DA Davidson Increases Zillow Group (NASDAQ:ZG) Price Target to $90.00

Zillow Group (NASDAQ:ZG) had its price objective hoisted by equities research analysts at DA Davidson from $75.00 to $90.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. DA Davidson’s price objective indicates a potential upside of 17.48% from the company’s current price.

ZG has been the subject of several other research reports. Baird R W raised shares of Zillow Group to a “hold” rating in a report on Friday, January 31st. UBS Group boosted their price objective on shares of Zillow Group from $90.00 to $98.00 and gave the company a “buy” rating in a report on Monday, January 27th. Evercore ISI boosted their price objective on shares of Zillow Group from $75.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday. KeyCorp raised shares of Zillow Group from a “sector weight” rating to an “overweight” rating and set a $100.00 price objective for the company in a report on Monday, February 3rd. Finally, Cantor Fitzgerald boosted their price objective on shares of Zillow Group from $62.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $80.95.

Zillow Group Stock Performance

Shares of ZG stock traded down $7.23 during midday trading on Wednesday, hitting $76.61. 1,489,822 shares of the company were exchanged, compared to its average volume of 483,407. The firm has a market capitalization of $17.89 billion, a P/E ratio of -134.40, a PEG ratio of 15.65 and a beta of 2.09. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. The firm’s 50 day moving average price is $75.77 and its two-hundred day moving average price is $65.66. Zillow Group has a 52 week low of $38.06 and a 52 week high of $86.58.

Zillow Group (NASDAQ:ZG) last announced its earnings results on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing the consensus estimate 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%. As a group, equities research analysts anticipate that Zillow Group will post -0.42 earnings per share for the current year.

Insider Buying and Selling

In other Zillow Group news, insider Errol G. Samuelson sold 17,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $73.57, for a total value of $1,250,690.00. Following the completion of the transaction, the insider now directly owns 22,739 shares in the company, valued at approximately $1,672,908.23. This represents a 42.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Jeremy Hofmann sold 23,388 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The shares were 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 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. Insiders sold a total of 142,730 shares of company stock worth $10,896,034 in the last three months. 17.14% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Zillow Group

Several large investors have recently modified their holdings of ZG. Blue Trust Inc. increased its position in shares of Zillow Group by 70.2% during the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock worth $30,000 after buying an additional 172 shares during the period. Asset Dedication LLC acquired a new stake in shares of Zillow Group during the fourth quarter worth $47,000. Assetmark Inc. boosted its stake in Zillow Group by 18,875.0% during the fourth quarter. Assetmark Inc. now owns 759 shares of the technology company’s stock worth $54,000 after acquiring an additional 755 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Zillow Group by 24.0% during the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock worth $58,000 after acquiring an additional 159 shares in the last quarter. Finally, Daiwa Securities Group Inc. bought a new position in Zillow Group during the fourth quarter worth $63,000. 20.32% 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.