Zillow Group (NASDAQ:ZG) Price Target Raised to $80.00 at DA Davidson

Zillow Group (NASDAQ:ZG) had its price target raised by stock analysts at DA Davidson from $75.00 to $80.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. DA Davidson’s price objective would indicate a potential upside of 14.83% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the company. Susquehanna lifted their price objective on Zillow Group from $55.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Barclays lifted their price target on shares of Zillow Group from $36.00 to $50.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. Royal Bank of Canada increased their price objective on shares of Zillow Group from $66.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $50.00 to $80.00 in a report on Monday, September 16th. Finally, Craig Hallum upped their target price on shares of Zillow Group from $70.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given 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 target price of $73.00.

Zillow Group Stock Down 3.4 %

Shares of NASDAQ ZG opened at $69.67 on Wednesday. Zillow Group has a 52-week low of $38.06 and a 52-week high of $83.67. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. The stock has a market cap of $16.27 billion, a P/E ratio of -122.23 and a beta of 2.09. The firm has a 50 day moving average price of $73.29 and a 200 day moving average price of $60.40.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. The company had revenue of $581.00 million during 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%. The firm’s revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.12) EPS. Analysts expect that Zillow Group will post -0.34 EPS for the current year.

Insider Transactions at Zillow Group

In other news, insider Susan Daimler sold 3,694 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $273,282.12. Following the completion of the sale, the insider now directly owns 18,770 shares of the company’s stock, valued at $1,388,604.60. This trade represents a 16.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Bradley D. Owens sold 1,212 shares of Zillow Group stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $89,663.76. Following the transaction, the general counsel now owns 31,739 shares of the company’s stock, valued at $2,348,051.22. This represents a 3.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 139,689 shares of company stock worth $10,395,879 in the last 90 days. Corporate insiders own 17.14% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its holdings in 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. National Bank of Canada FI boosted its holdings in Zillow Group by 7,309.7% in the 2nd quarter. National Bank of Canada FI now owns 26,675 shares of the technology company’s stock valued at $1,178,000 after purchasing an additional 26,315 shares during the period. Headlands Technologies LLC bought a new stake in Zillow Group in the 2nd quarter valued at about $320,000. NINE MASTS CAPITAL Ltd acquired a new position in shares of Zillow Group during the 2nd quarter worth approximately $2,584,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Zillow Group by 8.7% during 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. 20.32% of the stock is currently owned by institutional investors and hedge funds.

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.