Zillow Group, Inc. (NASDAQ:Z) had its price objective raised by analysts at Deutsche Bank AG to $50.00 in a research note issued on Monday. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Deutsche Bank AG’s price target points to a potential upside of 10.52% from the stock’s current price.

Several other analysts have also recently commented on the stock. Cowen and Company reaffirmed a “hold” rating on shares of Zillow Group in a research note on Friday, July 14th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $54.50 target price (up from $46.00) on shares of Zillow Group in a research note on Friday, June 30th. Benchmark Co. reaffirmed a “buy” rating and issued a $55.00 target price on shares of Zillow Group in a research note on Sunday, July 2nd. BidaskClub cut shares of Zillow Group from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Zacks Investment Research raised shares of Zillow Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 17th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Zillow Group currently has a consensus rating of “Hold” and an average price target of $46.06.

Shares of Zillow Group (Z) opened at 45.24 on Monday. The stock has a 50 day moving average price of $46.68 and a 200-day moving average price of $40.00. The stock’s market capitalization is $8.29 billion. Zillow Group has a 52-week low of $31.22 and a 52-week high of $51.23.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings data on Thursday, May 4th. The financial services provider reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.10. Zillow Group had a negative return on equity of 5.65% and a negative net margin of 19.58%. The business had revenue of $245.78 million for the quarter. On average, equities research analysts predict that Zillow Group will post $0.45 EPS for the current fiscal year.

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In other news, insider Greg M. Schwartz sold 3,750 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $45.56, for a total transaction of $170,850.00. Following the completion of the sale, the insider now directly owns 3,750 shares of the company’s stock, valued at approximately $170,850. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Amy Bohutinsky sold 147,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $45.23, for a total transaction of $6,648,810.00. Following the sale, the chief operating officer now directly owns 43,000 shares of the company’s stock, valued at $1,944,890. The disclosure for this sale can be found here. Insiders have sold a total of 379,800 shares of company stock valued at $16,970,457 over the last three months. Corporate insiders own 26.97% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. raised its position in Zillow Group by 1,820.7% in the first quarter. BlackRock Inc. now owns 5,473,739 shares of the financial services provider’s stock valued at $184,301,000 after buying an additional 5,188,752 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Zillow Group by 949.0% in the first quarter. Goldman Sachs Group Inc. now owns 4,302,610 shares of the financial services provider’s stock valued at $144,869,000 after buying an additional 3,892,431 shares during the last quarter. Wellington Management Group LLP raised its position in Zillow Group by 19.1% in the first quarter. Wellington Management Group LLP now owns 15,312,733 shares of the financial services provider’s stock valued at $515,579,000 after buying an additional 2,452,824 shares during the last quarter. SRS Investment Management LLC raised its position in Zillow Group by 89.3% in the first quarter. SRS Investment Management LLC now owns 4,668,461 shares of the financial services provider’s stock valued at $157,187,000 after buying an additional 2,202,599 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in Zillow Group by 485.0% in the first quarter. Russell Investments Group Ltd. now owns 975,639 shares of the financial services provider’s stock valued at $32,853,000 after buying an additional 808,866 shares during the last quarter. 91.81% of the stock is owned by institutional investors.

Analyst Recommendations for Zillow Group (NASDAQ:Z)

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