Intellectus Partners LLC Has $155,000 Stake in Zillow Group, Inc. (ZG)
Intellectus Partners LLC maintained its stake in shares of Zillow Group, Inc. (NASDAQ:ZG) during the second quarter, according to its most recent filing with the SEC. The fund owned 3,177 shares of the technology company’s stock at the end of the second quarter. Intellectus Partners LLC’s holdings in Zillow Group were worth $155,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Advisors Asset Management Inc. purchased a new stake in shares of Zillow Group during the second quarter valued at $161,000. Stifel Financial Corp purchased a new position in Zillow Group in the second quarter worth about $209,000. Norris Perne & French LLP MI purchased a new position in Zillow Group in the second quarter worth about $232,000. Connable Office Inc. purchased a new position in Zillow Group in the second quarter worth about $245,000. Finally, Virtu KCG Holdings LLC purchased a new position in Zillow Group in the second quarter worth about $274,000. Hedge funds and other institutional investors own 26.13% of the company’s stock.
Zillow Group (NASDAQ:ZG) last issued its quarterly earnings results on Tuesday, August 8th. The technology company reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.11). The company had revenue of $266.85 million during the quarter, compared to analyst estimates 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 revenue was up 28.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.71) EPS.
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ZG has been the topic of several recent analyst reports. Bank of America Corporation reissued a “buy” rating and set a $53.00 target price (up previously from $45.00) on shares of Zillow Group in a research note on Wednesday, June 21st. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $49.00 price objective (up previously from $48.00) on shares of Zillow Group in a research note on Thursday, August 10th. Needham & Company LLC lifted their price objective on Zillow Group from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Canaccord Genuity lifted their price objective on Zillow Group from $50.00 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $50.00 price objective (up previously from $44.00) on shares of Zillow Group in a research note on Monday, August 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. Zillow Group currently has a consensus rating of “Hold” and a consensus price target of $45.07.
Zillow Group 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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