Zillow Group (NASDAQ:ZG) Given New $50.00 Price Target at Barclays

Zillow Group (NASDAQ:ZG) had its target price lifted by analysts at Barclays from $36.00 to $50.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “underweight” rating on the technology company’s stock. Barclays‘s target price would suggest a potential downside of 29.94% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Susquehanna upped their price objective on shares of Zillow Group from $42.00 to $55.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and increased their target price for the company from $50.00 to $80.00 in a research note on Monday, September 16th. Canaccord Genuity Group upped their price target on Zillow Group from $56.00 to $64.00 and gave the company a “hold” rating in a research note on Thursday. Cantor Fitzgerald reissued a “neutral” rating and set a $47.00 price objective on shares of Zillow Group in a research note on Monday, October 7th. Finally, Citigroup upped their target price on shares of Zillow Group from $58.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $66.06.

Zillow Group Stock Up 1.8 %

NASDAQ:ZG traded up $1.28 during trading hours on Friday, hitting $71.37. 676,117 shares of the company’s stock traded hands, compared to its average volume of 624,506. The stock’s fifty day moving average price is $59.25 and its two-hundred day moving average price is $50.30. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.12 and a current ratio of 2.12. The firm has a market cap of $16.52 billion, a P/E ratio of -125.75 and a beta of 2.02. Zillow Group has a twelve month low of $34.33 and a twelve month high of $72.03.

Zillow Group (NASDAQ:ZG) last issued its earnings results on Wednesday, August 7th. The technology company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.08. The company had revenue of $572.00 million for the quarter, compared to analyst estimates of $538.36 million. Zillow Group had a negative return on equity of 2.34% and a negative net margin of 6.17%. The business’s revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.05) EPS. On average, research analysts expect that Zillow Group will post -0.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Zillow Group

In other news, CAO Jennifer Rock sold 3,208 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $52.84, for a total value of $169,510.72. Following the completion of the transaction, the chief accounting officer now directly owns 76,486 shares in the company, valued at approximately $4,041,520.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Jennifer Rock sold 3,208 shares of Zillow Group stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $52.84, for a total transaction of $169,510.72. Following the completion of the sale, the chief accounting officer now owns 76,486 shares of the company’s stock, valued at approximately $4,041,520.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amy Bohutinsky sold 20,625 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the sale, the director now owns 5,652 shares in the company, valued at approximately $379,983.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 67,596 shares of company stock worth $3,938,581 in the last quarter. 17.14% of the stock is currently owned by company insiders.

Institutional Trading of Zillow Group

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Signaturefd LLC boosted its position in Zillow Group by 29.7% in the second quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock worth $71,000 after purchasing an additional 360 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Zillow Group by 9.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,669 shares of the technology company’s stock worth $210,000 after acquiring an additional 421 shares during the period. Creative Planning boosted its stake in shares of Zillow Group by 7.2% during the 3rd quarter. Creative Planning now owns 6,537 shares of the technology company’s stock worth $405,000 after acquiring an additional 439 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Zillow Group during the 3rd quarter valued at $29,000. Finally, Wedmont Private Capital increased its stake in shares of Zillow Group by 4.2% in the 2nd quarter. Wedmont Private Capital now owns 12,483 shares of the technology company’s stock worth $610,000 after purchasing an additional 504 shares in the last quarter. 20.32% of the stock is currently owned by institutional investors.

About Zillow Group

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.