Zillow Group (NASDAQ:Z) Price Target Raised to $75.00

Zillow Group (NASDAQ:Z) had its price target upped by Morgan Stanley from $60.00 to $75.00 in a research note published on Monday,Benzinga reports. They currently have an equal weight rating on the financial services provider’s stock.

A number of other analysts also recently commented on Z. Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $50.00 to $80.00 in a report on Monday, September 16th. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a report on Thursday, November 7th. Bank of America upped their price target on shares of Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Finally, Jefferies Financial Group upped their price objective on shares of Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $72.83.

Zillow Group Trading Up 4.8 %

NASDAQ Z opened at $75.32 on Monday. 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 firm has a market cap of $17.59 billion, a PE ratio of -132.14 and a beta of 2.02. Zillow Group has a one year low of $38.45 and a one year high of $86.88. The firm’s fifty day moving average is $77.59 and its two-hundred day moving average is $63.48.

Insider Transactions at Zillow Group

In related news, CTO David A. Beitel sold 56,750 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $72.39, for a total transaction of $4,108,132.50. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Bradley D. Owens sold 1,212 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total transaction of $89,663.76. Following the sale, the general counsel now directly owns 31,739 shares of the company’s stock, valued at approximately $2,348,051.22. The trade was a 3.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 139,689 shares of company stock valued at $10,395,879 over the last 90 days. Corporate insiders own 23.76% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Zillow Group by 400.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 400 shares during the period. V Square Quantitative Management LLC purchased a new position in Zillow Group during the third quarter valued at approximately $35,000. Blue Trust Inc. grew its position in Zillow Group by 66.3% during the third quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 313 shares in the last quarter. Quarry LP purchased a new position in Zillow Group during the second quarter valued at approximately $61,000. Finally, Brooklyn Investment Group bought a new stake in Zillow Group in the third quarter worth approximately $74,000. 71.01% of the stock is currently 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.