Zillow Group (ZG) to Release Earnings on Wednesday

Zillow Group (NASDAQ:ZG) is projected to release its results after the market closes on Wednesday, May 6th. Analysts expect Zillow Group to post earnings of $0.43 per share and revenue of $705.1590 million for the quarter.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.03). The company had revenue of $654.00 million during the quarter, compared to analyst estimates of $650.40 million. Zillow Group had a net margin of 0.89% and a return on equity of 0.56%. The company’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.27 EPS. On average, analysts expect Zillow Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Zillow Group Stock Performance

NASDAQ ZG opened at $45.50 on Monday. The company has a market cap of $10.92 billion, a PE ratio of 505.61, a PEG ratio of 2.23 and a beta of 2.04. Zillow Group has a 12 month low of $39.14 and a 12 month high of $90.22. The stock has a 50 day moving average of $43.68 and a 200-day moving average of $58.41.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, General Counsel Bradley D. Owens sold 2,602 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $44.42, for a total transaction of $115,580.84. Following the completion of the sale, the general counsel owned 33,355 shares of the company’s stock, valued at $1,481,629.10. This trade represents a 7.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO David A. Beitel sold 3,966 shares of the firm’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $44.22, for a total value of $175,376.52. Following the sale, the chief technology officer directly owned 136,690 shares of the company’s stock, valued at $6,044,431.80. This represents a 2.82% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 60,801 shares of company stock worth $2,683,986. 29.88% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Zillow Group

A number of hedge funds and other institutional investors have recently modified their holdings of ZG. Tiger Global Management LLC lifted its holdings in shares of Zillow Group by 30.7% during the fourth quarter. Tiger Global Management LLC now owns 1,023,733 shares of the technology company’s stock worth $69,849,000 after buying an additional 240,690 shares in the last quarter. Virtu Financial LLC lifted its holdings in shares of Zillow Group by 271.9% during the third quarter. Virtu Financial LLC now owns 293,718 shares of the technology company’s stock worth $21,864,000 after buying an additional 214,743 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Zillow Group by 60.1% during the third quarter. Wellington Management Group LLP now owns 557,735 shares of the technology company’s stock worth $41,518,000 after buying an additional 209,312 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of Zillow Group during the fourth quarter worth $11,652,000. Finally, Millennium Management LLC lifted its holdings in shares of Zillow Group by 110.8% during the first quarter. Millennium Management LLC now owns 290,999 shares of the technology company’s stock worth $19,456,000 after buying an additional 152,955 shares in the last quarter. Institutional investors and hedge funds own 20.32% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on ZG. Sanford C. Bernstein cut their price objective on Zillow Group from $105.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, January 12th. Citigroup cut their price objective on Zillow Group from $100.00 to $78.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $95.00 price target on shares of Zillow Group in a report on Tuesday, April 28th. Cantor Fitzgerald cut their price target on Zillow Group from $56.00 to $46.00 and set a “neutral” rating for the company in a report on Wednesday, March 25th. Finally, Mizuho set a $65.00 price target on Zillow Group in a report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $76.45.

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.