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

Several other research firms also recently weighed in on ZG. Morgan Stanley raised shares of Zillow from an equal weight rating to an overweight rating and set a $39.00 price target for the company in a research note on Thursday, January 11th. Stifel Nicolaus started coverage on shares of Zillow in a research note on Thursday, January 18th. They set a hold rating and a $38.00 price target for the company. KeyCorp raised shares of Zillow from a sector weight rating to an overweight rating in a research note on Friday, January 26th. Jefferies Group started coverage on shares of Zillow in a research note on Tuesday, February 6th. They set a hold rating and a $50.00 price target for the company. Finally, Canaccord Genuity lifted their price target on shares of Zillow from $53.00 to $54.00 and gave the company a buy rating in a research note on Friday, February 9th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $51.31.

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Shares of NASDAQ ZG opened at $49.03 on Friday. 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 stock has a market capitalization of $9,503.59, a price-to-earnings ratio of 326.87, a PEG ratio of 45.31 and a beta of 0.92. Zillow has a 1 year low of $34.36 and a 1 year high of $59.73.

Zillow (NASDAQ:ZG) last announced its quarterly earnings data on Thursday, February 8th. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. The business had revenue of $282.30 million during the quarter, compared to the consensus estimate of $277.60 million. Zillow had a negative net margin of 8.77% and a positive return on equity of 0.03%. The firm’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 earnings per share. sell-side analysts predict that Zillow will post 0.22 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the stock. Caledonia Private Investments Pty Ltd grew its holdings 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. BlackRock Inc. grew its holdings in Zillow by 4.9% in the fourth quarter. BlackRock Inc. now owns 1,880,318 shares of the technology company’s stock worth $76,604,000 after purchasing an additional 88,233 shares during the last quarter. Spark Investment Management LLC grew its holdings in Zillow by 9.4% in the fourth quarter. Spark Investment Management LLC now owns 378,300 shares of the technology company’s stock worth $15,411,000 after purchasing an additional 32,500 shares during the last quarter. Paloma Partners Management Co purchased a new position in Zillow in the fourth quarter worth $238,000. Finally, River & Mercantile Asset Management LLP grew its holdings in Zillow by 110.8% in the fourth quarter. River & Mercantile Asset Management LLP now owns 47,860 shares of the technology company’s stock worth $1,949,000 after purchasing an additional 25,160 shares during the last quarter. 26.13% of the stock is owned by institutional investors.

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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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