Brokerages Set Zillow Group, Inc. (NASDAQ:Z) Price Target at $63.20

Shares of Zillow Group, Inc. (NASDAQ:Z) have been given a consensus rating of “Moderate Buy” by the nine research firms that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $63.20.

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 9th. Cantor Fitzgerald raised Zillow Group to a “hold” rating in a research report on Thursday, September 5th. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a report on Thursday, August 8th. Wedbush upgraded Zillow Group from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $50.00 to $80.00 in a research note on Monday, September 16th. Finally, Craig Hallum raised shares of Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th.

Insiders Place Their Bets

In other Zillow Group news, Director Amy Bohutinsky sold 20,625 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total value of $1,386,618.75. Following the completion of the sale, the director now owns 5,652 shares in the company, valued at $379,983.96. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Amy Bohutinsky sold 20,625 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total value of $1,386,618.75. Following the completion of the sale, the director now directly owns 5,652 shares of the company’s stock, valued at $379,983.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Bradley D. Owens sold 752 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $53.13, for a total value of $39,953.76. Following the transaction, the general counsel now directly owns 35,259 shares in the company, valued at $1,873,310.67. The disclosure for this sale can be found here. Insiders have sold 221,999 shares of company stock valued at $11,780,363 in the last 90 days. 23.76% of the stock is currently owned by insiders.

Institutional Trading of Zillow Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Zillow Group by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 21,313,573 shares of the financial services provider’s stock valued at $1,039,676,000 after buying an additional 176,449 shares in the last quarter. Capital World Investors grew its stake in shares of Zillow Group by 2.8% in the first quarter. Capital World Investors now owns 8,846,232 shares of the financial services provider’s stock valued at $431,519,000 after acquiring an additional 238,554 shares in the last quarter. Dorsal Capital Management LP grew its stake in shares of Zillow Group by 59.8% in the second quarter. Dorsal Capital Management LP now owns 3,100,000 shares of the financial services provider’s stock valued at $143,809,000 after acquiring an additional 1,160,000 shares in the last quarter. Greencape Capital Pty Ltd increased its position in Zillow Group by 93.0% during the first quarter. Greencape Capital Pty Ltd now owns 1,632,790 shares of the financial services provider’s stock worth $79,647,000 after acquiring an additional 786,600 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Zillow Group by 10.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,423,257 shares of the financial services provider’s stock valued at $66,032,000 after purchasing an additional 139,489 shares during the period. Institutional investors own 71.01% of the company’s stock.

Zillow Group Trading Up 1.3 %

Z opened at $64.65 on Friday. The firm’s fifty day moving average is $55.12 and its two-hundred day moving average is $48.87. The firm has a market cap of $15.27 billion, a PE ratio of -93.70 and a beta of 1.94. Zillow Group has a twelve month low of $33.80 and a twelve month high of $68.73. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.12 and a current ratio of 2.12.

Zillow Group (NASDAQ:Z) last posted its earnings results on Wednesday, August 7th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.13. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. The firm had revenue of $572.00 million during the quarter, compared to analysts’ expectations of $539.74 million. Equities research analysts anticipate that Zillow Group will post -0.33 EPS for the current year.

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.