Zillow Group, Inc. (NYSE:Z)‘s stock had its “buy” rating reiterated by research analysts at Canaccord Genuity in a research report issued to clients and investors on Tuesday. They currently have a $42.00 price target on the stock. Canaccord Genuity’s price target would suggest a potential upside of 22.13% from the stock’s previous close.
Several other brokerages have also recently weighed in on Z. Cowen and Company upped their target price on Zillow Group from $29.00 to $37.00 and gave the stock a “market perform” rating in a report on Friday, August 5th. RBC Capital Markets reiterated an “outperform” rating and issued a $42.00 target price (up from $36.00) on shares of Zillow Group in a report on Monday, August 8th. Morgan Stanley reiterated a “buy” rating and issued a $40.00 target price on shares of Zillow Group in a report on Friday, August 5th. TheStreet initiated coverage on Zillow Group in a research note on Friday, September 2nd. They set a “hold” rating for the company. Finally, Barclays PLC upgraded Zillow Group to an “equal weight” rating and set a $32.00 price objective for the company in a research note on Tuesday, June 7th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Zillow Group presently has an average rating of “Buy” and a consensus target price of $38.60.
Zillow Group (NYSE:Z) traded down 1.55% during midday trading on Tuesday, reaching $34.39. The company had a trading volume of 897,530 shares. The firm has a 50-day moving average of $34.50 and a 200 day moving average of $31.20. The company’s market capitalization is $6.17 billion. Zillow Group has a 1-year low of $15.36 and a 1-year high of $39.88.
Several large investors have recently modified their holdings of the company. Caledonia Private Investments Pty Ltd raised its position in shares of Zillow Group by 4.2% in the second quarter. Caledonia Private Investments Pty Ltd now owns 26,629,172 shares of the company’s stock valued at $966,106,000 after buying an additional 1,064,926 shares in the last quarter. Echinus Advisors LLC acquired a new position in shares of Zillow Group during the second quarter valued at about $21,942,000. Blue Ridge Capital L.L.C. acquired a new position in shares of Zillow Group during the second quarter valued at about $19,591,000. HHR Asset Management LLC acquired a new position in shares of Zillow Group during the second quarter valued at about $12,595,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Zillow Group by 243.9% in the second quarter. Dimensional Fund Advisors LP now owns 387,295 shares of the company’s stock valued at $14,046,000 after buying an additional 274,665 shares in the last quarter.
Receive News & Ratings for Zillow Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zillow Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.