Zillow Group, Inc. (NASDAQ:ZG)'s stock price hit a new 52-week high on Tuesday after Truist raised their price target on the stock from $134.00 to $158.00. The company traded as high as $148.18 and last traded at $148.18, with a volume of 2577 shares. The stock had previously closed at $141.36.
A number of other research firms have also recently weighed in on ZG. Craig Hallum increased their price objective on shares of Zillow Group from $130.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, December 16th. ValuEngine lowered shares of Zillow Group from a "buy" rating to a "hold" rating in a research report on Tuesday, December 1st. Canaccord Genuity raised their price objective on shares of Zillow Group from $115.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, November 6th. The Goldman Sachs Group decreased their target price on shares of Zillow Group from $93.00 to $84.00 and set a "neutral" rating for the company in a report on Wednesday, October 28th. Finally, DA Davidson raised their target price on shares of Zillow Group from $94.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, November 6th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company. Zillow Group currently has a consensus rating of "Hold" and a consensus target price of $110.26.
A number of institutional investors and hedge funds have recently bought and sold shares of ZG. Point72 Asset Management L.P. acquired a new stake in Zillow Group during the third quarter worth $17,731,000. DLD Asset Management LP bought a new position in shares of Zillow Group during the third quarter valued at $16,231,000. Soros Capital Management LLC bought a new position in shares of Zillow Group during the third quarter valued at $15,739,000. Bamco Inc. NY lifted its holdings in shares of Zillow Group by 5.2% during the second quarter. Bamco Inc. NY now owns 3,076,916 shares of the technology company's stock valued at $176,861,000 after acquiring an additional 151,708 shares during the period. Finally, Columbus Circle Investors bought a new position in shares of Zillow Group during the third quarter valued at $12,105,000. Hedge funds and other institutional investors own 25.98% of the company's stock.
The company has a market capitalization of $34.35 billion, a P/E ratio of -72.12 and a beta of 1.31. The stock has a fifty day simple moving average of $115.00 and a 200-day simple moving average of $87.85. The company has a quick ratio of 9.73, a current ratio of 10.08 and a debt-to-equity ratio of 0.45.
Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data on Thursday, November 5th. The technology company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.07) by $0.44. The company had revenue of $656.69 million during the quarter, compared to analysts' expectations of $572.25 million. Zillow Group had a negative return on equity of 9.76% and a negative net margin of 11.54%. The business's revenue was down 11.9% on a year-over-year basis. During the same period last year, the business earned ($0.12) earnings per share. Analysts predict that Zillow Group, Inc. will post -1.06 earnings per share for the current fiscal year.
About Zillow Group (NASDAQ:ZG)
Zillow Group, Inc operates real estate brands on mobile and the web in the United States. It operates through three segments: Homes; Internet, Media & Technology; and Mortgages. The company's platform offers buying, selling, renting, and financing services for residential real estate. It also provides a suite of marketing software and technology solutions; and advertising services.
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8 Consumer Staples Stocks That Offer Good Value
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View the "8 Consumer Staples Stocks That Offer Good Value".