shares of the technology company’s stock worth $84,000 after purchasing an additional 138 shares during the period. Jones Financial Companies Lllp grew its stake in shares of 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 last quarter. Blue Trust Inc. raised its stake in shares of Zillow Group by 70.2% during the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock worth $30,000 after purchasing an additional 172 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in Zillow Group in the 4th quarter valued at $27,000. Finally, Versant Capital Management Inc raised its position in Zillow Group by 38.3% during the 1st quarter. Versant Capital Management Inc now owns 1,413 shares of the technology company’s stock worth $94,000 after buying an additional 391 shares during the last quarter. 20.32% of the stock is owned by hedge funds and other 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.