Zillow Group, Inc. (NASDAQ:ZG) Given Consensus Rating of "Moderate Buy" by Brokerages

Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) has been given an average rating of "Moderate Buy" by the twenty-two research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $80.10.

ZG has been the topic of a number of research analyst reports. Wells Fargo & Company began coverage on Zillow Group in a report on Monday, April 28th. They issued a "mixed" rating and a $62.00 price target on the stock. Cantor Fitzgerald boosted their target price on shares of Zillow Group from $62.00 to $70.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Stephens reaffirmed an "overweight" rating and set a $73.00 target price on shares of Zillow Group in a research note on Wednesday, February 12th. Canaccord Genuity Group decreased their price target on shares of Zillow Group from $86.00 to $76.00 and set a "hold" rating on the stock in a research note on Monday. Finally, Citigroup dropped their price objective on shares of Zillow Group from $98.00 to $87.00 and set a "buy" rating for the company in a report on Tuesday, April 15th.

Zillow Group Price Performance

ZG opened at $66.98 on Tuesday. The firm has a market cap of $16.25 billion, a P/E ratio of -142.51, a PEG ratio of 8.90 and a beta of 2.22. Zillow Group has a 1-year low of $38.40 and a 1-year high of $86.58. The company has a 50 day simple moving average of $66.89 and a two-hundred day simple moving average of $71.10.

Zillow Group (NASDAQ:ZG - Get Free Report) 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 2.12% and a negative net margin of 5.01%. Equities analysts anticipate that Zillow Group will post 0.32 earnings per share for the current year.

Insider Buying and Selling

In other news, COO Jun Choo sold 1,277 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $99,248.44. Following the transaction, the chief operating officer now owns 86,853 shares of the company's stock, valued at approximately $6,750,215.16. This represents a 1.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO David A. Beitel sold 2,025 shares of the firm's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.75, for a total value of $157,443.75. Following the transaction, the chief technology officer now owns 151,046 shares in the company, valued at approximately $11,743,826.50. This represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 73,919 shares of company stock valued at $5,744,978. Insiders own 17.14% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in Zillow Group in the fourth quarter valued at about $165,326,000. Arrowstreet Capital Limited Partnership grew its position in shares of Zillow Group by 1,261.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 260,465 shares of the technology company's stock worth $18,454,000 after buying an additional 241,331 shares during the last quarter. Virtu Financial LLC raised its stake in shares of Zillow Group by 101.3% during the 4th quarter. Virtu Financial LLC now owns 420,255 shares of the technology company's stock worth $29,775,000 after acquiring an additional 211,482 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Zillow Group during the 4th quarter worth approximately $14,916,000. Finally, Sone Capital Management LLC purchased a new stake in Zillow Group during the fourth quarter valued at approximately $11,185,000. Hedge funds and other institutional investors own 20.32% of the company's stock.

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.

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