Barclays PLC Increases Zillow Group, Inc. (ZG) Price Target to $46.00

Zillow Group, Inc. (NASDAQ:ZG) had its price objective raised by Barclays PLC from $44.00 to $46.00 in a research note issued to investors on Wednesday, November 8th. They currently have an equal weight rating on the technology company’s stock.

Several other equities research analysts have also recently commented on ZG. Zacks Investment Research raised Zillow Group from a hold rating to a buy rating and set a $46.00 target price for the company in a research note on Wednesday, August 16th. Canaccord Genuity lifted their target price on Zillow Group from $50.00 to $52.00 and gave the stock a buy rating in a report on Wednesday, August 9th. Needham & Company LLC upped their target price on Zillow Group from $48.00 to $52.00 and gave the stock a buy rating in a report on Wednesday, August 9th. KeyCorp started coverage on Zillow Group in a research report on Monday, July 17th. They set an equal weight rating on the stock. Finally, Deutsche Bank AG reaffirmed a hold rating and issued a $50.00 target price (up previously from $44.00) on shares of Zillow Group in a research report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $47.21.

Zillow Group (ZG) traded up $0.54 during trading hours on Wednesday, hitting $42.73. The stock had a trading volume of 321,885 shares, compared to its average volume of 443,451. Zillow Group has a 12 month low of $32.63 and a 12 month high of $50.91. The company has a quick ratio of 6.44, a current ratio of 6.44 and a debt-to-equity ratio of 0.14.

Zillow Group (NASDAQ:ZG) last issued its earnings results on Tuesday, November 7th. The technology company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. Zillow Group had a negative return on equity of 0.25% and a negative net margin of 3.99%. The company had revenue of $282.00 million for the quarter, compared to analyst estimates of $276.57 million. During the same period in the prior year, the firm posted $0.17 EPS. The business’s revenue was up 25.6% compared to the same quarter last year. sell-side analysts predict that Zillow Group will post -0.06 earnings per share for the current year.

Several hedge funds have recently modified their holdings of the company. Caledonia Private Investments Pty Ltd increased its stake in shares of 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 during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Zillow Group by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 4,218,727 shares of the technology company’s stock worth $206,043,000 after acquiring an additional 26,455 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of Zillow Group during the 2nd quarter worth $32,613,000. Gilder Gagnon Howe & Co. LLC lifted its holdings in shares of Zillow Group by 0.3% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 667,428 shares of the technology company’s stock worth $32,597,000 after acquiring an additional 2,019 shares during the last quarter. Finally, State of Wisconsin Investment Board lifted its stake in Zillow Group by 3.7% in the third quarter. State of Wisconsin Investment Board now owns 628,121 shares of the technology company’s stock worth $25,219,000 after purchasing an additional 22,694 shares during the last quarter. Institutional investors own 26.07% 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.

Analyst Recommendations for Zillow Group (NASDAQ:ZG)

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