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

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

Several other brokerages have also commented on ZG. JMP Securities decreased their price objective on Zillow Group from $68.00 to $62.00 and set a market outperform rating for the company in a report on Thursday, May 2nd. Royal Bank of Canada reiterated an outperform rating and set a $60.00 price objective on shares of Zillow Group in a report on Monday, August 5th. JPMorgan Chase & Co. cut their target price on Zillow Group from $65.00 to $61.00 and set an overweight rating on the stock in a research report on Thursday, May 2nd. DA Davidson reissued a buy rating and issued a $52.00 target price on shares of Zillow Group in a research report on Tuesday, June 18th. Finally, Citigroup cut their target price on Zillow Group from $68.00 to $58.00 and set a buy rating on the stock in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Zillow Group presently has a consensus rating of Moderate Buy and a consensus target price of $59.27.

Zillow Group Trading Up 4.7 %

NASDAQ:ZG opened at $49.96 on Thursday. The stock has a market capitalization of $11.80 billion, a price-to-earnings 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. The firm has a 50 day moving average of $45.91 and a 200 day moving average of $47.07.

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

Insiders Place Their Bets

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

Institutional Investors Weigh In On Zillow Group

A number of institutional investors have recently modified their holdings of the business. GAMMA Investing LLC purchased a new position in Zillow Group in the 4th quarter valued at about $26,000. Fidelis Capital Partners LLC purchased a new position in Zillow Group in the 1st quarter valued at about $32,000. Quadrant Capital Group LLC lifted its stake in Zillow Group by 45.1% in the 4th quarter. Quadrant Capital Group LLC now owns 763 shares of the technology company’s stock valued at $43,000 after buying an additional 237 shares in the last quarter. EntryPoint Capital LLC purchased a new position in Zillow Group in the 1st quarter valued at about $53,000. Finally, Signaturefd LLC lifted its stake in Zillow Group by 29.7% in the 2nd quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock worth $71,000 after purchasing an additional 360 shares in the last quarter. 20.32% of the stock is currently owned by institutional investors and hedge funds.

About Zillow Group

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.