State of Wisconsin Investment Board boosted its position in Zillow Group, Inc. (NASDAQ:ZG) by 31.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 824,692 shares of the technology company’s stock after buying an additional 196,571 shares during the quarter. State of Wisconsin Investment Board’s holdings in Zillow Group were worth $33,598,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Stifel Financial Corp bought a new stake in Zillow Group in the second quarter valued at approximately $209,000. State of Alaska Department of Revenue bought a new stake in Zillow Group in the fourth quarter valued at approximately $195,000. Virtu KCG Holdings LLC bought a new stake in Zillow Group in the second quarter valued at approximately $274,000. Parametrica Management Ltd bought a new stake in Zillow Group in the fourth quarter valued at approximately $235,000. Finally, Advisors Asset Management Inc. lifted its position in Zillow Group by 85.0% in the third quarter. Advisors Asset Management Inc. now owns 6,085 shares of the technology company’s stock valued at $244,000 after purchasing an additional 2,796 shares during the last quarter. 25.77% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently commented on ZG shares. Bank of America upped their target price on Zillow Group from $53.00 to $56.00 and gave the company a “buy” rating in a report on Friday, February 9th. Canaccord Genuity upped their target price on Zillow Group from $53.00 to $54.00 and gave the company a “buy” rating in a report on Friday, February 9th. Barclays upped their target price on Zillow Group from $44.00 to $46.00 and gave the company an “equal weight” rating in a report on Wednesday, November 8th. Stifel Nicolaus started coverage on Zillow Group in a report on Thursday, January 18th. They set a “hold” rating and a $38.00 target price for the company. Finally, Jefferies Group started coverage on Zillow Group in a report on Tuesday, February 6th. They set a “hold” rating and a $50.00 target price for the company. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $48.43.
Shares of Zillow Group, Inc. (ZG) opened at $46.96 on Monday. Zillow Group, Inc. has a 12 month low of $32.63 and a 12 month high of $50.91. The company has a debt-to-equity ratio of 0.14, a quick ratio of 7.11 and a current ratio of 7.11.
Zillow Group (NASDAQ:ZG) last released its earnings results on Thursday, February 8th. The technology company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. Zillow Group had a positive return on equity of 0.03% and a negative net margin of 8.77%. The firm had revenue of $282.30 million for the quarter, compared to analysts’ expectations of $277.60 million. During the same period in the prior year, the firm posted $0.14 earnings per share. The company’s quarterly revenue was up 24.0% on a year-over-year basis. equities analysts predict that Zillow Group, Inc. will post 0.23 EPS for the current year.
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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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