Brokerages Set Zillow Group, Inc. (NASDAQ:Z) Target Price at $90.57

Zillow Group, Inc. (NASDAQ:Z) has been assigned an average rating of “Moderate Buy” from the sixteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $91.1429.

A number of equities research analysts have recently weighed in on Z shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zillow Group in a report on Wednesday, October 8th. Gordon Haskett raised Zillow Group to a “strong-buy” rating in a report on Friday, October 3rd. Bank of America lifted their price target on Zillow Group from $81.00 to $88.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. JPMorgan Chase & Co. lifted their price target on Zillow Group from $94.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Finally, Keefe, Bruyette & Woods cut their price target on Zillow Group from $85.00 to $80.00 and set a “market perform” rating on the stock in a report on Monday.

Insider Activity

In related news, CTO David A. Beitel sold 22,510 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $90.97, for a total transaction of $2,047,734.70. Following the sale, the chief technology officer owned 144,549 shares of the company’s stock, valued at $13,149,622.53. The trade was a 13.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director April Underwood sold 3,621 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $90.12, for a total value of $326,324.52. Following the sale, the director directly owned 483 shares in the company, valued at approximately $43,527.96. The trade was a 88.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 505,605 shares of company stock valued at $43,321,268 over the last 90 days. Corporate insiders own 25.03% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of Z. Root Financial Partners LLC bought a new position in shares of Zillow Group in the third quarter valued at $27,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Zillow Group in the third quarter valued at $29,000. IFP Advisors Inc grew its position in Zillow Group by 288.9% during the 1st quarter. IFP Advisors Inc now owns 455 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 338 shares in the last quarter. TD Private Client Wealth LLC grew its position in Zillow Group by 352.0% during the 2nd quarter. TD Private Client Wealth LLC now owns 452 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 352 shares in the last quarter. Finally, Cullen Frost Bankers Inc. grew its position in Zillow Group by 58.6% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 441 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 163 shares in the last quarter. Institutional investors own 71.01% of the company’s stock.

Zillow Group Stock Performance

Z opened at $73.03 on Friday. The business’s 50 day moving average is $78.99 and its 200-day moving average is $75.37. The stock has a market cap of $17.69 billion, a PE ratio of -521.61, a price-to-earnings-growth ratio of 24.18 and a beta of 2.10. Zillow Group has a twelve month low of $57.51 and a twelve month high of $93.88.

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.