River & Mercantile Asset Management LLP raised its holdings in shares of Zillow Group, Inc. (NASDAQ:ZG) by 110.8% in the 4th quarter, Holdings Channel reports. The firm owned 47,860 shares of the technology company’s stock after purchasing an additional 25,160 shares during the quarter. River & Mercantile Asset Management LLP’s holdings in Zillow Group were worth $1,949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the business. Wells Fargo & Company MN grew its position in shares of Zillow Group by 11.3% during the second quarter. Wells Fargo & Company MN now owns 19,616 shares of the technology company’s stock worth $957,000 after acquiring an additional 1,984 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Zillow Group by 28.9% during the second quarter. Alliancebernstein L.P. now owns 25,841 shares of the technology company’s stock worth $1,262,000 after acquiring an additional 5,800 shares during the last quarter. Teachers Advisors LLC grew its position in shares of Zillow Group by 13.1% during the second quarter. Teachers Advisors LLC now owns 57,520 shares of the technology company’s stock worth $2,809,000 after acquiring an additional 6,668 shares during the last quarter. UBS Asset Management Americas Inc. bought a new position in shares of Zillow Group during the second quarter worth about $558,000. Finally, Vanguard Group Inc. grew its position in shares of Zillow Group by 0.6% during the second quarter. Vanguard Group Inc. now owns 4,218,727 shares of the technology company’s stock worth $206,043,000 after acquiring an additional 26,455 shares during the last quarter. Hedge funds and other institutional investors own 25.44% of the company’s stock.

Shares of Zillow Group, Inc. (NASDAQ ZG) opened at $44.22 on Tuesday. Zillow Group, Inc. has a 1-year low of $32.63 and a 1-year high of $50.91. The company has a quick ratio of 6.44, a current ratio of 6.44 and a debt-to-equity ratio of 0.14.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Thursday, February 8th. The technology company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. The business had revenue of $282.30 million during the quarter, compared to the consensus estimate of $277.60 million. Zillow Group had a negative net margin of 8.77% and a positive return on equity of 0.03%. The company’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.14 earnings per share. analysts expect that Zillow Group, Inc. will post 0.24 EPS for the current fiscal year.

Several equities analysts have recently commented on ZG shares. Bank of America upped their price target on shares of Zillow Group from $53.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday. Canaccord Genuity upped their price target on shares of Zillow Group from $53.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday. Barclays upped their price objective on shares of Zillow Group from $44.00 to $46.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 8th. Stifel Nicolaus started coverage on shares of Zillow Group in a report on Thursday, January 18th. They issued a “hold” rating and a $38.00 price objective for the company. Finally, Jefferies Group started coverage on shares of Zillow Group in a report on Tuesday, February 6th. They issued a “hold” rating and a $50.00 price objective for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $48.43.

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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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Institutional Ownership by Quarter for Zillow Group (NASDAQ:ZG)

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