By otakuyassine3@gmail.com 
Zillow Group (NASDAQ:Z – Free Report) had its price objective increased by Morgan Stanley from $60.00 to $75.00 in a report released on Monday,Benzinga reports. They currently have an equal weight rating on the financial services provider’s stock.
Other equities analysts have also recently issued reports about the stock. Jefferies Financial Group upped their target price on shares of Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Bank of America increased their price objective on shares of Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a report on Thursday, November 7th. Finally, Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $50.00 to $80.00 in a report on Monday, September 16th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Zillow Group presently has an average rating of “Moderate Buy” and a consensus price target of $72.83.
Get Our Latest Analysis on Zillow Group
Zillow Group Price Performance
NASDAQ:Z opened at $75.32 on Monday. The stock has a market cap of $17.59 billion, a P/E ratio of -132.14 and a beta of 2.02. Zillow Group has a one year low of $38.45 and a one year high of $86.88. The company has a fifty day moving average price of $77.59 and a 200 day moving average price of $63.48. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13.
Insider Buying and Selling at Zillow Group
In related news, insider Dan Spaulding sold 4,565 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $86.22, for a total value of $393,594.30. Following the sale, the insider now directly owns 58,217 shares in the company, valued at $5,019,469.74. This trade represents a 7.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Jennifer Rock sold 3,033 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $82.78, for a total transaction of $251,071.74. Following the completion of the sale, the chief accounting officer now owns 57,166 shares in the company, valued at $4,732,201.48. This represents a 5.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 139,689 shares of company stock worth $10,395,879. Company insiders own 23.76% of the company’s stock.
Institutional Trading of Zillow Group
Hedge funds have recently bought and sold shares of the stock. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Zillow Group by 400.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock worth $32,000 after buying an additional 400 shares during the period. V Square Quantitative Management LLC bought a new position in shares of Zillow Group in the third quarter valued at $35,000. Blue Trust Inc. grew its stake in shares of Zillow Group by 66.3% in the third quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock valued at $50,000 after buying an additional 313 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Zillow Group in the third quarter valued at $74,000. Finally, Quarry LP bought a new position in shares of Zillow Group in the second quarter valued at $61,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.
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.
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