Zillow Group (NASDAQ:ZG) Price Target Lowered to $95.00 at Sanford C. Bernstein

Zillow Group (NASDAQ:ZG) had its price objective lowered by stock analysts at Sanford C. Bernstein from $105.00 to $95.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the technology company’s stock. Sanford C. Bernstein’s target price points to a potential upside of 41.65% from the stock’s current price.

A number of other brokerages have also commented on ZG. Cantor Fitzgerald cut their price target on Zillow Group from $74.00 to $68.00 and set a “neutral” rating for the company in a research note on Thursday. JMP Securities reiterated a “market outperform” rating and set a $87.00 price target on shares of Zillow Group in a report on Thursday, September 25th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $95.00 target price on shares of Zillow Group in a research note on Monday, December 15th. Susquehanna cut their price target on shares of Zillow Group from $85.00 to $80.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Finally, Citigroup reiterated a “market outperform” rating on shares of Zillow Group in a research note on Monday. Fifteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $85.08.

Zillow Group Stock Down 0.1%

NASDAQ ZG traded down $0.10 during mid-day trading on Monday, hitting $67.07. The stock had a trading volume of 122,908 shares, compared to its average volume of 705,948. The company has a market cap of $16.23 billion, a price-to-earnings ratio of -479.00, a P/E/G ratio of 3.72 and a beta of 2.03. Zillow Group has a 52-week low of $56.63 and a 52-week high of $90.22. The company has a 50 day simple moving average of $69.52 and a 200 day simple moving average of $73.98.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Thursday, October 30th. The technology company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.02). Zillow Group had a negative net margin of 1.29% and a negative return on equity of 0.56%. The firm had revenue of $676.00 million for the quarter, compared to analyst estimates of $670.28 million. During the same period last year, the firm posted $0.35 EPS. The business’s revenue was up 16.4% compared to the same quarter last year. As a group, equities analysts anticipate that Zillow Group will post 0.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Zillow Group news, CTO David A. Beitel sold 3,893 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $71.12, for a total transaction of $276,870.16. Following the completion of the transaction, the chief technology officer owned 140,656 shares in the company, valued at $10,003,454.72. This trade represents a 2.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Dan Spaulding sold 5,455 shares of the company’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $69.40, for a total transaction of $378,577.00. Following the sale, the insider directly owned 50,342 shares in the company, valued at approximately $3,493,734.80. The trade was a 9.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 67,511 shares of company stock worth $4,766,357 in the last quarter. Insiders own 17.14% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

Institutional investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC grew its holdings in Zillow Group by 78.9% during the 3rd quarter. Smartleaf Asset Management LLC now owns 424 shares of the technology company’s stock worth $33,000 after acquiring an additional 187 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Zillow Group by 23.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,033 shares of the technology company’s stock worth $80,000 after buying an additional 194 shares during the last quarter. Group One Trading LLC increased its position in shares of Zillow Group by 884.7% during the 3rd quarter. Group One Trading LLC now owns 1,477 shares of the technology company’s stock worth $110,000 after purchasing an additional 1,327 shares during the last quarter. Lavaca Capital LLC raised its position in Zillow Group by 67.0% during the second quarter. Lavaca Capital LLC now owns 1,670 shares of the technology company’s stock worth $114,000 after acquiring an additional 670 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in Zillow Group by 207.0% during the second quarter. Assetmark Inc. now owns 1,980 shares of the technology company’s stock worth $136,000 after purchasing an additional 1,335 shares during the period. 20.32% of the stock is currently owned by hedge funds and other institutional investors.

About Zillow Group

Zillow Group (NASDAQ:ZG) is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.

Zillow’s core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.