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

Zillow Group (NASDAQ:ZG)‘s stock had its “overweight” rating restated by investment analysts at Stephens in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $73.00 price target on the technology company’s stock. Stephens’ price objective suggests a potential upside of 0.35% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the stock. Benchmark boosted their target price on shares of Zillow Group from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Baird R W raised shares of Zillow Group to a “hold” rating in a research note on Friday, January 31st. Canaccord Genuity Group raised their target price on Zillow Group from $64.00 to $86.00 and gave the stock a “hold” rating in a research report on Monday, December 2nd. Cantor Fitzgerald upped their price target on Zillow Group from $62.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Royal Bank of Canada increased their price target on Zillow Group from $66.00 to $74.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $79.53.

Zillow Group Stock Performance

Shares of ZG stock traded down $11.10 on Wednesday, hitting $72.74. The company’s stock had a trading volume of 860,504 shares, compared to its average volume of 456,340. Zillow Group has a fifty-two week low of $38.06 and a fifty-two week high of $86.58. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. The stock’s 50 day moving average is $75.77 and its 200-day moving average is $65.66. The company has a market capitalization of $16.99 billion, a PE ratio of -128.03, a PEG ratio of 15.65 and a beta of 2.09.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings results on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. Equities research analysts expect that Zillow Group will post -0.42 earnings per share for the current fiscal year.

Insider Transactions at Zillow Group

In related news, CAO Jennifer Rock sold 3,033 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $82.78, for a total transaction of $251,071.74. Following the sale, the chief accounting officer now directly owns 57,166 shares in the company, valued at approximately $4,732,201.48. This represents a 5.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jeremy Hofmann sold 1,612 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $84.98, for a total transaction of $136,987.76. Following the sale, the chief financial officer now directly owns 99,362 shares in the company, valued at $8,443,782.76. The trade was a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 142,730 shares of company stock worth $10,896,034 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 modified their holdings of the company. GAMMA Investing LLC boosted its stake in Zillow Group by 86.7% during the third quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock valued at $75,000 after buying an additional 561 shares during the period. Creative Planning raised its holdings in shares of Zillow Group by 7.2% in the 3rd quarter. Creative Planning now owns 6,537 shares of the technology company’s stock valued at $405,000 after acquiring an additional 439 shares in the last quarter. Vontobel Holding Ltd. grew its holdings in shares of Zillow Group by 4.8% during the third quarter. Vontobel Holding Ltd. now owns 16,407 shares of the technology company’s stock worth $1,016,000 after purchasing an additional 750 shares in the last quarter. Private Advisor Group LLC bought a new position in shares of Zillow Group in the third quarter worth approximately $747,000. Finally, Avitas Wealth Management LLC purchased a new stake in Zillow Group in the third quarter valued at approximately $1,562,000. 20.32% of the stock is owned by hedge funds and other institutional investors.

About Zillow Group

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.