Raymond James & Associates boosted its stake in shares of Zillow Group Inc (NASDAQ:ZG) by 1.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 132,753 shares of the technology company’s stock after purchasing an additional 1,755 shares during the period. Raymond James & Associates owned approximately 0.06% of Zillow Group worth $4,540,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Oppenheimer & Co. Inc. lifted its position in Zillow Group by 5.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 9,760 shares of the technology company’s stock valued at $307,000 after acquiring an additional 475 shares during the last quarter. Resources Investment Advisors Inc. purchased a new stake in shares of Zillow Group in the fourth quarter valued at about $47,000. Public Employees Retirement System of Ohio raised its holdings in shares of Zillow Group by 16.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 16,245 shares of the technology company’s stock valued at $511,000 after buying an additional 2,335 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in Zillow Group by 3.4% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 72,160 shares of the technology company’s stock worth $2,268,000 after purchasing an additional 2,380 shares in the last quarter. Finally, Garner Asset Management Corp raised its holdings in Zillow Group by 13.4% during the first quarter. Garner Asset Management Corp now owns 24,220 shares of the technology company’s stock worth $828,000 after purchasing an additional 2,865 shares in the last quarter. 24.15% of the stock is currently owned by institutional investors.
Several research analysts have weighed in on the stock. Canaccord Genuity set a $52.00 target price on shares of Zillow Group and gave the stock a “hold” rating in a research report on Wednesday, June 19th. Piper Jaffray Companies assumed coverage on shares of Zillow Group in a research report on Thursday, June 13th. They set a “neutral” rating and a $48.00 target price on the stock. BidaskClub lowered shares of Zillow Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. ValuEngine upgraded shares of Zillow Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 18th. Finally, Jefferies Financial Group increased their price target on shares of Zillow Group from $36.00 to $40.00 and gave the company a “hold” rating in a research report on Friday, May 10th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company’s stock. Zillow Group has a consensus rating of “Hold” and an average price target of $45.20.
ZG traded up $0.99 during trading hours on Wednesday, reaching $43.18. 601,892 shares of the stock traded hands, compared to its average volume of 962,860. Zillow Group Inc has a fifty-two week low of $26.20 and a fifty-two week high of $64.66. The business’s fifty day moving average price is $41.82. The company has a current ratio of 4.73, a quick ratio of 3.98 and a debt-to-equity ratio of 0.25. The firm has a market cap of $8.75 billion, a P/E ratio of -166.08 and a beta of 0.83.
Zillow Group (NASDAQ:ZG) last posted its quarterly earnings results on Thursday, May 9th. The technology company reported ($0.33) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.41) by $0.08. The business had revenue of $454.10 million during the quarter, compared to analyst estimates of $432.09 million. Zillow Group had a negative net margin of 11.35% and a negative return on equity of 3.18%. The company’s quarterly revenue was up 51.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.07 EPS. Analysts predict that Zillow Group Inc will post -1.62 EPS for the current year.
About Zillow Group
Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.
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