Zillow (ZG) PT Raised to $56.00

Zillow (NASDAQ:ZG) had its price objective increased by Needham & Company LLC from $52.00 to $56.00 in a report published on Friday, MarketBeat Ratings reports. The firm currently has a buy rating on the technology company’s stock.

ZG has been the subject of a number of other research reports. Morgan Stanley upgraded Zillow from an equal weight rating to an overweight rating and set a $39.00 price objective for the company in a research report on Thursday, January 11th. Zacks Investment Research lowered Zillow from a hold rating to a sell rating in a research report on Thursday, February 15th. KeyCorp upgraded Zillow from a sector weight rating to an overweight rating in a research report on Friday, January 26th. Stifel Nicolaus initiated coverage on Zillow in a research report on Thursday, January 18th. They set a hold rating and a $38.00 price objective for the company. Finally, Canaccord Genuity raised their price objective on Zillow from $53.00 to $54.00 and gave the company a buy rating in a research report on Friday, February 9th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $51.31.

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Shares of ZG stock opened at $49.03 on Friday. Zillow has a 52-week low of $34.36 and a 52-week high of $59.73. The company has a quick ratio of 7.11, a current ratio of 7.11 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $9,503.59, a price-to-earnings ratio of 326.87, a price-to-earnings-growth ratio of 45.31 and a beta of 0.92.

Zillow (NASDAQ:ZG) last issued its quarterly earnings results on Thursday, February 8th. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.19. Zillow had a positive return on equity of 0.03% and a negative net margin of 8.77%. The business had revenue of $282.30 million during the quarter, compared to analyst estimates of $277.60 million. During the same quarter in the prior year, the business posted $0.14 EPS. Zillow’s revenue for the quarter was up 24.0% compared to the same quarter last year. analysts expect that Zillow will post 0.22 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ZG. Millennium Management LLC lifted its stake in Zillow by 83.9% in the fourth quarter. Millennium Management LLC now owns 597,199 shares of the technology company’s stock worth $24,330,000 after purchasing an additional 272,492 shares during the last quarter. Caledonia Private Investments Pty Ltd lifted its stake in Zillow by 1.4% in the fourth quarter. Caledonia Private Investments Pty Ltd now owns 14,105,313 shares of the technology company’s stock worth $574,650,000 after purchasing an additional 196,271 shares during the last quarter. Teachers Advisors LLC lifted its stake in Zillow by 3.6% in the fourth quarter. Teachers Advisors LLC now owns 59,570 shares of the technology company’s stock worth $2,427,000 after purchasing an additional 2,050 shares during the last quarter. Paloma Partners Management Co bought a new stake in Zillow in the fourth quarter worth about $238,000. Finally, California State Teachers Retirement System lifted its stake in Zillow by 2.0% in the fourth quarter. California State Teachers Retirement System now owns 87,266 shares of the technology company’s stock worth $3,555,000 after purchasing an additional 1,701 shares during the last quarter. Institutional investors own 26.13% of the company’s stock.

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About Zillow

Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable consumers find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

Analyst Recommendations for Zillow (NASDAQ:ZG)

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