5,016 Shares in Zillow Group, Inc. (NASDAQ:ZG) Acquired by Connable Office Inc.
Connable Office Inc. acquired a new position in shares of Zillow Group, Inc. (NASDAQ:ZG) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,016 shares of the technology company’s stock, valued at approximately $245,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. UBS Group AG boosted its stake in shares of Zillow Group by 1,595.6% in the first quarter. UBS Group AG now owns 741,317 shares of the technology company’s stock worth $25,064,000 after buying an additional 697,598 shares during the period. Vanguard Group Inc. boosted its stake in Zillow Group by 11.9% in the first quarter. Vanguard Group Inc. now owns 4,192,272 shares of the technology company’s stock valued at $141,741,000 after buying an additional 444,184 shares during the last quarter. Norges Bank acquired a new stake in Zillow Group during the fourth quarter valued at $15,520,000. Caledonia Private Investments Pty Ltd boosted its stake in Zillow Group by 1.7% in the first quarter. Caledonia Private Investments Pty Ltd now owns 13,360,188 shares of the technology company’s stock valued at $451,708,000 after buying an additional 225,096 shares during the last quarter. Finally, SRS Investment Management LLC boosted its stake in Zillow Group by 21.0% in the first quarter. SRS Investment Management LLC now owns 1,195,979 shares of the technology company’s stock valued at $40,436,000 after buying an additional 207,803 shares during the last quarter. Hedge funds and other institutional investors own 26.82% of the company’s stock.
Zillow Group, Inc. (NASDAQ:ZG) opened at 40.71 on Friday. The company has a 50-day moving average price of $46.17 and a 200 day moving average price of $40.33. The company’s market cap is $7.55 billion. Zillow Group, Inc. has a 52 week low of $31.17 and a 52 week high of $50.91.
Zillow Group (NASDAQ:ZG) last posted its quarterly 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 during 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 business’s revenue was up 28.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.71) EPS. On average, equities research analysts forecast that Zillow Group, Inc. will post $0.48 EPS for the current fiscal year.
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A number of equities analysts recently weighed in on the company. Royal Bank Of Canada reissued an “outperform” rating and set a $49.00 price objective (up from $48.00) on shares of Zillow Group in a report on Thursday. Needham & Company LLC raised their price target on Zillow Group from $48.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday. Zacks Investment Research lowered Zillow Group from a “buy” rating to a “hold” rating in a research report on Thursday, May 11th. Bank of America Corporation reiterated a “buy” rating and issued a $53.00 price objective (up from $45.00) on shares of Zillow Group in a research report on Wednesday, June 21st. Finally, Canaccord Genuity lifted their price objective on Zillow Group from $50.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $45.29.
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