Zillow Group, Inc. (NASDAQ:ZG) Given Consensus Recommendation of “Moderate Buy” by Analysts

Zillow Group, Inc. (NASDAQ:ZG) has been given an average rating of “Moderate Buy” by the thirty research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, twelve have given a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $85.8333.

ZG has been the topic of a number of research analyst reports. Benchmark increased their target price on Zillow Group from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Zillow Group in a research report on Wednesday, January 21st. Barclays set a $72.00 price objective on Zillow Group and gave the company an “equal weight” rating in a report on Thursday, January 29th. Sanford C. Bernstein cut their target price on Zillow Group from $105.00 to $95.00 and set an “outperform” rating for the company in a research note on Monday, January 12th. Finally, BNP Paribas Exane began coverage on shares of Zillow Group in a research report on Wednesday, January 14th. They set an “outperform” rating and a $85.00 price target on the stock.

Insider Buying and Selling

In other Zillow Group news, CTO David A. Beitel sold 3,893 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $71.12, for a total transaction of $276,870.16. Following the completion of the sale, the chief technology officer directly owned 140,656 shares in the company, valued at $10,003,454.72. This represents a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Errol G. Samuelson sold 7,641 shares of the stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $71.13, for a total value of $543,504.33. Following the sale, the insider owned 120,815 shares of the company’s stock, valued at $8,593,570.95. This represents a 5.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 67,511 shares of company stock worth $4,766,357 over the last 90 days. Insiders own 17.14% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Versor Investments LP bought a new position in shares of Zillow Group during the fourth quarter valued at approximately $325,000. Sequoia Financial Advisors LLC increased its position in Zillow Group by 60.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 4,646 shares of the technology company’s stock valued at $317,000 after purchasing an additional 1,754 shares during the period. M&T Bank Corp raised its holdings in Zillow Group by 7.3% in the 4th quarter. M&T Bank Corp now owns 4,476 shares of the technology company’s stock worth $305,000 after purchasing an additional 303 shares in the last quarter. IMC Chicago LLC purchased a new stake in shares of Zillow Group in the 4th quarter worth about $1,050,000. Finally, UBS Group AG boosted its stake in shares of Zillow Group by 44.5% during the 4th quarter. UBS Group AG now owns 1,018,448 shares of the technology company’s stock valued at $69,489,000 after purchasing an additional 313,643 shares in the last quarter. Hedge funds and other institutional investors own 20.32% of the company’s stock.

Zillow Group Price Performance

Zillow Group stock opened at $56.66 on Thursday. The firm has a market capitalization of $13.71 billion, a P/E ratio of -404.69, a PEG ratio of 3.40 and a beta of 2.04. Zillow Group has a one year low of $55.76 and a one year high of $90.22. The business has a fifty day moving average price of $67.95 and a 200-day moving average price of $73.12.

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.