Susquehanna Issues Positive Forecast for Zillow Group (NASDAQ:ZG) Stock Price

Zillow Group (NASDAQ:ZG) had its target price upped by Susquehanna from $75.00 to $80.00 in a research report report published on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the technology company’s stock.

Other analysts also recently issued reports about the company. Royal Bank of Canada restated an “outperform” rating and set a $88.00 price objective on shares of Zillow Group in a report on Wednesday. Robert W. Baird started coverage on Zillow Group in a research note on Friday, January 31st. They set a “neutral” rating and a $88.00 price target for the company. UBS Group lifted their price objective on Zillow Group from $90.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Craig Hallum increased their target price on shares of Zillow Group from $70.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Finally, DA Davidson lifted their price target on shares of Zillow Group from $75.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday. One 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $83.00.

Zillow Group Stock Up 0.7 %

Shares of NASDAQ:ZG opened at $75.40 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. The stock’s 50-day moving average price is $75.63 and its two-hundred day moving average price is $65.79. Zillow Group has a 12-month low of $38.06 and a 12-month high of $86.58.

Zillow Group (NASDAQ:ZG) last released its earnings results on Tuesday, February 11th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. As a group, equities analysts expect that Zillow Group will post -0.42 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO Jun Choo sold 10,000 shares of the business’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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 value of $1,987,512.24. Following the sale, the chief financial officer now owns 99,362 shares in the company, valued at $8,443,782.76. The trade was a 19.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,773 shares of company stock worth $5,383,314. 17.14% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Zillow Group

Institutional investors and hedge funds have recently made changes to their positions in the company. L & S Advisors Inc bought a new stake in Zillow Group during the third quarter valued at $1,579,000. Mirabella Financial Services LLP acquired a new position in shares of Zillow Group in the 3rd quarter valued at about $11,351,000. JPMorgan Chase & Co. grew its position in shares of Zillow Group by 155.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 33,258 shares of the technology company’s stock valued at $2,060,000 after buying an additional 20,238 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Zillow Group by 28.9% during 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 lifted its holdings 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 last quarter. 20.32% of the stock is 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.