Zillow Group (ZG) Expected to Announce Quarterly Earnings on Tuesday

Zillow Group (NASDAQ:ZG) is expected to post its results after the market closes on Tuesday, February 10th. Analysts expect Zillow Group to post earnings of $0.42 per share and revenue of $650.3960 million for the quarter.

Zillow Group Stock Down 0.8%

Shares of NASDAQ:ZG opened at $61.75 on Tuesday. The stock has a market cap of $14.95 billion, a PE ratio of -441.04, a PEG ratio of 3.61 and a beta of 2.04. The company’s fifty day moving average is $68.54 and its 200 day moving average is $73.35. Zillow Group has a 52 week low of $56.63 and a 52 week high of $90.22.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Citizens Jmp lowered their target price on Zillow Group from $90.00 to $85.00 and set a “market outperform” rating for the company in a research note on Monday, January 12th. Oppenheimer began coverage on Zillow Group in a research report on Monday, October 6th. They issued a “market perform” rating for the company. Sanford C. Bernstein cut their target price on shares of Zillow Group from $105.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, January 12th. Cantor Fitzgerald lowered their price target on shares of Zillow Group from $74.00 to $68.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Finally, Citigroup reissued a “market outperform” rating on shares of Zillow Group in a report on Monday, January 12th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $85.83.

Insider Buying and Selling at Zillow Group

In other news, CFO Jeremy Hofmann sold 7,865 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $69.53, for a total value of $546,853.45. Following the completion of the sale, the chief financial officer directly owned 70,811 shares of the company’s stock, valued at approximately $4,923,488.83. This trade represents a 10.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Dan Spaulding sold 5,455 shares of Zillow Group stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $69.40, for a total transaction of $378,577.00. Following the sale, the insider directly owned 50,342 shares in the company, valued at $3,493,734.80. The trade was a 9.78% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 67,511 shares of company stock worth $4,766,357. 17.14% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Zillow Group

A number of hedge funds and other institutional investors have recently bought and sold shares of ZG. Virtu Financial LLC lifted its holdings in shares of Zillow Group by 271.9% during the third quarter. Virtu Financial LLC now owns 293,718 shares of the technology company’s stock valued at $21,864,000 after purchasing an additional 214,743 shares during the last quarter. Wellington Management Group LLP raised its stake in Zillow Group by 60.1% during the third quarter. Wellington Management Group LLP now owns 557,735 shares of the technology company’s stock valued at $41,518,000 after buying an additional 209,312 shares during the last quarter. Millennium Management LLC raised its stake in Zillow Group by 110.8% during the first quarter. Millennium Management LLC now owns 290,999 shares of the technology company’s stock valued at $19,456,000 after buying an additional 152,955 shares during the last quarter. Qube Research & Technologies Ltd boosted its holdings in Zillow Group by 179.1% in the third quarter. Qube Research & Technologies Ltd now owns 175,200 shares of the technology company’s stock worth $13,042,000 after acquiring an additional 112,417 shares in the last quarter. Finally, UBS Group AG grew its stake in shares of Zillow Group by 18.2% in the third quarter. UBS Group AG now owns 704,805 shares of the technology company’s stock worth $52,466,000 after acquiring an additional 108,600 shares during the last quarter. Hedge funds and other 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.