Zillow Group (NASDAQ:ZG) Research Coverage Started at Deutsche Bank Aktiengesellschaft

Equities researchers at Deutsche Bank Aktiengesellschaft started coverage on shares of Zillow Group (NASDAQ:ZG) in a research note issued to investors on Tuesday, Briefing.com reports. The brokerage set a “buy” rating and a $50.00 price target on the technology company’s stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 33.69% from the stock’s current price.

A number of other analysts have also weighed in on ZG. Barclays increased their price objective on shares of Zillow Group from $30.00 to $36.00 and gave the stock an “underweight” rating in a research note on Friday, August 4th. DA Davidson boosted their price objective on Zillow Group from $54.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. Piper Sandler dropped their target price on Zillow Group from $68.00 to $58.00 and set an “overweight” rating on the stock in a report on Thursday, November 2nd. Wedbush raised their price objective on shares of Zillow Group from $42.00 to $50.00 and gave the stock a “neutral” rating in a research note on Thursday, August 3rd. Finally, Royal Bank of Canada increased their price target on shares of Zillow Group from $50.00 to $62.00 and gave the stock an “outperform” rating in a report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $52.68.

Zillow Group Trading Down 0.8 %

Shares of NASDAQ:ZG opened at $37.40 on Tuesday. The business has a 50-day moving average price of $40.90 and a 200-day moving average price of $46.13. The stock has a market cap of $8.74 billion, a price-to-earnings ratio of -55.82 and a beta of 1.80. Zillow Group has a 52-week low of $30.23 and a 52-week high of $55.68. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 0.23.

Insider Buying and Selling

In other news, General Counsel Bradley D. Owens sold 4,662 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $39.05, for a total transaction of $182,051.10. Following the transaction, the general counsel now directly owns 18,147 shares in the company, valued at approximately $708,640.35. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, General Counsel Bradley D. Owens sold 4,662 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $39.05, for a total transaction of $182,051.10. Following the completion of the sale, the general counsel now directly owns 18,147 shares in the company, valued at $708,640.35. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Susan Daimler sold 3,685 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $38.90, for a total transaction of $143,346.50. Following the completion of the transaction, the insider now owns 53,059 shares in the company, valued at $2,063,995.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,167 shares of company stock worth $3,125,530. 17.14% of the stock is owned by insiders.

Institutional Investors Weigh In On Zillow Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. boosted its position in shares of Zillow Group by 60.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 7,527 shares of the technology company’s stock worth $363,000 after purchasing an additional 2,837 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Zillow Group by 67.0% during the first quarter. JPMorgan Chase & Co. now owns 17,633 shares of the technology company’s stock worth $850,000 after buying an additional 7,077 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Zillow Group by 0.8% in the 1st quarter. Bank of New York Mellon Corp now owns 163,472 shares of the technology company’s stock valued at $7,885,000 after buying an additional 1,287 shares during the period. HighTower Advisors LLC lifted its stake in Zillow Group by 10.0% during the 1st quarter. HighTower Advisors LLC now owns 7,096 shares of the technology company’s stock worth $339,000 after acquiring an additional 644 shares in the last quarter. Finally, Citigroup Inc. boosted its holdings in Zillow Group by 61.2% during the 1st quarter. Citigroup Inc. now owns 61,187 shares of the technology company’s stock valued at $2,952,000 after acquiring an additional 23,230 shares during the period. Hedge funds and other institutional investors own 18.94% of the company’s stock.

Zillow Group Company Profile

Zillow Group, Inc operates real estate brands on mobile applications and Websites in the United States. The company operates through Internet, Media & Technology (IMT); Mortgages; and Homes segments. Its IMT segment offers premier agent and rentals marketplaces, as well as other services, which includes new construction marketplace, advertising, and business technology solutions, as well as display and dotloop and floor plans.