Zillow Group (NASDAQ:ZG) Price Target Raised to $98.00 at Citigroup

Zillow Group (NASDAQ:ZG) had its price target increased by analysts at Citigroup from $95.00 to $98.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Citigroup’s price target points to a potential upside of 30.81% from the stock’s current price.

A number of other research analysts also recently issued reports on the company. Piper Sandler lowered their price target on Zillow Group from $93.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday. Benchmark upped their price target on Zillow Group from $80.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. Canaccord Genuity Group upped their price target on Zillow Group from $64.00 to $86.00 and gave the company a “hold” rating in a report on Monday, December 2nd. Susquehanna upped their price target on Zillow Group from $75.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday. Finally, UBS Group upped their price target on Zillow Group from $90.00 to $98.00 and gave the company a “buy” rating in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $83.00.

Zillow Group Stock Up 0.1 %

Shares of NASDAQ ZG traded up $0.05 during trading on Thursday, reaching $74.92. The company had a trading volume of 759,095 shares, compared to its average volume of 524,400. Zillow Group has a 12-month low of $38.06 and a 12-month high of $86.58. The stock has a market cap of $17.50 billion, a PE ratio of -131.20, a P/E/G ratio of 15.65 and a beta of 2.09. The business’s 50-day moving average is $75.68 and its 200 day moving average is $65.73. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:ZG) last released its earnings results on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates 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 analysts forecast that Zillow Group will post -0.42 earnings per share for the current fiscal year.

Insider Activity

In other Zillow Group news, CAO Jennifer Rock sold 8,225 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $73.05, for a total transaction of $600,836.25. Following the sale, the chief accounting officer now owns 61,424 shares in the company, valued at approximately $4,487,023.20. The trade was a 11.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jun Choo sold 10,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $75.10, for a total value of $751,000.00. Following the completion of the transaction, the chief operating officer now directly owns 88,130 shares of the company’s stock, valued at $6,618,563. The trade was a 10.19 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 142,730 shares of company stock worth $10,896,034. 17.14% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Zillow Group

A number of hedge funds have recently made changes to their positions in ZG. L & S Advisors Inc purchased a new stake in shares of Zillow Group in the third quarter valued at approximately $1,579,000. Mirabella Financial Services LLP purchased a new position in Zillow Group in the third quarter worth approximately $11,351,000. JPMorgan Chase & Co. grew its position in Zillow Group by 155.4% in the third quarter. JPMorgan Chase & Co. now owns 33,258 shares of the technology company’s stock worth $2,060,000 after acquiring an additional 20,238 shares during the period. Assenagon Asset Management S.A. grew its position in Zillow Group by 28.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 24,738 shares of the technology company’s stock worth $1,753,000 after acquiring an additional 5,539 shares during the period. Finally, Geode Capital Management LLC grew its position in Zillow Group by 3.3% in the third quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company’s stock worth $63,523,000 after acquiring an additional 32,766 shares during the period. Institutional investors and hedge funds own 20.32% of the company’s stock.

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.