Zillow Group (NASDAQ:ZG) Earns “Neutral” Rating from Cantor Fitzgerald

Zillow Group (NASDAQ:ZG)‘s stock had its “neutral” rating restated by investment analysts at Cantor Fitzgerald in a research note issued on Monday, Benzinga reports. They presently have a $47.00 target price on the technology company’s stock. Cantor Fitzgerald’s price target would indicate a potential downside of 27.88% from the stock’s current price.

Several other brokerages have also recently issued reports on ZG. Evercore ISI upped their target price on shares of Zillow Group from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. UBS Group upped their target price on shares of Zillow Group from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Barclays upped their price target on shares of Zillow Group from $35.00 to $36.00 and gave the company an “underweight” rating in a report on Thursday, August 8th. Susquehanna upped their price target on shares of Zillow Group from $42.00 to $55.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Finally, Citigroup upped their price target on shares of Zillow Group from $58.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Zillow Group has an average rating of “Moderate Buy” and an average price target of $59.82.

Zillow Group Trading Up 2.4 %

Shares of Zillow Group stock opened at $65.17 on Monday. The company has a market capitalization of $15.39 billion, a P/E ratio of -94.45 and a beta of 2.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.12 and a current ratio of 2.12. The company has a fifty day moving average of $52.34 and a 200 day moving average of $47.38. Zillow Group has a fifty-two week low of $33.23 and a fifty-two week high of $66.75.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Wednesday, August 7th. The technology company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.31 by $0.08. The business had revenue of $572.00 million for the quarter, compared to analysts’ expectations of $538.36 million. Zillow Group had a negative net margin of 6.81% and a negative return on equity of 2.50%. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.05) EPS. On average, sell-side analysts anticipate that Zillow Group will post -0.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Jennifer Rock sold 4,050 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $49.23, for a total transaction of $199,381.50. Following the transaction, the chief accounting officer now directly owns 79,694 shares in the company, valued at $3,923,335.62. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Amy Bohutinsky sold 20,625 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the transaction, the director now directly owns 5,652 shares in the company, valued at $379,983.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Jennifer Rock sold 4,050 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $49.23, for a total transaction of $199,381.50. Following the transaction, the chief accounting officer now owns 79,694 shares in the company, valued at $3,923,335.62. The disclosure for this sale can be found here. Insiders have sold 221,999 shares of company stock worth $11,780,363 in the last three months. Corporate insiders own 17.14% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Zillow Group by 27.4% in the fourth quarter. Vanguard Group Inc. now owns 8,054,673 shares of the technology company’s stock worth $456,861,000 after buying an additional 1,730,731 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Zillow Group by 8.7% during the second quarter. Dimensional Fund Advisors LP now owns 441,800 shares of the technology company’s stock valued at $19,901,000 after buying an additional 35,503 shares during the period. UBS Group AG grew its position in Zillow Group by 73.0% during the fourth quarter. UBS Group AG now owns 420,170 shares of the technology company’s stock valued at $23,832,000 after buying an additional 177,265 shares during the period. Selkirk Management LLC grew its position in Zillow Group by 37.4% during the second quarter. Selkirk Management LLC now owns 320,800 shares of the technology company’s stock valued at $14,449,000 after buying an additional 87,300 shares during the period. Finally, US Bancorp DE grew its position in shares of Zillow Group by 42.6% in the first quarter. US Bancorp DE now owns 246,020 shares of the technology company’s stock valued at $11,775,000 after purchasing an additional 73,504 shares during the period. 20.32% of the stock is currently owned by institutional investors.

Zillow Group Company Profile

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.