Shares of Zillow Group, Inc. (NASDAQ:ZG) have earned a consensus recommendation of “Hold” from the eighteen research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $46.17.
A number of equities research analysts recently weighed in on ZG shares. Zacks Investment Research downgraded shares of Zillow Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. KeyCorp started coverage on shares of Zillow Group in a research note on Monday, July 17th. They set an “equal weight” rating for the company. Deutsche Bank AG reissued a “hold” rating and set a $50.00 price target (up from $44.00) on shares of Zillow Group in a research note on Monday, August 7th. ValuEngine downgraded shares of Zillow Group from a “hold” rating to a “sell” rating in a research note on Wednesday, September 6th. Finally, Macquarie started coverage on shares of Zillow Group in a research note on Monday, September 25th. They set a “neutral” rating for the company.
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A number of hedge funds have recently made changes to their positions in ZG. Janus Henderson Group PLC acquired a new stake in Zillow Group in the second quarter valued at $32,613,000. Vanguard Group Inc. lifted its stake in Zillow Group by 11.9% in the first quarter. Vanguard Group Inc. now owns 4,192,272 shares of the technology company’s stock valued at $141,741,000 after acquiring an additional 444,184 shares during the last quarter. State of Wisconsin Investment Board lifted its stake in Zillow Group by 88.1% in the second quarter. State of Wisconsin Investment Board now owns 605,427 shares of the technology company’s stock valued at $29,569,000 after acquiring an additional 283,536 shares during the last quarter. Caledonia Private Investments Pty Ltd lifted its stake in Zillow Group by 2.0% in 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 acquiring an additional 268,722 shares during the last quarter. Finally, Quantitative Investment Management LLC acquired a new stake in Zillow Group in the second quarter valued at $12,532,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.
Zillow Group (ZG) traded down 0.61% on Wednesday, hitting $40.77. 167,443 shares of the company were exchanged. The firm’s market cap is $7.56 billion. Zillow Group has a one year low of $31.65 and a one year high of $50.91. The stock has a 50 day moving average price of $40.46 and a 200 day moving average price of $42.29.
Zillow Group (NASDAQ:ZG) last announced its earnings results on Tuesday, August 8th. The technology company reported ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.11). Zillow Group had a negative return on equity of 0.40% and a negative net margin of 4.47%. The company had revenue of $266.85 million during the quarter, compared to the consensus estimate of $262.21 million. During the same period in the prior year, the firm posted ($0.71) earnings per share. The company’s revenue was up 28.0% on a year-over-year basis. On average, equities research analysts forecast 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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