Zillow Group, Inc. (ZG) Stake Raised by Tudor Investment Corp ET AL
Tudor Investment Corp ET AL grew its position in shares of Zillow Group, Inc. (NASDAQ:ZG) by 0.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,597 shares of the technology company’s stock after buying an additional 211 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Zillow Group were worth $1,250,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently bought and sold shares of the company. Brighton Jones LLC purchased a new stake in shares of Zillow Group during the second quarter valued at $473,000. Teachers Advisors LLC increased its holdings in Zillow Group by 4.9% in the 1st quarter. Teachers Advisors LLC now owns 50,852 shares of the technology company’s stock worth $1,719,000 after buying an additional 2,370 shares in the last quarter. Spark Investment Management LLC purchased a new position in Zillow Group in the 2nd quarter worth about $5,089,000. Tocqueville Asset Management L.P. purchased a new position in Zillow Group in the 2nd quarter worth about $409,000. Finally, Geode Capital Management LLC raised its position in Zillow Group by 14.9% in the 1st quarter. Geode Capital Management LLC now owns 416,848 shares of the technology company’s stock worth $14,093,000 after buying an additional 54,099 shares during the last quarter. Hedge funds and other institutional investors own 26.13% of the company’s stock.
Zillow Group, Inc. (NASDAQ:ZG) opened at 41.06 on Wednesday. Zillow Group, Inc. has a 52 week low of $31.17 and a 52 week high of $50.91. The company’s market capitalization is $7.61 billion. The company’s 50 day moving average price is $41.82 and its 200-day moving average price is $40.88.
Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Tuesday, August 8th. The technology company reported ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.11). The company had revenue of $266.85 million for the quarter, compared to analysts’ expectations of $262.21 million. Zillow Group had a negative net margin of 4.47% and a negative return on equity of 0.40%. The business’s quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.71) EPS. Equities research analysts expect that Zillow Group, Inc. will post $0.50 earnings per share for the current year.
ZG has been the topic of several research analyst reports. Deutsche Bank AG reissued a “hold” rating and set a $50.00 price target (up from $44.00) on shares of Zillow Group in a report on Monday, August 7th. ValuEngine lowered Zillow Group from a “hold” rating to a “sell” rating in a report on Wednesday, September 6th. Craig Hallum reaffirmed a “buy” rating on shares of Zillow Group in a report on Thursday, June 22nd. Zacks Investment Research cut Zillow Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Finally, KeyCorp started coverage on Zillow Group in a research report on Monday, July 17th. They set an “equal weight” rating for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. Zillow Group currently has a consensus rating of “Hold” and a consensus price target of $45.07.
About Zillow Group
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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