Zillow (ZG) Receives Consensus Rating of “Hold” from Analysts

Zillow (NASDAQ:ZG) has been assigned a consensus rating of “Hold” from the nineteen ratings firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $48.92.

ZG has been the subject of several recent research reports. Morgan Stanley raised Zillow from an “equal weight” rating to an “overweight” rating and set a $39.00 price target for the company in a report on Thursday, January 11th. Bank of America increased their target price on Zillow from $53.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Stifel Nicolaus initiated coverage on Zillow in a report on Thursday, January 18th. They issued a “hold” rating and a $38.00 target price for the company. Canaccord Genuity increased their target price on Zillow from $53.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Finally, Zacks Investment Research cut Zillow from a “hold” rating to a “sell” rating in a report on Thursday, February 15th.

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ZG stock traded down $1.26 during trading on Friday, reaching $54.37. The company’s stock had a trading volume of 524,193 shares, compared to its average volume of 424,826. The company has a debt-to-equity ratio of 0.14, a quick ratio of 7.11 and a current ratio of 7.11. The firm has a market cap of $10,607.64, a PE ratio of -106.61 and a beta of 1.16. Zillow has a 12-month low of $32.63 and a 12-month high of $59.73.

Zillow (NASDAQ:ZG) last posted its quarterly earnings results on Thursday, February 8th. The technology company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. The firm had revenue of $282.30 million during the quarter, compared to analysts’ expectations of $277.60 million. Zillow had a positive return on equity of 0.03% and a negative net margin of 8.77%. The company’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 EPS. sell-side analysts expect that Zillow will post 0.22 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Caledonia Private Investments Pty Ltd grew its position in Zillow by 1.4% during the 4th quarter. Caledonia Private Investments Pty Ltd now owns 14,105,313 shares of the technology company’s stock worth $574,650,000 after acquiring an additional 196,271 shares during the last quarter. BlackRock Inc. grew its position in Zillow by 4.9% during the 4th quarter. BlackRock Inc. now owns 1,880,318 shares of the technology company’s stock worth $76,604,000 after acquiring an additional 88,233 shares during the last quarter. State of Wisconsin Investment Board grew its position in Zillow by 31.3% during the 4th quarter. State of Wisconsin Investment Board now owns 824,692 shares of the technology company’s stock worth $33,598,000 after acquiring an additional 196,571 shares during the last quarter. Millennium Management LLC grew its position in Zillow by 83.9% during the 4th quarter. Millennium Management LLC now owns 597,199 shares of the technology company’s stock worth $24,330,000 after acquiring an additional 272,492 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Zillow by 7.7% during the 4th quarter. Geode Capital Management LLC now owns 465,636 shares of the technology company’s stock worth $18,970,000 after acquiring an additional 33,326 shares during the last quarter. Institutional investors and hedge funds own 26.13% of the company’s stock.

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About Zillow

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.

Analyst Recommendations for Zillow (NASDAQ:ZG)

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