Zillow Group, Inc. (ZG) Raised to Hold at Zacks Investment Research
According to Zacks, “Zillow Group, Inc. provides real estate and home-related brands on the Web and mobile. The company focuses on home lifecycle which include renting, buying, selling, financing and home improvement. Its portfolio of consumer brands consists of Zillow(R), Trulia(R), StreetEasy(R) and HotPads(R). The company’s business brands includes ActiveRain(R), Diverse Solutions(R), Market Leader(R), Mortech(R), Postlets(R) and Retsly(TM). Zillow Group Inc., formerly known as Zillow Inc., is headquartered in Seattle. “
Several other equities research analysts have also commented on the stock. Stifel Nicolaus raised shares of Zillow Group from a hold rating to a buy rating and boosted their price objective for the stock from $36.00 to $43.00 in a research note on Tuesday, February 14th. Cowen and Company reissued a market perform rating and set a $37.00 price objective on shares of Zillow Group in a research note on Wednesday, February 8th. Royal Bank of Canada dropped their price objective on shares of Zillow Group to $40.00 in a research note on Wednesday, February 8th. Mizuho dropped their price objective on shares of Zillow Group from $38.00 to $33.00 and set a neutral rating on the stock in a research note on Wednesday, February 8th. Finally, JMP Securities reiterated an outperform rating and issued a $43.00 target price on shares of Zillow Group in a research note on Wednesday, February 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $37.41.
Zillow Group (NASDAQ:ZG) traded up 0.58% during mid-day trading on Friday, reaching $36.16. The company had a trading volume of 257,236 shares. The firm’s market capitalization is $6.58 billion. The firm has a 50-day moving average price of $34.61 and a 200 day moving average price of $35.23. Zillow Group has a 12-month low of $23.63 and a 12-month high of $39.99.
Zillow Group (NASDAQ:ZG) last announced its earnings results on Tuesday, February 7th. The technology company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The firm had revenue of $227.60 million for the quarter, compared to analyst estimates of $222.30 million. Zillow Group had a negative net margin of 26.04% and a negative return on equity of 7.24%. The company’s revenue for the quarter was up 34.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.01) EPS. Analysts expect that Zillow Group will post $0.43 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of ZG. State Street Corp increased its position in Zillow Group by 4.5% in the fourth quarter. State Street Corp now owns 550,414 shares of the technology company’s stock valued at $20,063,000 after buying an additional 23,512 shares in the last quarter. State of Wisconsin Investment Board increased its position in Zillow Group by 62.7% in the third quarter. State of Wisconsin Investment Board now owns 542,190 shares of the technology company’s stock worth $18,678,000 after buying an additional 208,893 shares during the period. UBS Oconnor LLC increased its position in Zillow Group by 19.3% in the third quarter. UBS Oconnor LLC now owns 483,094 shares of the technology company’s stock worth $16,643,000 after buying an additional 78,094 shares during the period. Norges Bank acquired a new position in Zillow Group during the fourth quarter worth approximately $15,520,000. Finally, OMERS ADMINISTRATION Corp increased its position in Zillow Group by 127.0% in the third quarter. OMERS ADMINISTRATION Corp now owns 301,700 shares of the technology company’s stock worth $10,394,000 after buying an additional 168,800 shares during the period. 27.41% of the stock is currently owned by institutional investors.
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