Teachers Advisors LLC raised its stake in Zillow Group, Inc. (NASDAQ:ZG) by 13.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,520 shares of the technology company’s stock after buying an additional 6,668 shares during the period. Teachers Advisors LLC’s holdings in Zillow Group were worth $2,809,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its holdings in shares of Zillow Group by 15.0% in the 1st quarter. Wells Fargo & Company MN now owns 17,632 shares of the technology company’s stock valued at $596,000 after purchasing an additional 2,304 shares during the last quarter. Karp Capital Management Corp acquired a new position in shares of Zillow Group in the 1st quarter valued at $547,000. Parametric Portfolio Associates LLC boosted its holdings in shares of Zillow Group by 82.1% in the 1st quarter. Parametric Portfolio Associates LLC now owns 32,047 shares of the technology company’s stock valued at $1,084,000 after purchasing an additional 14,449 shares during the last quarter. California Public Employees Retirement System boosted its holdings in shares of Zillow Group by 187.2% in the 1st quarter. California Public Employees Retirement System now owns 317,400 shares of the technology company’s stock valued at $11,023,000 after purchasing an additional 206,900 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of Zillow Group by 206.6% in the 1st quarter. Legal & General Group Plc now owns 18,436 shares of the technology company’s stock valued at $623,000 after purchasing an additional 12,422 shares during the last quarter. 26.13% of the stock is owned by hedge funds and other institutional investors.
Shares of Zillow Group, Inc. (ZG) opened at 41.02 on Friday. Zillow Group, Inc. has a 12-month low of $31.24 and a 12-month high of $50.91. The stock’s 50 day moving average is $40.35 and its 200-day moving average is $42.25. The firm’s market cap is $7.61 billion.
Zillow Group (NASDAQ:ZG) last issued its earnings results on Tuesday, August 8th. The technology company reported ($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.11). The business had revenue of $266.85 million for the quarter, compared to analyst estimates of $262.21 million. Zillow Group had a negative return on equity of 0.40% and a negative net margin of 4.47%. The firm’s revenue was up 28.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.71) EPS. On average, analysts anticipate that Zillow Group, Inc. will post $0.50 EPS for the current fiscal year.
ZG has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Zillow Group from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. KeyCorp initiated coverage on shares of Zillow Group in a report on Monday, July 17th. They issued an “equal weight” rating on the stock. Deutsche Bank AG reiterated a “hold” rating and issued a $50.00 price objective (up previously from $44.00) on shares of Zillow Group in a report on Monday, August 7th. ValuEngine lowered shares of Zillow Group from a “hold” rating to a “sell” rating in a report on Wednesday, September 6th. Finally, Macquarie began coverage on shares of Zillow Group in a research report on Monday, September 25th. They issued a “neutral” rating for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $45.07.
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Zillow Group 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 people 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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