Zillow Group (NASDAQ:ZG) Now Covered by Analysts at Robert W. Baird

Robert W. Baird initiated coverage on shares of Zillow Group (NASDAQ:ZG) in a research report issued on Friday,Briefing.com Automated Import reports. The brokerage set a “neutral” rating and a $88.00 price target on the technology company’s stock. Robert W. Baird’s target price would indicate a potential upside of 8.74% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. Evercore ISI increased their price objective on shares of Zillow Group from $55.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. UBS Group upped their price objective on Zillow Group from $90.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday. Canaccord Genuity Group boosted their price target on Zillow Group from $64.00 to $86.00 and gave the company a “hold” rating in a report on Monday, December 2nd. Susquehanna lifted their price objective on Zillow Group from $55.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Finally, DA Davidson increased their target price on shares of Zillow Group from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.83.

Zillow Group Price Performance

ZG opened at $80.93 on Friday. The firm has a market cap of $18.90 billion, a PE ratio of -141.98, a P/E/G ratio of 10.81 and a beta of 2.09. The stock has a 50-day moving average price of $75.59 and a 200-day moving average price of $63.59. Zillow Group has a 1 year low of $38.06 and a 1 year high of $83.67. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13.

Zillow Group (NASDAQ:ZG) last posted its earnings results on Wednesday, November 6th. The technology company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The business had revenue of $581.00 million during the quarter, compared to analyst estimates of $555.45 million. During the same quarter last year, the company earned ($0.12) EPS. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. Sell-side analysts predict that Zillow Group will post -0.36 earnings per share for the current fiscal year.

Insider Transactions at Zillow Group

In other Zillow Group news, CTO David A. Beitel sold 56,750 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $72.39, for a total transaction of $4,108,132.50. Following the transaction, the chief technology officer now directly owns 92 shares in the company, valued at $6,659.88. This represents a 99.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeremy Hofmann sold 1,612 shares of the company’s stock in a transaction that occurred on 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 directly owns 99,362 shares of the company’s stock, valued at $8,443,782.76. The trade was a 1.60 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 164,689 shares of company stock valued at $12,520,379. 17.14% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC increased its position in Zillow Group by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company’s stock valued at $63,523,000 after buying an additional 32,766 shares in the last quarter. State Street Corp grew its stake in shares of Zillow Group by 0.4% during the third quarter. State Street Corp now owns 805,279 shares of the technology company’s stock worth $49,871,000 after acquiring an additional 2,832 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Zillow Group by 8.7% during the second quarter. Dimensional Fund Advisors LP now owns 441,800 shares of the technology company’s stock valued at $19,901,000 after acquiring an additional 35,503 shares in the last quarter. US Bancorp DE boosted its stake in Zillow Group by 6.5% in the 3rd quarter. US Bancorp DE now owns 297,819 shares of the technology company’s stock worth $18,444,000 after purchasing an additional 18,136 shares in the last quarter. Finally, Virtu Financial LLC boosted its stake in Zillow Group by 132.1% in the 3rd quarter. Virtu Financial LLC now owns 208,773 shares of the technology company’s stock worth $12,929,000 after purchasing an additional 118,830 shares in the last quarter. 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.