Zillow Group (NASDAQ:ZG) PT Raised to $65.00 at Benchmark

Zillow Group (NASDAQ:ZG) had its price target hoisted by Benchmark from $60.00 to $65.00 in a research report report published on Thursday, Benzinga reports. They currently have a buy rating on the technology company’s stock.

A number of other research firms also recently commented on ZG. Citigroup reduced their target price on Zillow Group from $68.00 to $58.00 and set a buy rating on the stock in a research report on Thursday, May 2nd. UBS Group boosted their price objective on shares of Zillow Group from $68.00 to $70.00 and gave the company a buy rating in a report on Thursday. Barclays lowered their target price on shares of Zillow Group from $40.00 to $35.00 and set an underweight rating for the company in a research note on Thursday, May 2nd. JMP Securities reduced their price target on shares of Zillow Group from $68.00 to $62.00 and set a market outperform rating on the stock in a research note on Thursday, May 2nd. Finally, Craig Hallum increased their price objective on shares of Zillow Group from $51.00 to $55.00 and gave the stock a buy rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Zillow Group currently has a consensus rating of Moderate Buy and a consensus price target of $59.27.

Zillow Group Trading Up 4.7 %

Shares of NASDAQ ZG traded up $2.26 during midday trading on Thursday, reaching $49.96. 1,196,135 shares of the stock were exchanged, compared to its average volume of 664,298. The stock has a market capitalization of $11.80 billion, a P/E ratio of -72.28 and a beta of 2.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.32 and a current ratio of 3.32. The company has a 50 day simple moving average of $45.71 and a 200 day simple moving average of $47.18. Zillow Group has a twelve month low of $33.23 and a twelve month high of $59.23.

Insider Activity at Zillow Group

In other Zillow Group news, insider Susan Daimler sold 5,907 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $47.74, for a total transaction of $282,000.18. Following the sale, the insider now owns 29,665 shares in the company, valued at approximately $1,416,207.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Susan Daimler sold 5,907 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $47.74, for a total transaction of $282,000.18. Following the completion of the transaction, the insider now directly owns 29,665 shares of the company’s stock, valued at $1,416,207.10. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jay C. Hoag bought 816,866 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were purchased at an average price of $43.14 per share, for a total transaction of $35,239,599.24. Following the completion of the purchase, the director now directly owns 1,185,540 shares of the company’s stock, valued at approximately $51,144,195.60. The disclosure for this purchase can be found here. Over the last three months, insiders sold 60,041 shares of company stock worth $2,637,477. Company insiders own 17.14% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC acquired a new stake in shares of Zillow Group during the 4th quarter worth about $26,000. Fidelis Capital Partners LLC purchased a new position in Zillow Group in the first quarter valued at approximately $32,000. Quadrant Capital Group LLC raised its holdings in Zillow Group by 45.1% during the fourth quarter. Quadrant Capital Group LLC now owns 763 shares of the technology company’s stock worth $43,000 after purchasing an additional 237 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in shares of Zillow Group during the 1st quarter worth approximately $53,000. Finally, Signaturefd LLC boosted its holdings in shares of Zillow Group by 29.7% in the 2nd quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock valued at $71,000 after buying an additional 360 shares in the last quarter. 20.32% of the stock is currently 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.