Zillow Group, Inc. (NASDAQ:ZG) had its price target boosted by analysts at Canaccord Genuity from $50.00 to $52.00 in a research report issued to clients and investors on Wednesday, August 9th, Marketbeat reports. The firm presently has a “buy” rating on the technology company’s stock. Canaccord Genuity’s price objective suggests a potential upside of 33.74% from the stock’s current price.
Several other research firms have also recently commented on ZG. Deutsche Bank AG restated a “hold” rating and set a $50.00 target price (up from $44.00) on shares of Zillow Group in a research report on Monday, August 7th. Zacks Investment Research cut Zillow Group from a “buy” rating to a “hold” rating in a research report on Tuesday, April 18th. Craig Hallum restated a “buy” rating on shares of Zillow Group in a research report on Thursday, June 22nd. Cowen and Company upped their price objective on Zillow Group from $37.00 to $40.00 and gave the stock a “market perform” rating in a report on Friday, May 5th. Finally, Benchmark Co. upped their price objective on Zillow Group from $43.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, May 5th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $45.07.
Zillow Group (NASDAQ:ZG) traded down 0.87% during mid-day trading on Wednesday, reaching $38.88. The company had a trading volume of 221,966 shares. The stock has a 50 day moving average price of $44.91 and a 200-day moving average price of $40.44. Zillow Group has a 12-month low of $31.17 and a 12-month high of $50.91. The stock’s market capitalization is $7.21 billion.
A number of large investors have recently modified their holdings of ZG. Renaissance Technologies LLC acquired a new position in Zillow Group during the fourth quarter worth approximately $846,000. Norges Bank acquired a new position in Zillow Group during the fourth quarter worth approximately $15,520,000. Quadrature Capital Ltd acquired a new position in Zillow Group during the fourth quarter worth approximately $409,000. UBS Asset Management Americas Inc. acquired a new position in Zillow Group during the fourth quarter worth approximately $200,000. Finally, Teachers Advisors LLC raised its position in Zillow Group by 9.2% in the fourth quarter. Teachers Advisors LLC now owns 48,482 shares of the technology company’s stock worth $1,767,000 after buying an additional 4,100 shares during the last quarter. Institutional investors own 26.92% of the company’s stock.
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