Zillow Group (NASDAQ:ZG) PT Raised to $36.00 at Barclays

Zillow Group (NASDAQ:ZG) had its price target boosted by Barclays from $35.00 to $36.00 in a research report released on Thursday morning, Benzinga reports. The brokerage currently has an underweight rating on the technology company’s stock.

Other equities research analysts have also issued reports about the stock. JMP Securities lowered their price target on shares of Zillow Group from $68.00 to $62.00 and set a market outperform rating for the company in a report on Thursday, May 2nd. Benchmark raised their price target on shares of Zillow Group from $60.00 to $65.00 and gave the stock a buy rating in a research report on Thursday. Canaccord Genuity Group reduced their price target on shares of Zillow Group from $58.00 to $50.00 and set a hold rating on the stock in a research report on Monday, April 29th. Citigroup cut their price objective on shares of Zillow Group from $68.00 to $58.00 and set a buy rating on the stock in a research report on Thursday, May 2nd. Finally, Evercore ISI lifted their price objective on shares of Zillow Group from $50.00 to $55.00 and gave the company an outperform rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $59.27.

Zillow Group Price Performance

Zillow Group stock opened at $49.96 on Thursday. The firm has a fifty day moving average of $45.91 and a 200-day moving average of $47.07. The firm has a market capitalization of $11.80 billion, a P/E ratio of -72.41 and a beta of 2.05. Zillow Group has a 52-week low of $33.23 and a 52-week high of $59.23. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.21.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Wednesday, August 7th. The technology company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.08. The business had revenue of $572.00 million during the quarter, compared to analyst estimates of $538.36 million. Zillow Group had a negative net margin of 7.93% and a negative return on equity of 2.28%. The business’s revenue was up 13.0% on a year-over-year basis. During the same period last year, the business earned ($0.05) EPS. As a group, analysts predict that Zillow Group will post -0.42 EPS for the current year.

Insider Transactions at Zillow Group

In other news, CAO Jennifer Rock sold 2,640 shares of Zillow Group stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $44.17, for a total value of $116,608.80. Following the transaction, the chief accounting officer now owns 83,744 shares of the company’s stock, valued at approximately $3,698,972.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Jennifer Rock sold 2,640 shares of Zillow Group stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $44.17, for a total value of $116,608.80. Following the transaction, the chief accounting officer now directly owns 83,744 shares of the company’s stock, valued at $3,698,972.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Bradley D. Owens sold 1,373 shares of Zillow Group stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $44.15, for a total transaction of $60,617.95. Following the completion of the transaction, the general counsel now directly owns 40,194 shares in the company, valued at $1,774,565.10. The disclosure for this sale can be found here. Insiders have sold 210,394 shares of company stock valued at $10,279,878 in the last quarter. Insiders own 17.14% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Zillow Group by 2.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 15,542 shares of the technology company’s stock worth $882,000 after purchasing an additional 360 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Zillow Group by 96.8% during the fourth quarter. International Assets Investment Management LLC now owns 5,672 shares of the technology company’s stock worth $322,000 after purchasing an additional 2,790 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Zillow Group by 1.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 22,100 shares of the technology company’s stock worth $1,254,000 after purchasing an additional 250 shares during the period. Desjardins Global Asset Management Inc. boosted its holdings in shares of Zillow Group by 1.1% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 38,154 shares of the technology company’s stock worth $2,207,000 after purchasing an additional 416 shares during the period. Finally, abrdn plc boosted its holdings in shares of Zillow Group by 110.8% during the fourth quarter. abrdn plc now owns 18,328 shares of the technology company’s stock worth $1,004,000 after purchasing an additional 9,633 shares during the period. 20.32% of the stock is owned by hedge funds and other institutional investors.

Zillow Group Company Profile

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.