Zillow Group’s (ZG) Overweight Rating Reaffirmed at Stephens

Stephens reissued their overweight rating on shares of Zillow Group (NASDAQ:ZG) in a report published on Wednesday morning,Benzinga reports. Stephens currently has a $73.00 target price on the technology company’s stock.

Other analysts have also issued research reports about the company. KeyCorp raised Zillow Group from a “sector weight” rating to an “overweight” rating and set a $100.00 target price for the company in a report on Monday, February 3rd. Benchmark lifted their price objective on Zillow Group from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. JMP Securities raised their price target on shares of Zillow Group from $82.00 to $92.00 and gave the company a “market outperform” rating in a report on Monday, December 16th. Barclays lifted their price target on shares of Zillow Group from $36.00 to $50.00 and gave the stock an “underweight” rating in a research note on Friday, November 8th. Finally, Cantor Fitzgerald increased their price objective on shares of Zillow Group from $62.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $80.95.

Zillow Group Stock Performance

Shares of Zillow Group stock opened at $74.87 on Wednesday. Zillow Group has a 1 year low of $38.06 and a 1 year high of $86.58. The firm’s 50-day moving average is $75.68 and its 200 day moving average is $65.73. The stock has a market cap of $17.49 billion, a price-to-earnings ratio of -131.35, a PEG ratio of 15.65 and a beta of 2.09. 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 (NASDAQ:ZG) last issued its earnings results on Tuesday, February 11th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Sell-side analysts anticipate that Zillow Group will post -0.42 EPS for the current fiscal year.

Insider Transactions at Zillow Group

In other news, insider Dan Spaulding sold 4,565 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $86.22, for a total transaction of $393,594.30. Following the sale, the insider now directly owns 58,217 shares of the company’s stock, valued at $5,019,469.74. This represents a 7.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Bradley D. Owens sold 1,846 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $73.03, for a total transaction of $134,813.38. Following the completion of the transaction, the general counsel now directly owns 29,893 shares of the company’s stock, valued at approximately $2,183,085.79. This trade represents a 5.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 142,730 shares of company stock valued at $10,896,034. 17.14% of the stock is currently owned by corporate insiders.

Institutional Trading of Zillow Group

Several hedge funds have recently made changes to their positions in the business. Blue Trust Inc. grew its position in Zillow Group by 70.2% in the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock worth $30,000 after acquiring an additional 172 shares in the last quarter. Asset Dedication LLC bought a new stake in shares of Zillow Group in the 4th quarter valued at approximately $47,000. Assetmark Inc. boosted its holdings in shares of Zillow Group by 18,875.0% in the 4th quarter. Assetmark Inc. now owns 759 shares of the technology company’s stock worth $54,000 after purchasing an additional 755 shares during the period. Jones Financial Companies Lllp boosted its holdings 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 worth $58,000 after purchasing an additional 159 shares during the period. Finally, Daiwa Securities Group Inc. bought a new position in shares of Zillow Group during the 4th quarter valued at approximately $63,000. 20.32% of the stock is currently 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.