Zillow Group (NASDAQ:ZG) Given New $90.00 Price Target at DA Davidson

Zillow Group (NASDAQ:ZG) had its price objective hoisted by DA Davidson from $75.00 to $90.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

A number of other equities analysts have also weighed in on ZG. Barclays upped their target price on Zillow Group from $36.00 to $50.00 and gave the stock an “underweight” rating in a research note on Friday, November 8th. UBS Group upped their price objective on shares of Zillow Group from $90.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. The Goldman Sachs Group lifted their target price on shares of Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Cantor Fitzgerald increased their price target on shares of Zillow Group from $62.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Craig Hallum lifted their price objective on shares of Zillow Group from $70.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Zillow Group presently has an average rating of “Moderate Buy” and a consensus target price of $80.95.

Zillow Group Trading Down 10.7 %

Shares of Zillow Group stock opened at $74.87 on Wednesday. The company’s 50-day moving average price is $75.68 and its 200-day moving average price is $65.73. The company has a market cap of $17.49 billion, a price-to-earnings ratio of -131.35, a PEG ratio of 15.65 and a beta of 2.09. Zillow Group has a 12-month low of $38.06 and a 12-month high of $86.58. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing the consensus estimate 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%. On average, equities analysts expect that Zillow Group will post -0.42 earnings per share for the current fiscal year.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, CAO Jennifer Rock sold 8,225 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $73.05, for a total transaction of $600,836.25. Following the completion of the transaction, the chief accounting officer now owns 61,424 shares of the company’s stock, valued at $4,487,023.20. This represents a 11.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Jeremy Hofmann sold 1,612 shares of Zillow Group stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total value of $136,987.76. Following the completion of the sale, the chief financial officer now owns 99,362 shares in the company, valued at approximately $8,443,782.76. This represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 142,730 shares of company stock worth $10,896,034. 17.14% of the stock is currently owned by insiders.

Institutional Trading of Zillow Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ZG. L & S Advisors Inc purchased a new stake in Zillow Group in the third quarter worth about $1,579,000. Mirabella Financial Services LLP bought a new position in shares of Zillow Group in the 3rd quarter worth approximately $11,351,000. JPMorgan Chase & Co. lifted its stake in shares of Zillow Group by 155.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 33,258 shares of the technology company’s stock valued at $2,060,000 after purchasing an additional 20,238 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Zillow Group by 28.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 24,738 shares of the technology company’s stock valued at $1,753,000 after purchasing an additional 5,539 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Zillow Group by 3.3% in the third quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company’s stock worth $63,523,000 after purchasing an additional 32,766 shares during the period. Hedge funds and other institutional investors own 20.32% of the company’s stock.

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.