Zillow Group, Inc. (ZG) Shares Bought by KBC Group NV
KBC Group NV boosted its position in Zillow Group, Inc. (NASDAQ:ZG) by 155.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 124,192 shares of the technology company’s stock after buying an additional 75,505 shares during the quarter. KBC Group NV owned approximately 0.07% of Zillow Group worth $4,986,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Janus Henderson Group PLC acquired a new position in shares of Zillow Group during the second quarter worth approximately $32,613,000. State of Wisconsin Investment Board boosted its position in shares of Zillow Group by 88.1% during the second quarter. State of Wisconsin Investment Board now owns 605,427 shares of the technology company’s stock worth $29,569,000 after buying an additional 283,536 shares during the period. Caledonia Private Investments Pty Ltd boosted its position in shares of Zillow Group by 2.0% during the second quarter. Caledonia Private Investments Pty Ltd now owns 13,628,910 shares of the technology company’s stock worth $667,953,000 after buying an additional 268,722 shares during the period. Quantitative Investment Management LLC acquired a new stake in Zillow Group in the second quarter worth approximately $12,532,000. Finally, Balyasny Asset Management LLC acquired a new stake in Zillow Group in the second quarter worth approximately $5,101,000. 25.40% of the stock is owned by hedge funds and other institutional investors.
Shares of Zillow Group, Inc. (NASDAQ ZG) opened at $40.65 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 6.44 and a quick ratio of 6.44. Zillow Group, Inc. has a one year low of $32.63 and a one year high of $50.91.
Zillow Group (NASDAQ:ZG) last posted its quarterly earnings results on Tuesday, November 7th. The technology company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. Zillow Group had a negative net margin of 3.99% and a negative return on equity of 0.25%. The business had revenue of $282.00 million for the quarter, compared to analysts’ expectations of $276.57 million. During the same period in the previous year, the company posted $0.17 EPS. Zillow Group’s revenue was up 25.6% on a year-over-year basis. analysts expect that Zillow Group, Inc. will post -0.06 earnings per share for the current year.
A number of equities research analysts have weighed in on ZG shares. Royal Bank Of Canada upped their target price on Zillow Group from $49.00 to $51.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 8th. ValuEngine downgraded Zillow Group from a “hold” rating to a “sell” rating in a research report on Wednesday, September 6th. Zacks Investment Research cut Zillow Group from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Barclays upped their price target on Zillow Group from $44.00 to $46.00 and gave the company an “equal weight” rating in a report on Wednesday, November 8th. Finally, Needham & Company LLC upped their price target on Zillow Group from $48.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $47.21.
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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 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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