Zillow Group (NASDAQ:ZG) Price Target Lowered to $35.00 at Barclays

Zillow Group (NASDAQ:ZG) had its price target decreased by Barclays from $40.00 to $35.00 in a report released on Thursday, Benzinga reports. Barclays currently has an underweight rating on the technology company’s stock.

A number of other equities analysts have also commented on ZG. DA Davidson restated a buy rating and issued a $63.00 price objective on shares of Zillow Group in a research report on Friday, April 5th. Stephens reissued an overweight rating and issued a $79.00 price target on shares of Zillow Group in a report on Wednesday, February 14th. Bank of America cut shares of Zillow Group from a buy rating to a neutral rating in a report on Wednesday, January 10th. JMP Securities dropped their price objective on Zillow Group from $68.00 to $62.00 and set a market outperform rating for the company in a research note on Thursday. Finally, Canaccord Genuity Group lowered their price target on Zillow Group from $58.00 to $50.00 and set a hold rating on the stock in a report on Monday, April 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $57.40.

Zillow Group Trading Up 2.2 %

Shares of ZG stock opened at $40.07 on Thursday. Zillow Group has a 1 year low of $33.23 and a 1 year high of $59.23. The company’s fifty day simple moving average is $47.44 and its two-hundred day simple moving average is $47.59. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.32 and a quick ratio of 3.24. The stock has a market capitalization of $9.35 billion, a price-to-earnings ratio of -58.07 and a beta of 1.87.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Tuesday, February 13th. The technology company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.06. Zillow Group had a negative return on equity of 2.28% and a negative net margin of 7.93%. The company had revenue of $474.00 million for the quarter, compared to analyst estimates of $450.75 million. As a group, analysts anticipate that Zillow Group will post -0.18 earnings per share for the current year.

Insider Activity

In other Zillow Group news, CAO Jennifer Rock sold 7,352 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $57.29, for a total value of $421,196.08. Following the sale, the chief accounting officer now owns 56,384 shares of the company’s stock, valued at approximately $3,230,239.36. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CAO Jennifer Rock sold 7,352 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $57.29, for a total transaction of $421,196.08. Following the completion of the transaction, the chief accounting officer now owns 56,384 shares in the company, valued at $3,230,239.36. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Susan Daimler sold 15,206 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $56.36, for a total value of $857,010.16. Following the completion of the sale, the insider now directly owns 36,148 shares of the company’s stock, valued at approximately $2,037,301.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 171,289 shares of company stock valued at $9,642,508. 17.14% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Zillow Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC grew its stake in Zillow Group by 3,675.7% in the fourth quarter. CWM LLC now owns 46,139 shares of the technology company’s stock worth $2,617,000 after purchasing an additional 44,917 shares during the period. Qube Research & Technologies Ltd increased its stake in shares of Zillow Group by 50.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 946,571 shares of the technology company’s stock worth $42,397,000 after acquiring an additional 317,683 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Zillow Group by 1.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 22,100 shares of the technology company’s stock worth $1,254,000 after acquiring an additional 250 shares in the last quarter. China Universal Asset Management Co. Ltd. purchased a new position in Zillow Group during the 4th quarter valued at about $1,305,000. Finally, Amalgamated Bank boosted its stake in Zillow Group by 70.1% during the third quarter. Amalgamated Bank now owns 14,188 shares of the technology company’s stock worth $635,000 after acquiring an additional 5,847 shares in the last quarter. Hedge funds and other institutional investors own 20.32% of the company’s stock.

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.