Brokerages Set Zillow Group, Inc. (NASDAQ:Z) Target Price at $90.57

Shares of Zillow Group, Inc. (NASDAQ:Z) have earned an average rating of “Moderate Buy” from the sixteen analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, four have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $91.1429.

A number of research analysts recently commented on Z shares. Keefe, Bruyette & Woods dropped their target price on shares of Zillow Group from $85.00 to $80.00 and set a “market perform” rating on the stock in a research report on Monday. Oppenheimer started coverage on shares of Zillow Group in a research report on Monday, October 6th. They set a “market perform” rating for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Zillow Group in a report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their target price on shares of Zillow Group from $94.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Sanford C. Bernstein upgraded shares of Zillow Group from a “market perform” rating to an “outperform” rating and set a $105.00 target price for the company in a research report on Wednesday, September 17th.

Insiders Place Their Bets

In other news, insider Dan Spaulding sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $85.91, for a total value of $8,591,000.00. Following the completion of the transaction, the insider owned 68,889 shares of the company’s stock, valued at $5,918,253.99. The trade was a 59.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Jun Choo sold 45,710 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $85.21, for a total transaction of $3,894,949.10. Following the completion of the transaction, the chief operating officer directly owned 117,098 shares of the company’s stock, valued at approximately $9,977,920.58. This represents a 28.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 657,087 shares of company stock valued at $56,286,479. 23.76% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of Z. GAMMA Investing LLC lifted its position in Zillow Group by 47.7% during the first quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider’s stock valued at $42,000 after buying an additional 196 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Zillow Group by 77.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,237 shares of the financial services provider’s stock worth $428,000 after purchasing an additional 2,729 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Zillow Group during the first quarter worth $1,598,000. IFM Investors Pty Ltd lifted its position in shares of Zillow Group by 9.9% during the first quarter. IFM Investors Pty Ltd now owns 35,602 shares of the financial services provider’s stock worth $2,273,000 after purchasing an additional 3,216 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Zillow Group by 21.6% during the first quarter. Envestnet Asset Management Inc. now owns 68,468 shares of the financial services provider’s stock worth $4,694,000 after purchasing an additional 12,150 shares in the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

Zillow Group Stock Down 0.4%

Shares of Zillow Group stock opened at $74.67 on Friday. Zillow Group has a 52-week low of $57.51 and a 52-week high of $93.88. The company has a 50 day moving average of $79.47 and a 200 day moving average of $75.31. The company has a market capitalization of $18.09 billion, a P/E ratio of -533.32, a P/E/G ratio of 25.64 and a beta of 2.11.

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.