Polianta Ltd bought a new position in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 23,700 shares of the technology company's stock, valued at approximately $1,134,000.
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Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Zillow Group during the 4th quarter valued at about $102,096,000. Vanguard Group Inc. grew its stake in Zillow Group by 27.4% during the 4th quarter. Vanguard Group Inc. now owns 8,054,673 shares of the technology company's stock valued at $456,861,000 after purchasing an additional 1,730,731 shares during the last quarter. Qube Research & Technologies Ltd grew its stake in Zillow Group by 50.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 946,571 shares of the technology company's stock valued at $42,397,000 after purchasing an additional 317,683 shares during the last quarter. UBS Group AG lifted its holdings in shares of Zillow Group by 73.0% in the 4th quarter. UBS Group AG now owns 420,170 shares of the technology company's stock valued at $23,832,000 after buying an additional 177,265 shares during the period. Finally, Berkshire Capital Holdings Inc. lifted its holdings in shares of Zillow Group by 1,145,800.0% in the 4th quarter. Berkshire Capital Holdings Inc. now owns 114,590 shares of the technology company's stock valued at $6,630,000 after buying an additional 114,580 shares during the period. 20.32% of the stock is currently owned by hedge funds and other institutional investors.
Zillow Group Price Performance
NASDAQ:ZG traded down $0.06 during trading hours on Thursday, hitting $47.49. 818,314 shares of the stock were exchanged, compared to its average volume of 654,289. Zillow Group, Inc. has a 52-week low of $33.23 and a 52-week high of $59.23. The firm's fifty day moving average price is $42.36 and its 200 day moving average price is $48.65. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.21. The company has a market cap of $11.22 billion, a P/E ratio of -68.83 and a beta of 2.02.
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Zillow Group (NASDAQ:ZG - Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.02. The business had revenue of $529.00 million during the quarter, compared to analyst estimates of $509.30 million. Zillow Group had a negative return on equity of 2.28% and a negative net margin of 7.93%. As a group, equities research analysts anticipate that Zillow Group, Inc. will post -0.4 EPS for the current fiscal year.
Insider Activity
In related news, insider Susan Daimler sold 5,786 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $44.22, for a total value of $255,856.92. Following the completion of the transaction, the insider now directly owns 35,572 shares in the company, valued at $1,572,993.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Zillow Group news, COO Jeremy Wacksman sold 6,498 shares of the company's stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $44.27, for a total transaction of $287,666.46. Following the transaction, the chief operating officer now directly owns 126,775 shares in the company, valued at $5,612,329.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Susan Daimler sold 5,786 shares of the company's stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $44.22, for a total value of $255,856.92. Following the transaction, the insider now owns 35,572 shares in the company, valued at $1,572,993.84. The disclosure for this sale can be found here. Insiders sold 64,260 shares of company stock worth $2,846,739 over the last ninety days. Corporate insiders own 17.14% of the company's stock.
Analyst Ratings Changes
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Several brokerages have recently issued reports on ZG. DA Davidson reissued a "buy" rating and issued a $52.00 price objective on shares of Zillow Group in a report on Tuesday. Royal Bank of Canada decreased their price objective on Zillow Group from $66.00 to $60.00 and set an "outperform" rating for the company in a report on Thursday, May 2nd. JPMorgan Chase & Co. decreased their price objective on Zillow Group from $65.00 to $61.00 and set an "overweight" rating for the company in a report on Thursday, May 2nd. Citigroup reduced their price target on Zillow Group from $68.00 to $58.00 and set a "buy" rating for the company in a report on Thursday, May 2nd. Finally, Craig Hallum reduced their price target on Zillow Group from $65.00 to $51.00 and set a "buy" rating for the company in a report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, Zillow Group has a consensus rating of "Moderate Buy" and an average target price of $56.67.
View Our Latest Analysis on Zillow Group
Zillow Group Company Profile
(Free Report)
Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.
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