Zillow Group, Inc. (NASDAQ:ZG) Given Average Rating of “Hold” by Analysts

Shares of Zillow Group, Inc. (NASDAQ:ZG) have earned an average rating of “Hold” from the twenty-seven analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and fourteen have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $77.0455.

Several analysts recently commented on ZG shares. Citigroup reduced their target price on Zillow Group from $100.00 to $78.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Benchmark restated a “buy” rating on shares of Zillow Group in a report on Wednesday, February 11th. Susquehanna set a $50.00 price target on shares of Zillow Group in a research report on Thursday, February 12th. Canaccord Genuity Group set a $72.00 price objective on shares of Zillow Group in a research report on Wednesday, February 11th. Finally, Cantor Fitzgerald decreased their price objective on shares of Zillow Group from $56.00 to $46.00 and set a “neutral” rating for the company in a research report on Wednesday.

Insider Buying and Selling at Zillow Group

In other news, General Counsel Bradley D. Owens sold 2,602 shares of the business’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $44.42, for a total value of $115,580.84. Following the transaction, the general counsel directly owned 33,355 shares of the company’s stock, valued at $1,481,629.10. The trade was a 7.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO David A. Beitel sold 3,966 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $44.22, for a total value of $175,376.52. Following the sale, the chief technology officer owned 136,690 shares in the company, valued at approximately $6,044,431.80. The trade was a 2.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 60,801 shares of company stock valued at $2,683,986. 17.14% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Zillow Group

Several institutional investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Zillow Group during the 2nd quarter worth approximately $159,770,000. M&T Bank Corp lifted its position in shares of Zillow Group by 38,344.0% during the 4th quarter. M&T Bank Corp now owns 1,604,270 shares of the technology company’s stock valued at $120,092,000 after acquiring an additional 1,600,097 shares during the period. UBS Group AG boosted its stake in Zillow Group by 44.5% during the fourth quarter. UBS Group AG now owns 1,018,448 shares of the technology company’s stock worth $69,489,000 after acquiring an additional 313,643 shares in the last quarter. Tiger Global Management LLC boosted its stake in Zillow Group by 30.7% during the fourth quarter. Tiger Global Management LLC now owns 1,023,733 shares of the technology company’s stock worth $69,849,000 after acquiring an additional 240,690 shares in the last quarter. Finally, Virtu Financial LLC grew its holdings in Zillow Group by 271.9% in the third quarter. Virtu Financial LLC now owns 293,718 shares of the technology company’s stock worth $21,864,000 after purchasing an additional 214,743 shares during the period. 20.32% of the stock is owned by institutional investors and hedge funds.

Zillow Group Stock Down 3.1%

Shares of NASDAQ:ZG opened at $42.04 on Friday. The firm has a market cap of $10.09 billion, a P/E ratio of 467.16, a P/E/G ratio of 2.43 and a beta of 2.05. Zillow Group has a 12-month low of $40.69 and a 12-month high of $90.22. The business has a fifty day simple moving average of $50.81 and a 200 day simple moving average of $64.62.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The company had revenue of $654.00 million during the quarter, compared to the consensus estimate of $650.40 million. Zillow Group had a net margin of 0.89% and a return on equity of 0.56%. The company’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 EPS. As a group, equities research analysts expect that Zillow Group will post 0.32 EPS for the current year.

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.