Zillow Group (NASDAQ:ZG) PT Lowered to $35.00 at Barclays

Zillow Group (NASDAQ:ZG) had its target price reduced by Barclays from $40.00 to $35.00 in a research report released on Thursday, Benzinga reports. Barclays currently has an underweight rating on the technology company’s stock.

Other analysts have also recently issued reports about the company. DA Davidson reissued a buy rating and issued a $63.00 price target on shares of Zillow Group in a report on Friday, April 5th. Piper Sandler raised their target price on Zillow Group from $70.00 to $72.00 and gave the company an overweight rating in a report on Wednesday, February 14th. Royal Bank of Canada lowered their price target on shares of Zillow Group from $66.00 to $60.00 and set an outperform rating on the stock in a research note on Thursday. JPMorgan Chase & Co. reduced their price objective on shares of Zillow Group from $65.00 to $61.00 and set an overweight rating for the company in a research note on Thursday. Finally, Benchmark restated a buy rating and set a $60.00 target price on shares of Zillow Group in a research report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $57.40.

Zillow Group Stock Up 2.2 %

Shares of Zillow Group stock opened at $40.07 on Thursday. The company has a market cap of $9.36 billion, a P/E ratio of -58.07 and a beta of 1.87. The firm has a fifty day moving average of $47.44 and a two-hundred day moving average of $47.65. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.24 and a current ratio of 3.32. Zillow Group has a one year low of $33.23 and a one year high of $59.23.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings results on Tuesday, February 13th. The technology company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.33) by $0.06. Zillow Group had a negative net margin of 7.93% and a negative return on equity of 2.28%. The firm had revenue of $474.00 million during the quarter, compared to analysts’ expectations of $450.75 million. On average, analysts forecast that Zillow Group will post -0.18 earnings per share for the current year.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, insider Dan Spaulding sold 3,086 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $58.00, for a total transaction of $178,988.00. Following the completion of the transaction, the insider now owns 48,294 shares of the company’s stock, valued at $2,801,052. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Zillow Group news, insider Dan Spaulding sold 3,086 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $58.00, for a total value of $178,988.00. Following the transaction, the insider now directly owns 48,294 shares in the company, valued at approximately $2,801,052. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Bradley D. Owens sold 966 shares of Zillow Group stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $58.01, for a total transaction of $56,037.66. Following the sale, the general counsel now owns 17,181 shares of the company’s stock, valued at $996,669.81. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 171,289 shares of company stock worth $9,642,508. 17.14% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Zillow Group by 27.4% in the fourth quarter. Vanguard Group Inc. now owns 8,054,673 shares of the technology company’s stock valued at $456,861,000 after purchasing an additional 1,730,731 shares during the period. Norges Bank purchased a new position in Zillow Group during the fourth quarter worth about $102,096,000. Qube Research & Technologies Ltd boosted its stake in Zillow Group by 50.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 946,571 shares of the technology company’s stock worth $42,397,000 after buying an additional 317,683 shares during the last quarter. UBS Group AG grew its holdings in Zillow Group by 73.0% in the 4th quarter. UBS Group AG now owns 420,170 shares of the technology company’s stock valued at $23,832,000 after buying an additional 177,265 shares during the period. Finally, Raymond James & Associates increased its stake in shares of Zillow Group by 1.7% during the 1st quarter. Raymond James & Associates now owns 180,407 shares of the technology company’s stock valued at $8,634,000 after acquiring an additional 2,999 shares during the last quarter. 20.32% of the stock is currently owned by institutional investors and hedge funds.

About Zillow Group

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.