Zillow Group (NASDAQ:ZG) Given New $98.00 Price Target at Citigroup

Zillow Group (NASDAQ:ZG) had its target price increased by Citigroup from $95.00 to $98.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

A number of other equities analysts have also commented on the stock. 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. Royal Bank of Canada reissued an “outperform” rating and issued a $88.00 target price on shares of Zillow Group in a research note on Wednesday. Evercore ISI increased their price objective on Zillow Group from $75.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday. Canaccord Genuity Group boosted their target price on Zillow Group from $64.00 to $86.00 and gave the stock a “hold” rating in a research report on Monday, December 2nd. Finally, Robert W. Baird began coverage on shares of Zillow Group in a research report on Friday, January 31st. They set a “neutral” rating and a $88.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $83.00.

Zillow Group Stock Up 0.7 %

Shares of ZG stock opened at $75.40 on Thursday. Zillow Group has a 12 month low of $38.06 and a 12 month high of $86.58. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. The firm’s 50 day moving average is $75.63 and its 200 day moving average is $65.79.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Tuesday, February 11th. The technology company reported ($0.22) earnings per share 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%. As a group, research analysts expect that Zillow Group will post -0.42 earnings per share for the current fiscal year.

Insider Transactions at Zillow Group

In related news, insider Errol G. Samuelson sold 17,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $73.57, for a total transaction of $1,250,690.00. Following the transaction, the insider now owns 22,739 shares in the company, valued at $1,672,908.23. The trade was a 42.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jeremy Hofmann sold 1,612 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total transaction of $136,987.76. Following the completion of the sale, the chief financial officer now owns 99,362 shares of the company’s stock, valued at $8,443,782.76. This trade represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,773 shares of company stock worth $5,383,314. Company insiders own 17.14% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ZG. Norges Bank purchased a new stake in shares of Zillow Group in the 4th quarter worth about $165,326,000. Arrowstreet Capital Limited Partnership lifted its position in Zillow Group by 1,261.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 260,465 shares of the technology company’s stock valued at $18,454,000 after acquiring an additional 241,331 shares during the period. Virtu Financial LLC boosted its stake in Zillow Group by 101.3% during the fourth quarter. Virtu Financial LLC now owns 420,255 shares of the technology company’s stock worth $29,775,000 after acquiring an additional 211,482 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Zillow Group in the fourth quarter worth about $14,916,000. Finally, Cynosure Group LLC bought a new position in shares of Zillow Group during the third quarter valued at approximately $12,248,000. Hedge funds and other institutional investors own 20.32% of the company’s stock.

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.