Shares of Zillow Group, Inc. (NASDAQ:ZG) have been given a consensus recommendation of “Buy” by the twenty-five brokerages that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $166.64.
Several analysts have recently issued reports on the company. Truist Financial upped their price target on Zillow Group from $158.00 to $210.00 in a research note on Thursday, February 11th. JMP Securities boosted their price objective on shares of Zillow Group from $97.00 to $225.00 and gave the stock an “outperform” rating in a research note on Thursday, February 11th. Susquehanna cut their price target on shares of Zillow Group from $200.00 to $145.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 5th. The Goldman Sachs Group raised shares of Zillow Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 16th. Finally, Evercore ISI began coverage on shares of Zillow Group in a research note on Monday, April 5th. They issued an “outperform” rating and a $179.00 target price on the stock.
A number of institutional investors have recently bought and sold shares of ZG. Parallel Advisors LLC raised its position in Zillow Group by 612.2% during the fourth quarter. Parallel Advisors LLC now owns 876 shares of the technology company’s stock valued at $119,000 after purchasing an additional 753 shares in the last quarter. First Trust Advisors LP bought a new stake in shares of Zillow Group in the fourth quarter worth $44,665,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in Zillow Group during the fourth quarter valued at $1,378,000. California Public Employees Retirement System boosted its position in Zillow Group by 1.8% during the fourth quarter. California Public Employees Retirement System now owns 135,757 shares of the technology company’s stock valued at $18,455,000 after acquiring an additional 2,445 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in Zillow Group by 2.1% during the fourth quarter. Treasurer of the State of North Carolina now owns 21,546 shares of the technology company’s stock valued at $2,929,000 after acquiring an additional 440 shares during the last quarter. Institutional investors and hedge funds own 22.14% of the company’s stock.
Zillow Group (NASDAQ:ZG) last announced its earnings results on Tuesday, May 4th. The technology company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.41. Zillow Group had a return on equity of 1.41% and a net margin of 1.55%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the business earned ($0.25) EPS. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, equities analysts forecast that Zillow Group will post 0.08 EPS for the current fiscal year.
Zillow Group Company Profile
Zillow Group, Inc, a digital real estate company, operates real estate brands on mobile applications and websites in the United States. It operates through three segments: Homes; Internet, Media & Technology; and Mortgages. The company's mobile applications and websites offer various real estate transactions and related services, including buying, selling, renting, and financing services for residential real estate properties; purchase and sell homes; offer title and escrow services, title insurance products and services, and mortgage loans.
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