Zillow Group, Inc. (NASDAQ:ZG) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Zillow Group, Inc. (NASDAQ:ZG) have been given an average rating of “Moderate Buy” by the twenty-six brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $78.0455.

Several research analysts recently commented on ZG shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Zillow Group in a research note on Wednesday, January 21st. The Goldman Sachs Group decreased their price objective on Zillow Group from $78.00 to $62.00 and set a “neutral” rating for the company in a report on Wednesday, February 11th. Wells Fargo & Company lowered their price objective on Zillow Group from $73.00 to $61.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 10th. Citigroup reduced their target price on Zillow Group from $100.00 to $78.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Finally, Cantor Fitzgerald lowered their price target on Zillow Group from $68.00 to $56.00 and set a “neutral” rating for the company in a report on Wednesday, February 11th.

Insider Transactions at Zillow Group

In related news, insider Dan Spaulding sold 5,361 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $43.95, for a total value of $235,615.95. Following the completion of the transaction, the insider owned 41,080 shares in the company, valued at $1,805,466. This trade represents a 11.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jeremy Hofmann sold 7,786 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $43.73, for a total value of $340,481.78. Following the sale, the chief financial officer owned 57,487 shares in the company, valued at approximately $2,513,906.51. The trade was a 11.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 62,007 shares of company stock worth $2,771,433 over the last ninety days. 17.14% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. AQR Capital Management LLC grew its stake in shares of Zillow Group by 40.5% during the 1st quarter. AQR Capital Management LLC now owns 12,890 shares of the technology company’s stock worth $862,000 after purchasing an additional 3,717 shares during the period. Millennium Management LLC grew its position in Zillow Group by 110.8% during the first quarter. Millennium Management LLC now owns 290,999 shares of the technology company’s stock valued at $19,456,000 after buying an additional 152,955 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Zillow Group by 7.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 87,912 shares of the technology company’s stock valued at $5,878,000 after buying an additional 5,737 shares in the last quarter. Arkadios Wealth Advisors purchased a new position in Zillow Group in the second quarter valued at $877,000. Finally, Assetmark Inc. raised its position in shares of Zillow Group by 207.0% in the second quarter. Assetmark Inc. now owns 1,980 shares of the technology company’s stock worth $136,000 after acquiring an additional 1,335 shares during the period. 20.32% of the stock is currently owned by hedge funds and other institutional investors.

Zillow Group Price Performance

Shares of ZG stock opened at $44.80 on Monday. The stock’s 50-day moving average is $59.75 and its 200 day moving average is $69.34. Zillow Group has a 1-year low of $41.90 and a 1-year high of $90.22. The company has a market cap of $10.75 billion, a P/E ratio of 497.83, a PEG ratio of 2.51 and a beta of 2.06.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.03). Zillow Group had a net margin of 0.89% and a return on equity of 0.56%. The firm had revenue of $654.00 million for the quarter, compared to analysts’ expectations of $650.40 million. During the same period in the previous year, the company posted $0.27 earnings per share. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. On average, analysts anticipate that Zillow Group will post 0.32 EPS for the current year.

About Zillow Group

Zillow Group (NASDAQ:ZG) is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.

Zillow’s core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.