Zillow Group, Inc. (NASDAQ:ZG) was up 0% on Wednesday . The stock traded as high as $47.22 and last traded at $47.13. Approximately 706,824 shares traded hands during trading, an increase of 93% from the average daily volume of 366,047 shares. The stock had previously closed at $47.13.

A number of equities research analysts have commented on the company. Royal Bank of Canada raised their target price on Zillow Group from $49.00 to $51.00 and gave the company an “outperform” rating in a report on Wednesday, November 8th. Morgan Stanley raised Zillow Group from an “equal weight” rating to an “overweight” rating and set a $39.00 target price for the company in a report on Thursday, January 11th. Bank of America raised their target price on Zillow Group from $53.00 to $56.00 and gave the company a “buy” rating in a report on Friday, February 9th. Stifel Nicolaus assumed coverage on Zillow Group in a report on Thursday, January 18th. They issued a “hold” rating and a $38.00 target price for the company. Finally, Canaccord Genuity raised their target price on Zillow Group from $53.00 to $54.00 and gave the company a “buy” rating in a report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. Zillow Group currently has a consensus rating of “Hold” and an average target price of $48.43.

The stock has a market capitalization of $2,520.00, a PE ratio of 88.92 and a beta of 1.22. The company has a debt-to-equity ratio of 0.14, a quick ratio of 6.44 and a current ratio of 6.44.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Thursday, February 8th. The technology company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. Zillow Group had a positive return on equity of 0.03% and a negative net margin of 8.77%. The business had revenue of $282.30 million during the quarter, compared to analysts’ expectations of $277.60 million. During the same quarter last year, the business posted $0.14 earnings per share. The business’s revenue for the quarter was up 24.0% on a year-over-year basis. research analysts anticipate that Zillow Group, Inc. will post 0.17 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the company. Caledonia Private Investments Pty Ltd increased its position in Zillow Group by 2.1% during the 3rd quarter. Caledonia Private Investments Pty Ltd now owns 13,909,042 shares of the technology company’s stock worth $558,448,000 after purchasing an additional 280,132 shares in the last quarter. BlackRock Inc. increased its position in Zillow Group by 4.9% during the 4th quarter. BlackRock Inc. now owns 1,880,318 shares of the technology company’s stock worth $76,604,000 after purchasing an additional 88,233 shares in the last quarter. State of Wisconsin Investment Board increased its position in Zillow Group by 31.3% during the 4th quarter. State of Wisconsin Investment Board now owns 824,692 shares of the technology company’s stock worth $33,598,000 after purchasing an additional 196,571 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in Zillow Group during the 2nd quarter worth about $32,613,000. Finally, State Street Corp increased its position in Zillow Group by 3.2% during the 2nd quarter. State Street Corp now owns 581,369 shares of the technology company’s stock worth $28,393,000 after purchasing an additional 18,045 shares in the last quarter. Institutional investors and hedge funds own 25.44% of the company’s stock.

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Zillow Group Company Profile

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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