Zillow Group, Inc. (ZG) Receives $46.17 Consensus PT from Brokerages
Zillow Group, Inc. (NASDAQ:ZG) has been given an average recommendation of “Hold” by the eighteen research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $46.17.
Several research firms recently weighed in on ZG. Zacks Investment Research cut shares of Zillow Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Bank of America Corporation reissued a “buy” rating and issued a $53.00 price target (up previously from $45.00) on shares of Zillow Group in a research note on Wednesday, June 21st. Craig Hallum reissued a “buy” rating on shares of Zillow Group in a report on Thursday, June 22nd. KeyCorp assumed coverage on shares of Zillow Group in a report on Monday, July 17th. They issued an “equal weight” rating on the stock. Finally, Stephens reaffirmed an “overweight” rating and set a $54.00 price objective (up from $48.00) on shares of Zillow Group in a report on Monday, June 19th.
A number of institutional investors and hedge funds have recently made changes to their positions in ZG. Caledonia Private Investments Pty Ltd lifted its holdings in shares of Zillow Group by 2.0% during the second quarter. Caledonia Private Investments Pty Ltd now owns 13,628,910 shares of the technology company’s stock valued at $667,953,000 after purchasing an additional 268,722 shares in the last quarter. Vanguard Group Inc. lifted its stake in Zillow Group by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 4,218,727 shares of the technology company’s stock valued at $206,043,000 after acquiring an additional 26,455 shares during the period. Wellington Management Group LLP lifted its stake in Zillow Group by 3.0% during the 1st quarter. Wellington Management Group LLP now owns 3,232,234 shares of the technology company’s stock valued at $109,282,000 after acquiring an additional 93,166 shares during the period. SRS Investment Management LLC boosted its holdings in shares of Zillow Group by 21.0% during the 1st quarter. SRS Investment Management LLC now owns 1,195,979 shares of the technology company’s stock valued at $40,436,000 after acquiring an additional 207,803 shares during the last quarter. Finally, UBS Group AG boosted its holdings in shares of Zillow Group by 1,595.6% during the 1st quarter. UBS Group AG now owns 741,317 shares of the technology company’s stock valued at $25,064,000 after acquiring an additional 697,598 shares during the last quarter. Institutional investors and hedge funds own 26.13% of the company’s stock.
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Shares of Zillow Group (NASDAQ:ZG) traded up 0.37% during trading on Friday, hitting $40.71. 88,715 shares of the stock traded hands. The stock has a 50-day moving average of $41.82 and a 200 day moving average of $40.88. The company’s market cap is $7.55 billion. Zillow Group has a 1-year low of $31.17 and a 1-year high of $50.91.
Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Tuesday, August 8th. The technology company reported ($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.11). Zillow Group had a negative net margin of 4.47% and a negative return on equity of 0.40%. The firm had revenue of $266.85 million during the quarter, compared to the consensus estimate of $262.21 million. During the same period in the previous year, the business earned ($0.71) earnings per share. The firm’s revenue for the quarter was up 28.0% on a year-over-year basis. On average, equities research analysts predict that Zillow Group will post $0.50 EPS for the current fiscal year.
About Zillow Group
Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable people find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.
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