Morgan Stanley cut shares of Zillow (NASDAQ:ZG) from an overweight rating to an equal weight rating in a report issued on Wednesday morning, MarketBeat.com reports. The brokerage currently has $50.00 target price on the technology company’s stock, down from their prior target price of $55.00. The analysts noted that the move was a valuation call.

ZG has been the subject of a number of other research reports. KeyCorp upgraded Zillow from a sector weight rating to an overweight rating in a research report on Friday, January 26th. Deutsche Bank upped their price objective on Zillow from $49.00 to $54.00 and gave the company a hold rating in a research report on Tuesday, March 6th. Zacks Investment Research cut Zillow from a hold rating to a sell rating in a research report on Thursday, February 15th. Stifel Nicolaus began coverage on Zillow in a research report on Thursday, January 18th. They set a hold rating and a $38.00 price objective for the company. Finally, DA Davidson reduced their price target on Zillow to $57.00 and set a neutral rating for the company in a research report on Monday. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $52.00.

Zillow stock opened at $48.45 on Wednesday. The firm has a market cap of $9,349.14, a P/E ratio of 323.00, a PEG ratio of 120.07 and a beta of 0.93. The company has a debt-to-equity ratio of 0.14, a current ratio of 7.11 and a quick ratio of 7.11. Zillow has a one year low of $35.39 and a one year high of $59.73.

Zillow (NASDAQ:ZG) last posted its quarterly earnings data on Thursday, February 8th. The technology company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. The company had revenue of $282.30 million during the quarter, compared to analysts’ expectations of $277.60 million. Zillow had a positive return on equity of 0.03% and a negative net margin of 8.77%. Zillow’s revenue for the quarter was up 24.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.14 earnings per share. research analysts anticipate that Zillow will post 0.08 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. Caledonia Private Investments Pty Ltd increased its position in Zillow by 1.4% in the fourth quarter. Caledonia Private Investments Pty Ltd now owns 14,105,313 shares of the technology company’s stock worth $574,650,000 after buying an additional 196,271 shares in the last quarter. BlackRock Inc. grew its position in shares of Zillow by 4.9% during the fourth 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. Spark Investment Management LLC grew its position in shares of Zillow by 9.4% during the fourth quarter. Spark Investment Management LLC now owns 378,300 shares of the technology company’s stock worth $15,411,000 after purchasing an additional 32,500 shares in the last quarter. Paloma Partners Management Co purchased a new stake in shares of Zillow during the fourth quarter worth about $238,000. Finally, Legal & General Group Plc grew its position in shares of Zillow by 23.2% during the third quarter. Legal & General Group Plc now owns 22,711 shares of the technology company’s stock worth $912,000 after purchasing an additional 4,275 shares in the last quarter. Institutional investors and hedge funds own 26.13% of the company’s stock.

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Zillow 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 consumers 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.

Analyst Recommendations for Zillow (NASDAQ:ZG)

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