California Public Employees Retirement System Has $3,814,000 Stake in Zillow Group Inc. (ZG)
California Public Employees Retirement System lowered its stake in Zillow Group Inc. (NASDAQ:ZG) by 6.5% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 110,700 shares of the company’s stock after selling 7,700 shares during the period. California Public Employees Retirement System owned about 0.06% of Zillow Group worth $3,814,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System raised its stake in shares of Zillow Group by 297.0% in the second quarter. State Board of Administration of Florida Retirement System now owns 219,933 shares of the company’s stock valued at $8,004,000 after buying an additional 164,541 shares in the last quarter. Utah Retirement Systems bought a new stake in shares of Zillow Group during the second quarter valued at approximately $341,000. SG Americas Securities LLC raised its stake in shares of Zillow Group by 13.7% in the second quarter. SG Americas Securities LLC now owns 23,998 shares of the company’s stock valued at $880,000 after buying an additional 2,883 shares in the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of Zillow Group during the second quarter valued at approximately $8,890,000. Finally, RMB Capital Management LLC bought a new stake in shares of Zillow Group during the second quarter valued at approximately $2,623,000. Institutional investors and hedge funds own 27.37% of the company’s stock.
Shares of Zillow Group Inc. (NASDAQ:ZG) traded down 0.48% during midday trading on Wednesday, reaching $35.15. 316,269 shares of the company’s stock traded hands. Zillow Group Inc. has a one year low of $16.45 and a one year high of $39.99. The company’s market capitalization is $6.35 billion. The company has a 50-day moving average of $33.93 and a 200-day moving average of $34.23.
Zillow Group (NASDAQ:ZG) last released its earnings results on Tuesday, November 1st. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. Zillow Group had a negative net margin of 28.25% and a negative return on equity of 8.48%. The company had revenue of $224.60 million for the quarter. During the same quarter in the previous year, the business posted $0.07 EPS. Zillow Group’s revenue was up 27.0% on a year-over-year basis. Equities research analysts anticipate that Zillow Group Inc. will post ($0.53) EPS for the current year.
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Several analysts have recently issued reports on ZG shares. RBC Capital Markets boosted their price target on shares of Zillow Group to $42.00 in a research report on Friday, August 5th. Zacks Investment Research raised shares of Zillow Group from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Thursday, October 6th. Benchmark Co. upped their target price on shares of Zillow Group from $34.00 to $43.00 and gave the stock a “buy” rating in a report on Friday, August 5th. Canaccord Genuity upped their target price on shares of Zillow Group from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, August 5th. Finally, Needham & Company LLC initiated coverage on shares of Zillow Group in a report on Friday, October 7th. They set a “buy” rating and a $40.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $37.13.
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