Zillow Group (ZG) Announces Quarterly Earnings Results

Zillow Group (NASDAQ:ZG) released its quarterly earnings results on Tuesday. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.04, Morningstar.com reports. Zillow Group had a positive return on equity of 0.06% and a negative net margin of 7.94%. The business had revenue of $343.09 million during the quarter, compared to analyst estimates of $343.73 million.

NASDAQ:ZG opened at $29.91 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 8.18 and a quick ratio of 8.13. Zillow Group has a 12 month low of $29.85 and a 12 month high of $65.42.

Several large investors have recently bought and sold shares of ZG. Legal & General Group Plc lifted its position in shares of Zillow Group by 13.6% in the first quarter. Legal & General Group Plc now owns 27,715 shares of the technology company’s stock worth $1,496,000 after buying an additional 3,326 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Zillow Group by 33.9% in the second quarter. State of Alaska Department of Revenue now owns 6,359 shares of the technology company’s stock worth $379,000 after buying an additional 1,610 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Zillow Group by 2.9% in the second quarter. Bank of Montreal Can now owns 33,865 shares of the technology company’s stock worth $2,024,000 after buying an additional 970 shares in the last quarter. Amalgamated Bank lifted its position in shares of Zillow Group by 10.4% in the second quarter. Amalgamated Bank now owns 12,331 shares of the technology company’s stock worth $737,000 after buying an additional 1,163 shares in the last quarter. Finally, Cornerstone Wealth Management LLC purchased a new stake in shares of Zillow Group in the second quarter worth about $1,198,000. Institutional investors own 25.73% of the company’s stock.

A number of equities analysts have recently weighed in on ZG shares. Wedbush reaffirmed a “neutral” rating and issued a $45.00 price objective on shares of Zillow Group in a research note on Thursday, September 13th. Deutsche Bank dropped their price objective on Zillow Group from $45.00 to $39.00 and set a “hold” rating for the company in a research note on Monday. Craig Hallum reaffirmed a “hold” rating and issued a $45.00 price objective on shares of Zillow Group in a research note on Tuesday, August 7th. They noted that the move was a valuation call. Benchmark dropped their price objective on Zillow Group from $60.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, ValuEngine raised Zillow Group from a “sell” rating to a “hold” rating in a research note on Tuesday, October 23rd. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $44.94.

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Zillow Group Company Profile

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.

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Earnings History for Zillow Group (NASDAQ:ZG)

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