Zillow Group (NASDAQ:ZG – Get Rating) had its price objective lowered by equities researchers at Royal Bank of Canada from $70.00 to $65.00 in a note issued to investors on Tuesday, The Fly reports. Royal Bank of Canada’s target price indicates a potential upside of 53.99% from the company’s previous close.
Several other research firms also recently issued reports on ZG. Morgan Stanley boosted their price objective on shares of Zillow Group from $74.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Friday, February 11th. Susquehanna lowered their price target on Zillow Group from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Friday, February 11th. The Goldman Sachs Group assumed coverage on Zillow Group in a research report on Wednesday, March 30th. They issued a “neutral” rating and a $57.00 price objective on the stock. Susquehanna Bancshares decreased their target price on Zillow Group from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Friday, February 11th. Finally, Benchmark increased their target price on Zillow Group from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, February 11th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $96.17.
Shares of ZG opened at $42.21 on Tuesday. Zillow Group has a twelve month low of $40.37 and a twelve month high of $144.84. The firm has a market capitalization of $10.58 billion, a P/E ratio of -20.29 and a beta of 1.43. The company has a current ratio of 1.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.25. The stock’s fifty day simple moving average is $50.93 and its 200 day simple moving average is $59.23.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Chicago Capital LLC increased its position in shares of Zillow Group by 1,445.7% in the 1st quarter. Chicago Capital LLC now owns 326,829 shares of the technology company’s stock worth $15,763,000 after purchasing an additional 305,684 shares during the last quarter. Great Valley Advisor Group Inc. increased its position in shares of Zillow Group by 62.6% in the 1st quarter. Great Valley Advisor Group Inc. now owns 5,873 shares of the technology company’s stock worth $283,000 after purchasing an additional 2,260 shares during the last quarter. Verde Capital Management increased its position in shares of Zillow Group by 45.8% in the 1st quarter. Verde Capital Management now owns 47,306 shares of the technology company’s stock worth $2,282,000 after purchasing an additional 14,859 shares during the last quarter. Atticus Wealth Management LLC bought a new stake in shares of Zillow Group during the 1st quarter valued at about $48,000. Finally, Norges Bank bought a new stake in shares of Zillow Group during the 4th quarter valued at about $81,054,000. 20.64% of the stock is owned by institutional investors.
Zillow Group Company Profile (Get Rating)
Zillow Group, Inc, a digital real estate company, operates real estate brands on mobile applications and Websites in the United States. The company operates through three segments: Homes; Internet, Media & Technology; and Mortgages. The Homes segment is involved in resale of homes; and title and escrow services to home buyers and sellers, including title search procedures for title insurance policies, escrow, and other closing services.
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