Investors Buy Large Volume of Call Options on Zillow Group (ZG)

Zillow Group Inc (NASDAQ:ZG) was the recipient of some unusual options trading activity on Tuesday. Stock investors acquired 1,614 call options on the company. This is an increase of 955% compared to the average daily volume of 153 call options.

A number of analysts have weighed in on the stock. DA Davidson set a $52.00 price target on shares of Zillow Group and gave the company a “hold” rating in a report on Tuesday, August 7th. Cowen reissued a “hold” rating and issued a $50.00 price target on shares of Zillow Group in a report on Tuesday, August 7th. ValuEngine raised shares of Zillow Group from a “sell” rating to a “hold” rating in a report on Tuesday, October 23rd. Jefferies Financial Group increased their price target on shares of Zillow Group from $60.00 to $76.00 and gave the company a “hold” rating in a report on Tuesday, July 31st. They noted that the move was a valuation call. Finally, Canaccord Genuity reduced their price target on shares of Zillow Group from $65.00 to $62.00 and set a “buy” rating for the company in a report on Tuesday, August 7th. Fourteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Zillow Group presently has an average rating of “Hold” and an average target price of $48.50.

Several large investors have recently added to or reduced their stakes in the company. Bank of Montreal Can lifted its holdings in shares of Zillow Group by 2.9% during the 2nd quarter. Bank of Montreal Can now owns 33,865 shares of the technology company’s stock worth $2,024,000 after acquiring an additional 970 shares during the period. TD Asset Management Inc. lifted its holdings in Zillow Group by 4.3% during the 2nd quarter. TD Asset Management Inc. now owns 24,300 shares of the technology company’s stock valued at $1,452,000 after purchasing an additional 1,000 shares during the last quarter. Amalgamated Bank lifted its holdings in Zillow Group by 10.4% during the 2nd quarter. Amalgamated Bank now owns 12,331 shares of the technology company’s stock valued at $737,000 after purchasing an additional 1,163 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in Zillow Group by 33.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,359 shares of the technology company’s stock valued at $379,000 after purchasing an additional 1,610 shares during the last quarter. Finally, Strs Ohio lifted its holdings in Zillow Group by 42.5% during the 3rd quarter. Strs Ohio now owns 5,928 shares of the technology company’s stock valued at $262,000 after purchasing an additional 1,767 shares during the last quarter. 25.73% of the stock is owned by institutional investors.

NASDAQ:ZG opened at $40.75 on Wednesday. The stock has a market cap of $8.39 billion, a PE ratio of 271.67 and a beta of 1.12. Zillow Group has a 52 week low of $36.55 and a 52 week high of $65.42. The company has a quick ratio of 8.13, a current ratio of 8.18 and a debt-to-equity ratio of 0.14.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Monday, August 6th. The technology company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.19. The company had revenue of $325.25 million during the quarter, compared to the consensus estimate of $325.52 million. Zillow Group had a negative net margin of 7.54% and a positive return on equity of 0.23%. The firm’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same period last year, the firm earned $0.04 EPS. On average, equities research analysts expect that Zillow Group will post -0.14 EPS for the current year.

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Zillow Group 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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