Zillow Group (NASDAQ:ZG) Now Covered by BNP Paribas Exane

BNP Paribas Exane began coverage on shares of Zillow Group (NASDAQ:ZG) in a report issued on Wednesday morning, Marketbeat Ratings reports. The firm issued an outperform rating and a $85.00 price objective on the technology company’s stock.

Other equities research analysts have also recently issued research reports about the company. Royal Bank Of Canada reissued an “outperform” rating and set a $95.00 target price on shares of Zillow Group in a research note on Monday, December 15th. Citigroup reissued a “market outperform” rating on shares of Zillow Group in a research report on Monday. Benchmark reaffirmed a “buy” rating on shares of Zillow Group in a research report on Tuesday, December 16th. DA Davidson reiterated a “buy” rating and set a $95.00 price target on shares of Zillow Group in a research report on Thursday, October 2nd. Finally, UBS Group decreased their price objective on shares of Zillow Group from $95.00 to $92.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Seventeen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $85.08.

Zillow Group Trading Down 1.5%

Shares of ZG opened at $66.79 on Wednesday. Zillow Group has a 12-month low of $56.63 and a 12-month high of $90.22. The firm has a market capitalization of $16.17 billion, a P/E ratio of -477.04, a P/E/G ratio of 3.76 and a beta of 2.03. The firm has a 50-day moving average price of $69.33 and a 200 day moving average price of $73.92.

Zillow Group (NASDAQ:ZG) last posted its earnings results on Thursday, October 30th. The technology company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.02). Zillow Group had a negative net margin of 1.29% and a negative return on equity of 0.56%. The firm had revenue of $676.00 million during the quarter, compared to analyst estimates of $670.28 million. During the same quarter in the previous year, the firm earned $0.35 earnings per share. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. Equities research analysts predict that Zillow Group will post 0.32 earnings per share for the current fiscal year.

Insider Activity at Zillow Group

In other news, Director Erik C. Blachford sold 965 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $72.51, for a total value of $69,972.15. Following the sale, the director directly owned 33,543 shares in the company, valued at approximately $2,432,202.93. This trade represents a 2.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jeremy Hofmann sold 7,865 shares of the business’s stock in a transaction 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 transaction, the chief financial officer directly owned 70,811 shares of the company’s stock, valued at $4,923,488.83. The trade was a 10.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 67,511 shares of company stock worth $4,766,357 over the last 90 days. 17.14% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Zillow Group

A number of hedge funds have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC grew its position in shares of Zillow Group by 7.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,915 shares of the technology company’s stock worth $258,000 after buying an additional 258 shares in the last quarter. GAMMA Investing LLC grew its holdings in Zillow Group by 22.5% during the 4th quarter. GAMMA Investing LLC now owns 2,264 shares of the technology company’s stock worth $154,000 after acquiring an additional 416 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Zillow Group by 14.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 24,057 shares of the technology company’s stock worth $1,791,000 after acquiring an additional 2,964 shares in the last quarter. Garde Capital Inc. increased its position in shares of Zillow Group by 0.4% in the 3rd quarter. Garde Capital Inc. now owns 107,816 shares of the technology company’s stock valued at $8,026,000 after purchasing an additional 400 shares during the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of Zillow Group in the 3rd quarter valued at $980,000. Institutional investors and hedge funds own 20.32% of the company’s stock.

About Zillow Group

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.