S&P 500   3,768.25
DOW   30,814.26
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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
pixel
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
pixel
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
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Zillow Group (NASDAQ:ZG) Hits New 1-Year High on Analyst Upgrade

Last updated on Tuesday, December 22, 2020 | 2020 MarketBeat

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.

Further Reading: How does a margin account work?

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]


8 Consumer Staples Stocks That Offer Good Value

Chances are you’ve been spending more time at home than usual. You may also be spending more of your budget on some creature comforts that might normally make it on your shopping list. These are the consumer staples that you rely on every day.

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Fortunately, there are still several stocks that appear to have room to grow and offer a nice dividend for investors.

View the "8 Consumer Staples Stocks That Offer Good Value".

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