Susquehanna Raises Zillow Group (NASDAQ:ZG) Price Target to $80.00

Zillow Group (NASDAQ:ZG) had its price target boosted by investment analysts at Susquehanna from $75.00 to $80.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. Susquehanna’s price target suggests a potential upside of 6.85% from the company’s previous close.

A number of other brokerages also recently weighed in on ZG. The Goldman Sachs Group increased their price target on Zillow Group from $42.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Stephens reaffirmed an “overweight” rating and set a $73.00 target price on shares of Zillow Group in a research note on Wednesday. Bank of America boosted their price target on Zillow Group from $81.00 to $84.00 and gave the company a “neutral” rating in a research note on Wednesday. DA Davidson raised their price objective on shares of Zillow Group from $75.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, JMP Securities boosted their target price on shares of Zillow Group from $82.00 to $92.00 and gave the company a “market outperform” rating in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $81.20.

Zillow Group Price Performance

Zillow Group stock opened at $74.87 on Thursday. The firm has a market cap of $17.49 billion, a P/E ratio of -131.35, a P/E/G ratio of 15.65 and a beta of 2.09. The stock’s 50 day moving average is $75.68 and its 200 day moving average is $65.73. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. Zillow Group has a one year low of $38.06 and a one year high of $86.58.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings results on Tuesday, February 11th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. As a group, research analysts expect that Zillow Group will post -0.42 EPS for the current year.

Insider Activity at Zillow Group

In other Zillow Group news, General Counsel Bradley D. Owens sold 1,846 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $73.03, for a total value of $134,813.38. Following the completion of the sale, the general counsel now owns 29,893 shares in the company, valued at approximately $2,183,085.79. This trade represents a 5.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO David A. Beitel sold 56,750 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $72.39, for a total value of $4,108,132.50. Following the completion of the transaction, the chief technology officer now owns 92 shares in the company, valued at $6,659.88. The trade was a 99.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 142,730 shares of company stock valued at $10,896,034 over the last 90 days. Insiders own 17.14% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. O Shaughnessy Asset Management LLC increased its position in shares of 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 valued at $84,000 after purchasing an additional 138 shares during the last quarter. Jones Financial Companies Lllp grew its position in Zillow Group by 24.0% during the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock valued at $58,000 after buying an additional 159 shares during the period. Blue Trust Inc. increased its holdings in 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 buying an additional 172 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in Zillow Group in the fourth quarter worth about $27,000. Finally, Creative Planning boosted its stake in Zillow Group by 7.2% in the third quarter. Creative Planning now owns 6,537 shares of the technology company’s stock valued at $405,000 after acquiring an additional 439 shares during the last quarter. 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.