Zillow Group, Inc. (NASDAQ:ZG) released its quarterly earnings results on Tuesday. The technology company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.11, Morningstar.com reports. The company had revenue of $266.85 million for the quarter, compared to analyst estimates of $262.21 million. Zillow Group had a negative net margin of 19.58% and a negative return on equity of 5.65%. Zillow Group’s revenue for the quarter was up 28.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.71) EPS.

Zillow Group (ZG) traded down 10.023% during midday trading on Wednesday, hitting $42.955. 1,250,364 shares of the company were exchanged. The stock’s market capitalization is $7.87 billion. Zillow Group has a 1-year low of $31.17 and a 1-year high of $50.91. The stock has a 50 day moving average of $46.68 and a 200-day moving average of $40.10.

ZG has been the subject of a number of analyst reports. Zacks Investment Research upgraded Zillow Group from a “sell” rating to a “buy” rating and set a $39.00 price target for the company in a research note on Thursday, April 13th. Royal Bank Of Canada lifted their price target on Zillow Group from $40.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, May 5th. Benchmark Co. lifted their price target on Zillow Group from $43.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, May 5th. Needham & Company LLC reiterated a “buy” rating and set a $48.00 price target (up previously from $41.00) on shares of Zillow Group in a research note on Friday, May 5th. Finally, Cowen and Company lifted their target price on shares of Zillow Group from $37.00 to $40.00 and gave the stock a “market perform” rating in a research report on Friday, May 5th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Zillow Group presently has an average rating of “Buy” and an average target price of $45.21.

A number of large investors have recently modified their holdings of ZG. Caledonia Private Investments Pty Ltd boosted its stake in shares of Zillow Group by 1.7% in the first quarter. Caledonia Private Investments Pty Ltd now owns 13,360,188 shares of the technology company’s stock valued at $451,708,000 after buying an additional 225,096 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Zillow Group by 11.9% in the first quarter. Vanguard Group Inc. now owns 4,192,272 shares of the technology company’s stock valued at $141,741,000 after buying an additional 444,184 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Zillow Group by 3.0% in the first quarter. Wellington Management Group LLP now owns 3,232,234 shares of the technology company’s stock valued at $109,282,000 after buying an additional 93,166 shares in the last quarter. SRS Investment Management LLC boosted its stake in shares of Zillow Group by 21.0% in the first quarter. SRS Investment Management LLC now owns 1,195,979 shares of the technology company’s stock valued at $40,436,000 after buying an additional 207,803 shares in the last quarter. Finally, UBS Group AG boosted its stake in shares of Zillow Group by 1,595.6% in the first quarter. UBS Group AG now owns 741,317 shares of the technology company’s stock valued at $25,064,000 after buying an additional 697,598 shares in the last quarter. Institutional investors own 26.82% of the company’s stock.

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Earnings History for Zillow Group (NASDAQ:ZG)

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