Macquarie initiated coverage on shares of Zillow Group, Inc. (NASDAQ:ZG) in a research report issued to clients and investors on Monday, MarketBeat.com reports. The brokerage set a “neutral” rating on the technology company’s stock.

Several other analysts also recently issued reports on ZG. Stephens reissued an “overweight” rating and issued a $54.00 price objective (up previously from $48.00) on shares of Zillow Group in a research note on Monday, June 19th. Bank of America Corporation reissued a “buy” rating and issued a $53.00 price objective (up previously from $45.00) on shares of Zillow Group in a research note on Wednesday, June 21st. Craig Hallum reissued a “buy” rating on shares of Zillow Group in a research note on Thursday, June 22nd. KeyCorp initiated coverage on shares of Zillow Group in a research note on Monday, July 17th. They issued an “equal weight” rating for the company. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $50.00 price objective (up previously from $44.00) on shares of Zillow Group in a research note on Monday, August 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. Zillow Group presently has an average rating of “Hold” and an average price target of $45.07.

Zillow Group (NASDAQ:ZG) traded down 0.039% on Monday, reaching $38.915. The company’s stock had a trading volume of 496,006 shares. Zillow Group has a one year low of $31.17 and a one year high of $50.91. The firm has a 50-day moving average of $41.82 and a 200-day moving average of $40.88. The company’s market capitalization is $7.22 billion.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Tuesday, August 8th. The technology company reported ($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.11). The company had revenue of $266.85 million during the quarter, compared to analysts’ expectations of $262.21 million. Zillow Group had a negative return on equity of 0.40% and a negative net margin of 4.47%. The company’s revenue was up 28.0% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.71) EPS. Analysts predict that Zillow Group will post $0.50 EPS for the current year.

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A number of hedge funds have recently modified their holdings of the stock. Caledonia Private Investments Pty Ltd increased its holdings in Zillow Group by 2.0% during the second quarter. Caledonia Private Investments Pty Ltd now owns 13,628,910 shares of the technology company’s stock valued at $667,953,000 after buying an additional 268,722 shares during the period. Vanguard Group Inc. increased its holdings in Zillow Group by 0.6% during the second quarter. Vanguard Group Inc. now owns 4,218,727 shares of the technology company’s stock valued at $206,043,000 after buying an additional 26,455 shares during the period. Wellington Management Group LLP increased its holdings in Zillow Group by 3.0% during 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 during the period. SRS Investment Management LLC increased its holdings in Zillow Group by 21.0% during 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 during the period. Finally, UBS Group AG increased its holdings in Zillow Group by 1,595.6% during 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 during the period. 26.13% of the stock is currently owned by institutional investors.

About Zillow Group

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 people 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 Group (NASDAQ:ZG)

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