Zillow Group, Inc. (NASDAQ:ZG) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts have a consensus “Hold” rating on Zillow Group, with 13 holds, 11 buys and one sell among 25 analysts. The average 12-month price target is $52.29, although several firms recently lowered their targets to between $35 and $46.
• Zillow shares opened at $36.78, well below their 52-week high of $90.22. The company recently exceeded quarterly expectations, reporting $0.52 in adjusted earnings per share versus a $0.44 consensus estimate and $772 million in revenue, up 17.9% year over year.
• Insiders sold 37,351 shares worth approximately $1.28 million during the latest quarter, primarily to cover tax obligations tied to equity awards. Insiders own 29.88% of the company, while institutional investors hold 20.32%.

Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) has been given an average rating of "Hold" by the twenty-five ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $52.2857.

A number of equities analysts recently commented on ZG shares. Susquehanna lowered their price target on shares of Zillow Group from $50.00 to $38.00 and set a "neutral" rating on the stock in a research report on Thursday, August 6th. Citizens Jmp cut their price objective on shares of Zillow Group from $75.00 to $46.00 and set a "market outperform" rating for the company in a report on Friday, August 7th. Evercore set a $40.00 price objective on shares of Zillow Group and gave the company an "in-line" rating in a report on Thursday, August 6th. Wells Fargo & Company decreased their target price on shares of Zillow Group from $46.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Friday, August 7th. Finally, The Goldman Sachs Group lowered their target price on shares of Zillow Group from $53.00 to $40.00 and set a "neutral" rating on the stock in a report on Friday, June 12th.

Zillow Group Price Performance

Shares of NASDAQ ZG opened at $36.78 on Monday. The stock's fifty day moving average price is $33.24 and its two-hundred day moving average price is $39.25. Zillow Group has a one year low of $29.03 and a one year high of $90.22. The firm has a market cap of $8.27 billion, a price-to-earnings ratio of 167.19, a P/E/G ratio of 1.60 and a beta of 1.95.

Zillow Group (NASDAQ:ZG - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.08. Zillow Group had a return on equity of 2.32% and a net margin of 1.96%.The firm had revenue of $772.00 million for the quarter, compared to analysts' expectations of $758.25 million. During the same quarter last year, the business earned $0.40 EPS. The company's quarterly revenue was up 17.9% compared to the same quarter last year. On average, equities analysts anticipate that Zillow Group will post 0.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Zillow Group news, insider Errol G. Samuelson sold 3,154 shares of Zillow Group stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $34.24, for a total value of $107,992.96. Following the completion of the transaction, the insider directly owned 130,885 shares of the company's stock, valued at $4,481,502.40. The trade was a 2.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Jeremy Wacksman sold 9,339 shares of Zillow Group stock in a transaction on Monday, August 17th. The shares were sold at an average price of $34.18, for a total value of $319,207.02. Following the completion of the transaction, the chief executive officer directly owned 138,574 shares of the company's stock, valued at $4,736,459.32. This represents a 6.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 37,351 shares of company stock valued at $1,280,657 in the last quarter. Company insiders own 29.88% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ZG. PNC Financial Services Group Inc. raised its holdings in shares of Zillow Group by 10.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,156 shares of the technology company's stock worth $147,000 after buying an additional 198 shares in the last quarter. Lido Advisors LLC boosted its stake in Zillow Group by 0.4% in the fourth quarter. Lido Advisors LLC now owns 50,846 shares of the technology company's stock valued at $3,627,000 after buying an additional 215 shares in the last quarter. Royal London Asset Management Ltd. grew its position in Zillow Group by 1.4% in the second quarter. Royal London Asset Management Ltd. now owns 18,217 shares of the technology company's stock valued at $1,248,000 after acquiring an additional 247 shares during the last quarter. Mackenzie Financial Corp grew its position in Zillow Group by 8.5% in the third quarter. Mackenzie Financial Corp now owns 3,301 shares of the technology company's stock valued at $246,000 after acquiring an additional 258 shares during the last quarter. Finally, California State Teachers Retirement System grew its position in Zillow Group by 9.2% in the second quarter. California State Teachers Retirement System now owns 3,147 shares of the technology company's stock valued at $216,000 after acquiring an additional 264 shares during the last quarter. Institutional investors own 20.32% of the company's stock.

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.

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