Zillow Group (ZG) to Release Quarterly Earnings on Tuesday

Zillow Group (NASDAQ:ZG) is expected to be releasing its results after the market closes on Tuesday, February 10th. Analysts expect Zillow Group to post earnings of $0.42 per share and revenue of $650.3960 million for the quarter.

Zillow Group Price Performance

NASDAQ ZG opened at $54.50 on Monday. Zillow Group has a 12 month low of $53.37 and a 12 month high of $90.22. The stock has a market capitalization of $13.19 billion, a P/E ratio of -389.26, a PEG ratio of 3.16 and a beta of 2.04. The firm’s 50-day moving average is $67.22 and its two-hundred day moving average is $72.78.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ZG shares. Barclays set a $72.00 price objective on shares of Zillow Group and gave the stock an “equal weight” rating in a research report on Thursday, January 29th. Citigroup reissued a “market outperform” rating on shares of Zillow Group in a research report on Monday, January 12th. Piper Sandler reiterated an “overweight” rating and issued a $85.00 price objective (down from $94.00) on shares of Zillow Group in a research note on Friday, October 31st. Citizens Jmp reduced their price target on Zillow Group from $90.00 to $85.00 and set a “market outperform” rating on the stock in a research report on Monday, January 12th. Finally, UBS Group lowered their price objective on Zillow Group from $95.00 to $92.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Sixteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $85.13.

Insider Activity at Zillow Group

In other Zillow Group news, insider Dan Spaulding sold 5,455 shares of the firm’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $69.40, for a total value of $378,577.00. Following the transaction, the insider directly owned 50,342 shares of the company’s stock, valued at $3,493,734.80. This trade represents a 9.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Bradley D. Owens sold 2,722 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $67.41, for a total value of $183,490.02. Following the transaction, the general counsel owned 37,974 shares in the company, valued at approximately $2,559,827.34. This represents a 6.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 64,801 shares of company stock valued at $4,566,277 over the last quarter. Company insiders own 17.14% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its stake in shares of Zillow Group by 40.5% during the first quarter. AQR Capital Management LLC now owns 12,890 shares of the technology company’s stock valued at $862,000 after acquiring an additional 3,717 shares in the last quarter. Millennium Management LLC boosted its holdings in Zillow Group by 110.8% in the first quarter. Millennium Management LLC now owns 290,999 shares of the technology company’s stock valued at $19,456,000 after purchasing an additional 152,955 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Zillow Group by 7.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 87,912 shares of the technology company’s stock valued at $5,878,000 after purchasing an additional 5,737 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Zillow Group by 5.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 21,093 shares of the technology company’s stock worth $1,445,000 after purchasing an additional 1,150 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in shares of Zillow Group by 16.3% in the 2nd quarter. Prudential Financial Inc. now owns 7,933 shares of the technology company’s stock valued at $543,000 after purchasing an additional 1,110 shares in the last quarter. 20.32% of the stock is owned by hedge funds and other institutional investors.

About Zillow Group

Zillow Group (NASDAQ:ZG) is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.

Zillow’s core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.