Zillow Group Inc (NASDAQ:ZG) – Equities research analysts at DA Davidson dropped their FY2018 earnings per share (EPS) estimates for shares of Zillow Group in a research note issued on Monday, February 11th. DA Davidson analyst T. White now anticipates that the technology company will post earnings per share of ($0.36) for the year, down from their previous estimate of ($0.17). DA Davidson currently has a “Neutral” rating on the stock. DA Davidson also issued estimates for Zillow Group’s Q4 2018 earnings at ($0.20) EPS, Q1 2019 earnings at ($0.21) EPS, Q2 2019 earnings at ($0.18) EPS, Q3 2019 earnings at ($0.09) EPS, Q4 2019 earnings at ($0.12) EPS, FY2019 earnings at ($0.60) EPS, Q1 2020 earnings at ($0.18) EPS, Q2 2020 earnings at ($0.10) EPS, Q3 2020 earnings at ($0.04) EPS, Q4 2020 earnings at ($0.12) EPS, FY2020 earnings at ($0.46) EPS and FY2021 earnings at ($0.27) EPS.
ZG has been the subject of a number of other reports. Zacks Investment Research reiterated a “hold” rating on shares of Zillow Group in a report on Saturday, November 17th. Barclays reiterated a “hold” rating and set a $32.00 price target on shares of Zillow Group in a report on Thursday, November 8th. Deutsche Bank lowered their price target on shares of Zillow Group from $45.00 to $39.00 and set a “hold” rating for the company in a report on Monday, November 5th. Canaccord Genuity set a $50.00 price target on shares of Zillow Group and gave the company a “buy” rating in a report on Wednesday, November 7th. Finally, Susquehanna Bancshares lowered shares of Zillow Group from a “neutral” rating to a “negative” rating in a report on Wednesday, November 7th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $44.31.
Hedge funds and other institutional investors have recently modified their holdings of the business. Meeder Asset Management Inc. bought a new position in Zillow Group in the 4th quarter worth $25,000. Resources Investment Advisors Inc. bought a new position in Zillow Group in the 4th quarter worth $47,000. Engineers Gate Manager LP purchased a new stake in shares of Zillow Group in the 3rd quarter worth about $208,000. Hsbc Holdings PLC purchased a new stake in shares of Zillow Group in the 3rd quarter worth about $242,000. Finally, Nisa Investment Advisors LLC grew its position in shares of Zillow Group by 3,750.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 7,700 shares of the technology company’s stock worth $242,000 after buying an additional 7,500 shares during the period. Institutional investors and hedge funds own 23.82% of the company’s stock.
About Zillow Group
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 consumers 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.
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