Zillow Group, Inc. (ZG) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Zillow Group, Inc. (NASDAQ:ZG) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

According to Zacks, “Zillow Group, Inc. provides real estate and home-related brands on the Web and mobile. The company focuses on home lifecycle which include renting, buying, selling, financing and home improvement. Its portfolio of consumer brands consists of Zillow(R), Trulia(R), StreetEasy(R) and HotPads(R). The company’s business brands includes ActiveRain(R), Diverse Solutions(R), Market Leader(R), Mortech(R), Postlets(R) and Retsly(TM). Zillow Group Inc., formerly known as Zillow Inc., is headquartered in Seattle. “

A number of other research analysts have also recently commented on the stock. Canaccord Genuity restated a buy rating and issued a $42.00 price target on shares of Zillow Group in a report on Wednesday, December 21st. Stifel Nicolaus upgraded shares of Zillow Group from a hold rating to a buy rating and upped their price target for the stock from $36.00 to $43.00 in a report on Tuesday, February 14th. Needham & Company LLC increased their target price on shares of Zillow Group from $40.00 to $41.00 and gave the stock a buy rating in a report on Wednesday, February 8th. Royal Bank of Canada dropped their target price on shares of Zillow Group to $40.00 in a report on Wednesday, February 8th. Finally, Morgan Stanley cut shares of Zillow Group from an overweight rating to an equal weight rating and set a $39.00 target price on the stock. in a report on Friday, January 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $37.41.

Zillow Group (NASDAQ:ZG) traded up 0.58% during mid-day trading on Friday, hitting $36.16. 257,236 shares of the stock traded hands. The company’s 50 day moving average is $34.61 and its 200 day moving average is $35.23. The company’s market cap is $6.58 billion. Zillow Group has a 12 month low of $23.63 and a 12 month high of $39.99.

Zillow Group (NASDAQ:ZG) last announced its earnings results on Tuesday, February 7th. The technology company reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.03. Zillow Group had a negative net margin of 26.04% and a negative return on equity of 7.24%. The business had revenue of $227.60 million for the quarter, compared to the consensus estimate of $222.30 million. During the same quarter in the prior year, the firm posted ($0.01) earnings per share. The business’s revenue for the quarter was up 34.4% on a year-over-year basis. On average, analysts expect that Zillow Group will post $0.43 earnings per share for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in ZG. Motley Fool Wealth Management LLC boosted its stake in Zillow Group by 0.5% in the fourth quarter. Motley Fool Wealth Management LLC now owns 109,763 shares of the technology company’s stock worth $4,001,000 after buying an additional 493 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Zillow Group by 6.4% in the third quarter. BNP Paribas Arbitrage SA now owns 10,695 shares of the technology company’s stock valued at $368,000 after buying an additional 646 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Zillow Group by 4.6% in the third quarter. Wells Fargo & Company MN now owns 14,549 shares of the technology company’s stock valued at $500,000 after buying an additional 646 shares during the period. SG Americas Securities LLC boosted its stake in shares of Zillow Group by 3.3% in the third quarter. SG Americas Securities LLC now owns 24,779 shares of the technology company’s stock valued at $854,000 after buying an additional 781 shares during the period. Finally, California State Teachers Retirement System boosted its stake in shares of Zillow Group by 0.9% in the third quarter. California State Teachers Retirement System now owns 110,289 shares of the technology company’s stock valued at $3,799,000 after buying an additional 1,000 shares during the period. 27.41% of the stock is currently owned by hedge funds and other institutional investors.

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