Zillow Group Inc. (ZG) Given “Buy” Rating at Bank of America Corp.
Other research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Zillow Group from a buy rating to a hold rating in a report on Wednesday, October 12th. Susquehanna reaffirmed a neutral rating and issued a $35.00 price target (up previously from $30.00) on shares of Zillow Group in a report on Monday, August 8th. Deutsche Bank AG increased their price target on shares of Zillow Group from $20.00 to $30.00 and gave the company a hold rating in a report on Wednesday, August 10th. Mizuho raised their price objective on shares of Zillow Group from $32.00 to $35.00 and gave the stock a neutral rating in a research note on Friday, August 5th. Finally, RBC Capital Markets raised their price objective on shares of Zillow Group to $42.00 in a research note on Friday, August 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. Zillow Group has a consensus rating of Buy and an average target price of $37.13.
Shares of Zillow Group (NASDAQ:ZG) traded up 0.25% on Thursday, reaching $35.59. The company had a trading volume of 104,110 shares. The firm’s market capitalization is $6.43 billion. The stock’s 50 day moving average is $33.71 and its 200 day moving average is $33.75. Zillow Group has a 52 week low of $16.45 and a 52 week high of $39.99.
Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.04. The firm earned $224.60 million during the quarter. Zillow Group had a negative return on equity of 8.48% and a negative net margin of 28.25%. The company’s revenue for the quarter was up 27.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.07 EPS. On average, equities analysts anticipate that Zillow Group will post ($0.53) EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Caledonia Private Investments Pty Ltd purchased a new position in shares of Zillow Group during the first quarter worth $332,231,000. BlackRock Institutional Trust Company N.A. bought a new position in Zillow Group during the first quarter valued at $26,596,000. 1832 Asset Management L.P. bought a new position in Zillow Group during the second quarter valued at $24,431,000. Friess Associates LLC bought a new position in Zillow Group during the second quarter valued at $11,911,000. Finally, State of Wisconsin Investment Board increased its position in Zillow Group by 992.4% in the second quarter. State of Wisconsin Investment Board now owns 333,297 shares of the company’s stock valued at $12,215,000 after buying an additional 302,787 shares during the period. Institutional investors and hedge funds own 29.99% of the company’s stock.
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