Analysts Set Zillow Group, Inc. (NASDAQ:ZG) Price Target at $85.83

Zillow Group, Inc. (NASDAQ:ZG) has been given an average rating of “Moderate Buy” by the twenty-nine brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $85.1250.

ZG has been the subject of a number of recent research reports. UBS Group cut their price target on Zillow Group from $95.00 to $92.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Citizens Jmp reduced their price objective on shares of Zillow Group from $90.00 to $85.00 and set a “market outperform” rating for the company in a research note on Monday, January 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Zillow Group in a research note on Wednesday, January 21st. The Goldman Sachs Group restated a “neutral” rating and issued a $78.00 target price on shares of Zillow Group in a report on Friday, October 31st. Finally, Barclays set a $72.00 price target on shares of Zillow Group and gave the company an “equal weight” rating in a research report on Thursday, January 29th.

Insiders Place Their Bets

In other Zillow Group news, CFO Jeremy Hofmann sold 7,865 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $69.53, for a total value of $546,853.45. Following the sale, the chief financial officer owned 70,811 shares of the company’s stock, valued at $4,923,488.83. This trade represents a 10.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Errol G. Samuelson sold 7,641 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $71.13, for a total value of $543,504.33. Following the completion of the sale, the insider directly owned 120,815 shares of the company’s stock, valued at $8,593,570.95. This represents a 5.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 64,801 shares of company stock valued at $4,566,277 in the last ninety days. Company insiders own 17.14% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its stake in Zillow Group by 78.9% during the third quarter. Smartleaf Asset Management LLC now owns 424 shares of the technology company’s stock worth $33,000 after buying an additional 187 shares during the last quarter. Global Retirement Partners LLC boosted its stake in Zillow Group by 4,130.0% in the fourth quarter. Global Retirement Partners LLC now owns 846 shares of the technology company’s stock worth $58,000 after purchasing an additional 826 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Zillow Group by 23.1% during the third quarter. Jones Financial Companies Lllp now owns 1,033 shares of the technology company’s stock worth $80,000 after purchasing an additional 194 shares during the last quarter. Group One Trading LLC increased its stake in shares of Zillow Group by 884.7% in the third quarter. Group One Trading LLC now owns 1,477 shares of the technology company’s stock valued at $110,000 after buying an additional 1,327 shares in the last quarter. Finally, Lavaca Capital LLC raised its holdings in shares of Zillow Group by 67.0% in the second quarter. Lavaca Capital LLC now owns 1,670 shares of the technology company’s stock valued at $114,000 after buying an additional 670 shares during the last quarter. Institutional investors and hedge funds own 20.32% of the company’s stock.

Zillow Group Stock Down 1.0%

Shares of ZG stock opened at $53.94 on Thursday. The stock has a market capitalization of $13.06 billion, a P/E ratio of -385.26, a P/E/G ratio of 3.16 and a beta of 2.04. The stock has a 50-day simple moving average of $66.86 and a 200 day simple moving average of $72.62. Zillow Group has a fifty-two week low of $53.37 and a fifty-two week high of $90.22.

Zillow Group Company Profile

Zillow Group (NASDAQ:ZG) is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.

Zillow’s core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.