UBS Group Lowers Zillow Group (NASDAQ:ZG) Price Target to $85.00

Zillow Group (NASDAQ:ZG) had its target price lowered by analysts at UBS Group from $98.00 to $85.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. UBS Group’s target price points to a potential upside of 41.01% from the stock’s current price.

A number of other brokerages also recently commented on ZG. Evercore ISI raised their price objective on Zillow Group from $75.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Robert W. Baird started coverage on Zillow Group in a research report on Friday, January 31st. They issued a “neutral” rating and a $88.00 target price for the company. Bank of America increased their price objective on shares of Zillow Group from $81.00 to $84.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. JMP Securities lifted their target price on shares of Zillow Group from $82.00 to $92.00 and gave the company a “market outperform” rating in a research report on Monday, December 16th. Finally, Keefe, Bruyette & Woods raised shares of Zillow Group to a “hold” rating in a research report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $81.60.

Zillow Group Stock Down 0.9 %

Shares of NASDAQ:ZG opened at $60.28 on Friday. The business has a 50 day moving average price of $71.45 and a 200 day moving average price of $70.74. The company has a market cap of $14.62 billion, a price-to-earnings ratio of -128.26, a PEG ratio of 8.90 and a beta of 2.22. Zillow Group has a twelve month low of $38.06 and a twelve month high of $86.58.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings results on Tuesday, February 11th. The technology company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. Analysts anticipate that Zillow Group will post 0.32 EPS for the current year.

Insider Activity at Zillow Group

In related news, COO Jun Choo sold 1,277 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.72, for a total value of $99,248.44. Following the transaction, the chief operating officer now owns 86,853 shares in the company, valued at $6,750,215.16. This trade represents a 1.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Errol G. Samuelson sold 2,854 shares of Zillow Group stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total value of $209,312.36. Following the completion of the sale, the insider now owns 142,636 shares of the company’s stock, valued at approximately $10,460,924.24. The trade was a 1.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 98,919 shares of company stock valued at $7,869,478 over the last ninety days. 17.14% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ZG. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Zillow Group in the 4th quarter valued at $27,000. Blue Trust Inc. increased its holdings in Zillow Group by 70.2% in the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock valued at $30,000 after purchasing an additional 172 shares during the last quarter. Asset Dedication LLC acquired a new position in Zillow Group in the fourth quarter valued at about $47,000. Assetmark Inc. boosted its holdings in Zillow Group by 18,875.0% during the fourth quarter. Assetmark Inc. now owns 759 shares of the technology company’s stock worth $54,000 after buying an additional 755 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of Zillow Group by 24.0% during the 4th quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock worth $58,000 after buying an additional 159 shares during the period. Institutional investors own 20.32% of the company’s stock.

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.