Zillow Group, Inc. (NASDAQ:Z) Given New $50.00 Price Target at Deutsche Bank AG

Zillow Group, Inc. (NASDAQ:Z) had its price objective raised by Deutsche Bank AG to $50.00 in a research note issued to investors on Monday, August 7th. They currently have a neutral rating on the financial services provider’s stock.

Other research analysts have also issued reports about the stock. Needham & Company LLC reissued a buy rating and set a $48.00 target price (up from $41.00) on shares of Zillow Group in a research note on Friday, May 5th. BidaskClub lowered shares of Zillow Group from a strong-buy rating to a buy rating in a research note on Saturday, July 8th. Cowen and Company boosted their target price on shares of Zillow Group from $37.00 to $40.00 and gave the company a market perform rating in a research note on Monday, May 15th. Zacks Investment Research raised shares of Zillow Group from a sell rating to a hold rating in a research note on Wednesday, May 17th. Finally, Benchmark Co. reissued a buy rating and set a $55.00 target price on shares of Zillow Group in a research note on Sunday, July 2nd. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $46.06.

Shares of Zillow Group (NASDAQ Z) traded down 0.90% on Monday, hitting $38.64. The stock had a trading volume of 1,061,504 shares. The company’s 50 day moving average is $44.87 and its 200 day moving average is $40.51. The stock’s market cap is $7.17 billion. Zillow Group has a one year low of $31.22 and a one year high of $51.23.

Zillow Group (NASDAQ:Z) last released its earnings results on Tuesday, August 8th. The financial services provider reported ($0.12) earnings per share for the quarter. The company had revenue of $266.85 million during the quarter. Zillow Group had a negative return on equity of 0.40% and a negative net margin of 4.47%. Equities research analysts predict that Zillow Group will post $0.52 EPS for the current fiscal year.

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In related news, insider Errol G. Samuelson sold 7,050 shares of the company’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $49.30, for a total transaction of $347,565.00. Following the completion of the sale, the insider now directly owns 34,727 shares of the company’s stock, valued at approximately $1,712,041.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Spencer M. Rascoff sold 22,400 shares of the company’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $45.73, for a total transaction of $1,024,352.00. Following the sale, the chief executive officer now directly owns 7,500 shares of the company’s stock, valued at $342,975. The disclosure for this sale can be found here. Insiders have sold 232,230 shares of company stock worth $10,547,807 over the last ninety days. 26.97% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the company. D.A. Davidson & CO. boosted its position in Zillow Group by 2.1% in the second quarter. D.A. Davidson & CO. now owns 2,817 shares of the financial services provider’s stock valued at $138,000 after buying an additional 57 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Zillow Group by 878.9% in the second quarter. JPMorgan Chase & Co. now owns 3,152 shares of the financial services provider’s stock valued at $154,000 after buying an additional 2,830 shares during the last quarter. ETF Managers Group LLC bought a new position in Zillow Group during the second quarter valued at approximately $167,000. Gillespie Robinson & Grimm Inc. bought a new position in Zillow Group during the second quarter valued at approximately $204,000. Finally, Virtu KCG Holdings LLC bought a new position in Zillow Group during the second quarter valued at approximately $206,000. 89.98% of the stock is owned by institutional investors and hedge funds.

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