Zillow Group (NASDAQ:ZG) Given New $100.00 Price Target at Benchmark

Zillow Group (NASDAQ:ZG) had its price objective lifted by Benchmark from $80.00 to $100.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Several other equities analysts also recently issued reports on the stock. Piper Sandler lifted their price target on shares of Zillow Group from $73.00 to $93.00 and gave the company an “overweight” rating in a report on Friday, December 6th. 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 report on Monday. Royal Bank of Canada lifted their price objective on Zillow Group from $66.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Barclays increased their target price on Zillow Group from $36.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. Finally, Evercore ISI lifted their price target on Zillow Group from $55.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $78.00.

Zillow Group Stock Performance

Shares of ZG opened at $83.10 on Wednesday. Zillow Group has a 52 week low of $38.06 and a 52 week high of $83.67. The company has a 50-day simple moving average of $75.53 and a 200-day simple moving average of $64.53. 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 (NASDAQ:ZG) last issued its earnings results on Wednesday, November 6th. The technology company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The firm had revenue of $581.00 million during the quarter, compared to analysts’ expectations of $555.45 million. During the same period last year, the business earned ($0.12) earnings per share. Zillow Group’s quarterly revenue was up 17.1% compared to the same quarter last year. On average, equities research analysts forecast that Zillow Group will post -0.36 EPS for the current fiscal year.

Insider Buying and Selling

In other Zillow Group news, CTO David A. Beitel sold 56,750 shares of the company’s stock in a transaction on 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 transaction, the chief technology officer now directly owns 92 shares in the company, valued at $6,659.88. The trade was a 99.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Susan Daimler sold 3,694 shares of Zillow Group stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total transaction of $273,282.12. Following the sale, the insider now directly owns 18,770 shares of the company’s stock, valued at $1,388,604.60. The trade was a 16.44 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 164,689 shares of company stock worth $12,520,379. Insiders own 17.14% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

Several institutional investors and hedge funds have recently modified their holdings of ZG. GAMMA Investing LLC raised its stake in Zillow Group by 86.7% in the third quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock valued at $75,000 after purchasing an additional 561 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of Zillow Group in the 3rd quarter valued at approximately $29,000. CWM LLC lifted its holdings in shares of Zillow Group by 18.6% during the 3rd 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 position in shares of Zillow Group by 7.2% during the 3rd quarter. Creative Planning now owns 6,537 shares of the technology company’s stock worth $405,000 after acquiring an additional 439 shares in the last quarter. Finally, Vontobel Holding Ltd. increased its stake in Zillow Group by 4.8% in the third quarter. Vontobel Holding Ltd. now owns 16,407 shares of the technology company’s stock valued at $1,016,000 after acquiring an additional 750 shares during the last quarter. 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.