Zillow Group (NASDAQ:ZG) Stock Rating Upgraded by Barclays

Zillow Group (NASDAQ:ZG) was upgraded by research analysts at Barclays from a “strong sell” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

A number of other brokerages have also recently issued reports on ZG. The Goldman Sachs Group reissued a “neutral” rating and set a $78.00 target price on shares of Zillow Group in a report on Friday, October 31st. Exane BNP Paribas upgraded Zillow Group to a “strong-buy” rating in a research report on Wednesday, January 14th. UBS Group decreased their price objective on Zillow Group from $95.00 to $92.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Benchmark increased their price objective on Zillow Group from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Zillow Group in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $85.83.

Zillow Group Price Performance

Shares of NASDAQ ZG opened at $62.24 on Thursday. The stock has a market capitalization of $15.07 billion, a PE ratio of -444.54, a P/E/G ratio of 3.78 and a beta of 2.03. Zillow Group has a one year low of $56.63 and a one year high of $90.22. The business’s fifty day moving average price is $68.71 and its 200-day moving average price is $73.44.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings data on Thursday, October 30th. The technology company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). The firm had revenue of $676.00 million during the quarter, compared to the consensus estimate of $670.28 million. Zillow Group had a negative net margin of 1.29% and a negative return on equity of 0.56%. The company’s revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 earnings per share. As a group, equities analysts expect that Zillow Group will post 0.32 EPS for the current fiscal year.

Insider Buying and Selling at Zillow Group

In other news, CEO Jeremy Wacksman sold 10,855 shares of the business’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $69.99, for a total value of $759,741.45. Following the transaction, the chief executive officer owned 134,712 shares of the company’s stock, valued at approximately $9,428,492.88. The trade was a 7.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Bradley D. Owens sold 2,722 shares of the stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $67.41, for a total transaction of $183,490.02. Following the transaction, the general counsel directly owned 37,974 shares of the company’s stock, valued at $2,559,827.34. This trade represents a 6.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 67,511 shares of company stock valued at $4,766,357. 17.14% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Zillow Group

Several large investors have recently modified their holdings of the stock. AQR Capital Management LLC boosted its stake in Zillow Group by 40.5% during the first quarter. AQR Capital Management LLC now owns 12,890 shares of the technology company’s stock worth $862,000 after buying an additional 3,717 shares during the period. Millennium Management LLC lifted its holdings in shares of Zillow Group by 110.8% in the 1st quarter. Millennium Management LLC now owns 290,999 shares of the technology company’s stock worth $19,456,000 after acquiring an additional 152,955 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Zillow Group by 7.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 87,912 shares of the technology company’s stock worth $5,878,000 after purchasing an additional 5,737 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Zillow Group by 8.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 15,775 shares of the technology company’s stock worth $1,080,000 after purchasing an additional 1,174 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in Zillow Group by 3.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,550 shares of the technology company’s stock valued at $312,000 after purchasing an additional 131 shares during the last quarter. Institutional investors own 20.32% of the company’s stock.

About Zillow Group

Zillow Group (NASDAQ:ZG) is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.

Zillow’s core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.