Zillow Group (NASDAQ:Z) Given New $95.00 Price Target at Deutsche Bank Aktiengesellschaft

Zillow Group (NASDAQ:Z) had its target price boosted by Deutsche Bank Aktiengesellschaft from $90.00 to $95.00 in a research report report published on Tuesday morning. They currently have a buy rating on the financial services provider’s stock.

A number of other brokerages also recently issued reports on Z. Bank of America raised their price objective on Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research note on Thursday, November 7th. Jefferies Financial Group increased their price objective on shares of Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Morgan Stanley boosted their target price on shares of Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Finally, Baird R W upgraded Zillow Group to a “hold” rating in a report on Friday, January 31st. Five research analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, Zillow Group has an average rating of “Moderate Buy” and a consensus price target of $78.67.

Zillow Group Price Performance

Z stock opened at $86.32 on Tuesday. The stock has a market cap of $20.16 billion, a price-to-earnings ratio of -151.44, a P/E/G ratio of 16.20 and a beta of 2.03. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. The company has a 50 day simple moving average of $78.82 and a 200 day simple moving average of $68.06. Zillow Group has a 1 year low of $38.45 and a 1 year high of $89.39.

Zillow Group (NASDAQ:Z) last issued its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. Research analysts anticipate that Zillow Group will post -0.42 EPS for the current fiscal year.

Insider Activity at Zillow Group

In related news, CAO Jennifer Rock sold 8,225 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $73.05, for a total transaction of $600,836.25. Following the sale, the chief accounting officer now directly owns 61,424 shares in the company, valued at approximately $4,487,023.20. This represents a 11.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jeremy Hofmann sold 23,388 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $84.98, for a total transaction of $1,987,512.24. Following the completion of the transaction, the chief financial officer now directly owns 99,362 shares of the company’s stock, valued at approximately $8,443,782.76. This trade represents a 19.05 % 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. 23.76% of the stock is owned by company insiders.

Institutional Trading of Zillow Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Prudential Financial Inc. raised its holdings in shares of Zillow Group by 2.0% in the 4th quarter. Prudential Financial Inc. now owns 164,957 shares of the financial services provider’s stock valued at $12,215,000 after acquiring an additional 3,237 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Zillow Group in the 4th quarter worth approximately $3,389,000. Royal London Asset Management Ltd. increased its holdings in shares of Zillow Group by 4.2% in the 4th quarter. Royal London Asset Management Ltd. now owns 61,546 shares of the financial services provider’s stock worth $4,557,000 after buying an additional 2,456 shares during the last quarter. Vinva Investment Management Ltd purchased a new stake in shares of Zillow Group during the 4th quarter valued at $1,187,000. Finally, Xponance Inc. lifted its holdings in shares of Zillow Group by 8.0% during the 4th quarter. Xponance Inc. now owns 14,727 shares of the financial services provider’s stock worth $1,091,000 after acquiring an additional 1,088 shares during the last quarter. Institutional investors own 71.01% 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.