Zillow Group Inc Class A (NASDAQ:ZG) saw some unusual options trading on Monday. Traders bought 3,233 call options on the stock. This is an increase of 1,525% compared to the typical volume of 199 call options.

A number of equities analysts recently issued reports on ZG shares. Bank of America increased their price objective on Zillow Group Inc Class A from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, June 11th. Canaccord Genuity set a $65.00 price objective on Zillow Group Inc Class A and gave the stock a “buy” rating in a report on Thursday, May 31st. KeyCorp set a $56.00 price objective on Zillow Group Inc Class A and gave the stock a “buy” rating in a report on Tuesday, August 7th. Zacks Investment Research raised Zillow Group Inc Class A from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a report on Thursday, August 2nd. Finally, Cowen reissued a “hold” rating and issued a $50.00 price objective on shares of Zillow Group Inc Class A in a report on Tuesday, August 7th. Fifteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Zillow Group Inc Class A currently has a consensus rating of “Hold” and an average price target of $50.72.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new stake in shares of Zillow Group Inc Class A during the 1st quarter valued at $183,000. First Capital Advisors Group LLC. acquired a new stake in shares of Zillow Group Inc Class A during the 2nd quarter valued at $223,000. Strs Ohio acquired a new stake in shares of Zillow Group Inc Class A during the 2nd quarter valued at $248,000. Sei Investments Co. lifted its position in shares of Zillow Group Inc Class A by 204.0% during the 1st quarter. Sei Investments Co. now owns 5,177 shares of the technology company’s stock valued at $280,000 after acquiring an additional 3,474 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in shares of Zillow Group Inc Class A by 805.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,245 shares of the technology company’s stock valued at $283,000 after acquiring an additional 4,666 shares during the last quarter. Hedge funds and other institutional investors own 25.64% of the company’s stock.

ZG opened at $43.62 on Wednesday. The company has a market capitalization of $8.61 billion, a price-to-earnings ratio of 292.93 and a beta of 0.94. 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 Inc Class A has a 1-year low of $38.57 and a 1-year high of $65.42.

Zillow Group Inc Class A (NASDAQ:ZG) last released its earnings results on Monday, August 6th. The technology company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.19. The firm had revenue of $325.25 million during the quarter, compared to the consensus estimate of $325.52 million. Zillow Group Inc Class A had a positive return on equity of 0.23% and a negative net margin of 7.54%. The firm’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.04 earnings per share. analysts predict that Zillow Group Inc Class A will post -0.14 EPS for the current fiscal year.

Zillow Group Inc Class A 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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