Zillow Group, Inc. (ZG) Stake Boosted by Aperio Group LLC
Aperio Group LLC boosted its stake in shares of Zillow Group, Inc. (NASDAQ:ZG) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,405 shares of the technology company’s stock after buying an additional 232 shares during the period. Aperio Group LLC’s holdings in Zillow Group were worth $801,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the company. Renaissance Technologies LLC bought a new position in shares of Zillow Group during the fourth quarter worth approximately $846,000. UBS Asset Management Americas Inc. acquired a new stake in Zillow Group during the fourth quarter valued at about $200,000. Teachers Advisors LLC boosted its stake in Zillow Group by 9.2% in the fourth quarter. Teachers Advisors LLC now owns 48,482 shares of the technology company’s stock valued at $1,767,000 after buying an additional 4,100 shares during the period. Fox Run Management L.L.C. acquired a new stake in Zillow Group during the first quarter valued at about $213,000. Finally, Palisade Capital Management LLC NJ acquired a new stake in Zillow Group during the first quarter valued at about $406,000. Hedge funds and other institutional investors own 26.92% of the company’s stock.
Shares of Zillow Group, Inc. (NASDAQ:ZG) traded down 0.87% during trading on Friday, reaching $38.88. The company had a trading volume of 221,966 shares. The stock’s market capitalization is $7.21 billion. The stock has a 50 day moving average of $44.91 and a 200 day moving average of $40.44. Zillow Group, Inc. has a 52-week low of $31.17 and a 52-week high of $50.91.
Zillow Group (NASDAQ:ZG) last announced its earnings results on Tuesday, August 8th. The technology company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.01) by $0.11. The firm had revenue of $266.85 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the business earned ($0.71) EPS. Equities research analysts forecast that Zillow Group, Inc. will post $0.49 EPS for the current year.
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ZG has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $48.00 price objective (up from $41.00) on shares of Zillow Group in a research note on Friday, May 5th. Benchmark Co. lifted their price objective on Zillow Group from $43.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, May 5th. Zacks Investment Research raised Zillow Group from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Wednesday, May 10th. Craig Hallum reaffirmed a “buy” rating on shares of Zillow Group in a research note on Thursday, June 22nd. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $53.00 price objective (up from $45.00) on shares of Zillow Group in a research note on Wednesday, June 21st. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Zillow Group currently has a consensus rating of “Buy” and an average price target of $45.07.
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