Zillow Group Inc (NASDAQ:ZG) was the recipient of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 3,110,000 shares, a drop of 13.1% from the January 15th total of 3,580,000 shares. Currently, 5.6% of the shares of the company are sold short. Based on an average trading volume of 506,100 shares, the short-interest ratio is currently 6.1 days.
ZG has been the topic of a number of recent research reports. Piper Jaffray Companies cut their target price on shares of Zillow Group from $43.00 to $37.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Craig Hallum reissued a “buy” rating and issued a $65.00 target price on shares of Zillow Group in a report on Thursday, January 16th. Stephens reissued a “buy” rating and issued a $57.00 target price on shares of Zillow Group in a report on Wednesday, November 27th. Wedbush reissued a “hold” rating and issued a $39.00 target price on shares of Zillow Group in a report on Monday, November 25th. Finally, DA Davidson raised their target price on shares of Zillow Group to $41.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $47.18.
Several institutional investors and hedge funds have recently added to or reduced their stakes in ZG. Tower Research Capital LLC TRC raised its holdings in shares of Zillow Group by 11,212.5% during the third quarter. Tower Research Capital LLC TRC now owns 905 shares of the technology company’s stock valued at $27,000 after buying an additional 897 shares during the last quarter. Joseph P. Lucia & Associates LLC raised its holdings in Zillow Group by 50.0% during the fourth quarter. Joseph P. Lucia & Associates LLC now owns 900 shares of the technology company’s stock worth $41,000 after purchasing an additional 300 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in Zillow Group by 13.3% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,214 shares of the technology company’s stock worth $195,000 after purchasing an additional 494 shares in the last quarter. Raymond James Trust N.A. raised its holdings in Zillow Group by 7.4% during the third quarter. Raymond James Trust N.A. now owns 7,300 shares of the technology company’s stock worth $216,000 after purchasing an additional 500 shares in the last quarter. Finally, Norris Perne & French LLP MI bought a new stake in Zillow Group during the fourth quarter worth approximately $217,000. 24.33% of the stock is currently owned by institutional investors.
ZG opened at $51.68 on Friday. The business’s 50 day moving average is $47.25 and its 200-day moving average is $39.08. The stock has a market cap of $10.71 billion, a PE ratio of -35.16 and a beta of 0.94. The company has a current ratio of 3.81, a quick ratio of 2.84 and a debt-to-equity ratio of 0.49. Zillow Group has a twelve month low of $28.12 and a twelve month high of $52.50.
Zillow Group Company Profile
Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.
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