Zillow Group, Inc. (Z) Given “Buy” Rating at Canaccord Genuity
Canaccord Genuity reaffirmed their buy rating on shares of Zillow Group, Inc. (NYSE:Z) in a research report sent to investors on Tuesday. Canaccord Genuity currently has a $42.00 target price on the stock.
Other research analysts also recently issued reports about the stock. TheStreet initiated coverage on shares of Zillow Group in a research report on Friday, September 2nd. They set a hold rating on the stock. RBC Capital Markets reissued an outperform rating and issued a $42.00 target price (up from $36.00) on shares of Zillow Group in a research report on Monday, August 8th. Barclays PLC raised shares of Zillow Group to an equal weight rating and set a $32.00 target price for the company in a research report on Tuesday, June 7th. Morgan Stanley reissued a buy rating on shares of Zillow Group in a research report on Monday, June 6th. Finally, Cowen and Company boosted their target price on shares of Zillow Group from $29.00 to $37.00 and gave the stock a market perform rating in a research report on Friday, August 5th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $38.60.
Shares of Zillow Group (NYSE:Z) opened at 34.31 on Tuesday. Zillow Group has a 12 month low of $15.36 and a 12 month high of $39.88. The company’s 50-day moving average is $34.47 and its 200-day moving average is $31.29. The firm’s market cap is $6.16 billion.
Several institutional investors have recently made changes to their positions in the stock. Caledonia Private Investments Pty Ltd raised its stake in Zillow Group by 4.2% in the second quarter. Caledonia Private Investments Pty Ltd now owns 26,629,172 shares of the company’s stock valued at $966,106,000 after buying an additional 1,064,926 shares during the last quarter. Echinus Advisors LLC bought a new stake in shares of Zillow Group during the second quarter worth approximately $21,942,000. Blue Ridge Capital L.L.C. bought a new stake in shares of Zillow Group during the second quarter worth approximately $19,591,000. HHR Asset Management LLC bought a new stake in shares of Zillow Group during the second quarter worth approximately $12,595,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Zillow Group by 243.9% in the second quarter. Dimensional Fund Advisors LP now owns 387,295 shares of the company’s stock worth $14,046,000 after buying an additional 274,665 shares in the last quarter.
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