Zillow Group (ZG) Downgraded by Barclays

Zillow Group (NASDAQ:ZG) was downgraded by research analysts at Barclays from an “equal weight” rating to an “underweight” rating in a report issued on Thursday, The Fly reports.

ZG has been the topic of several other reports. ValuEngine raised Zillow Group from a “sell” rating to a “hold” rating in a report on Saturday, February 23rd. Craig Hallum raised Zillow Group from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Thursday, November 29th. Needham & Company LLC started coverage on Zillow Group in a report on Tuesday, January 8th. They set a “hold” rating on the stock. Wedbush increased their target price on Zillow Group from $30.00 to $39.00 and gave the stock a “neutral” rating in a report on Wednesday, February 27th. They noted that the move was a valuation call. Finally, Bank of America lowered Zillow Group from a “neutral” rating to an “underperform” rating in a report on Friday, February 22nd. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $44.38.

NASDAQ ZG traded down $1.32 on Thursday, reaching $37.61. The stock had a trading volume of 723,794 shares, compared to its average volume of 888,578. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.58 and a quick ratio of 6.02. Zillow Group has a 1-year low of $26.20 and a 1-year high of $65.42. The firm has a market cap of $7.97 billion, a price-to-earnings ratio of -144.65 and a beta of 1.29.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data on Thursday, February 21st. The technology company reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.02. Zillow Group had a negative return on equity of 1.63% and a negative net margin of 8.99%. The firm had revenue of $365.34 million for the quarter, compared to analyst estimates of $349.46 million. On average, equities analysts anticipate that Zillow Group will post -1.4 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Zillow Group by 206.5% during the 3rd quarter. Vanguard Group Inc. now owns 14,959,121 shares of the technology company’s stock worth $661,673,000 after buying an additional 10,077,908 shares during the last quarter. Vanguard Group Inc lifted its position in shares of Zillow Group by 9.5% during the 3rd quarter. Vanguard Group Inc now owns 5,344,679 shares of the technology company’s stock worth $236,235,000 after buying an additional 463,466 shares during the last quarter. Morgan Stanley lifted its position in shares of Zillow Group by 124.7% during the 3rd quarter. Morgan Stanley now owns 3,965,989 shares of the technology company’s stock worth $175,296,000 after buying an additional 2,201,039 shares during the last quarter. BlackRock Inc. lifted its position in shares of Zillow Group by 4.0% during the 4th quarter. BlackRock Inc. now owns 2,328,142 shares of the technology company’s stock worth $73,173,000 after buying an additional 88,853 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Zillow Group during the 4th quarter worth $28,753,000. Institutional investors and hedge funds own 24.82% of the company’s stock.

About Zillow Group

Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

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