SunTrust Banks started coverage on shares of Zillow Group (NASDAQ:ZG) in a research note released on Tuesday morning, Benzinga reports. The firm issued a buy rating and a $49.39 price objective on the technology company’s stock.
ZG has been the subject of a number of other reports. ValuEngine downgraded shares of Zymeworks from a buy rating to a hold rating in a research note on Saturday, May 18th. BidaskClub raised shares of Zillow Group from a buy rating to a strong-buy rating in a research note on Tuesday, July 2nd. Guggenheim raised their target price on shares of Zillow Group from $45.00 to $50.00 in a research note on Tuesday, June 18th. Jefferies Financial Group set a €20.00 ($23.26) target price on shares of ThyssenKrupp and gave the company a buy rating in a research note on Friday, May 10th. Finally, Barclays reaffirmed a hold rating on shares of Mettler-Toledo International in a research note on Wednesday, May 15th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $45.46.
NASDAQ ZG opened at $48.70 on Tuesday. The company’s 50-day simple moving average is $44.87. The company has a current ratio of 4.73, a quick ratio of 3.98 and a debt-to-equity ratio of 0.25. Zillow Group has a 12-month low of $26.20 and a 12-month high of $64.66. The stock has a market capitalization of $10.44 billion, a price-to-earnings ratio of -187.31 and a beta of 0.82.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ZG. Twin Tree Management LP bought a new position in Zillow Group in the first quarter worth approximately $29,000. Resources Investment Advisors Inc. bought a new position in Zillow Group in the fourth quarter worth approximately $47,000. Amundi Pioneer Asset Management Inc. bought a new position in Zillow Group in the fourth quarter worth approximately $116,000. BNP Paribas Arbitrage SA raised its position in Zillow Group by 123.3% in the first quarter. BNP Paribas Arbitrage SA now owns 5,742 shares of the technology company’s stock worth $196,000 after acquiring an additional 3,170 shares during the period. Finally, Xact Kapitalforvaltning AB bought a new position in Zillow Group in the first quarter worth approximately $239,000. Institutional investors and hedge funds own 24.15% of the company’s stock.
About Zillow Group
Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.
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