Zillow Group, Inc. (NASDAQ:Z) Receives $83.71 Average Target Price from Analysts

Shares of Zillow Group, Inc. (NASDAQ:Z) have been given a consensus rating of “Moderate Buy” by the fifteen ratings firms that are currently covering the firm, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $83.71.

Z has been the topic of several recent analyst reports. Wedbush reissued an “outperform” rating and issued a $100.00 target price on shares of Zillow Group in a report on Monday, May 5th. JPMorgan Chase & Co. reduced their price objective on Zillow Group from $93.00 to $79.00 and set an “overweight” rating on the stock in a research note on Thursday, May 8th. Keefe, Bruyette & Woods lowered their target price on Zillow Group from $80.00 to $76.00 and set a “market perform” rating for the company in a research note on Wednesday, May 7th. William Blair started coverage on Zillow Group in a report on Monday, April 21st. They issued a “market perform” rating for the company. Finally, Wells Fargo & Company raised shares of Zillow Group to a “hold” rating in a report on Monday, April 28th.

Insider Buying and Selling at Zillow Group

In other news, CFO Jeremy Hofmann sold 7,959 shares of the company’s stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $68.98, for a total transaction of $549,011.82. Following the sale, the chief financial officer owned 97,481 shares in the company, valued at $6,724,239.38. This represents a 7.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Jun Choo sold 11,725 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $68.77, for a total value of $806,328.25. Following the completion of the sale, the chief operating officer directly owned 130,186 shares of the company’s stock, valued at approximately $8,952,891.22. The trade was a 8.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 101,093 shares of company stock valued at $6,989,688 in the last three months. 25.03% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Zillow Group

Several hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its position in Zillow Group by 1.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,532 shares of the financial services provider’s stock worth $706,000 after purchasing an additional 116 shares during the period. Independent Advisor Alliance lifted its stake in shares of Zillow Group by 3.4% during the 4th quarter. Independent Advisor Alliance now owns 3,620 shares of the financial services provider’s stock worth $268,000 after buying an additional 120 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in shares of Zillow Group by 2.1% during the 4th quarter. Brown Brothers Harriman & Co. now owns 7,148 shares of the financial services provider’s stock worth $529,000 after buying an additional 148 shares during the last quarter. DoubleLine ETF Adviser LP boosted its holdings in shares of Zillow Group by 1.5% during the 4th quarter. DoubleLine ETF Adviser LP now owns 10,868 shares of the financial services provider’s stock worth $805,000 after buying an additional 163 shares during the period. Finally, Flynn Zito Capital Management LLC grew its stake in Zillow Group by 4.5% in the 1st quarter. Flynn Zito Capital Management LLC now owns 3,856 shares of the financial services provider’s stock valued at $264,000 after buying an additional 166 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Zillow Group Price Performance

Shares of Z stock opened at $72.45 on Friday. The stock’s fifty day simple moving average is $68.61 and its 200 day simple moving average is $72.03. Zillow Group has a one year low of $41.67 and a one year high of $89.39. The firm has a market cap of $17.49 billion, a price-to-earnings ratio of -213.09, a P/E/G ratio of 13.11 and a beta of 2.11.

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.