Dimensional Fund Advisors LP lessened its position in shares of Zillow Group, Inc. (NASDAQ:ZG) by 7.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 313,118 shares of the technology company’s stock after selling 25,996 shares during the quarter. Dimensional Fund Advisors LP owned 0.17% of Zillow Group worth $15,290,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. purchased a new stake in shares of Zillow Group in the second quarter worth about $161,000. Norris Perne & French LLP MI purchased a new stake in shares of Zillow Group in the second quarter worth about $232,000. Connable Office Inc. purchased a new stake in shares of Zillow Group in the second quarter worth about $245,000. Virtu KCG Holdings LLC purchased a new stake in shares of Zillow Group in the second quarter worth about $274,000. Finally, Public Employees Retirement Association of Colorado boosted its stake in shares of Zillow Group by 0.5% in the second quarter. Public Employees Retirement Association of Colorado now owns 6,054 shares of the technology company’s stock worth $296,000 after buying an additional 29 shares during the last quarter. Institutional investors and hedge funds own 26.09% of the company’s stock.
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A number of analysts have recently commented on the company. Needham & Company LLC upped their target price 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 upped their target price on Zillow Group from $50.00 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. KeyCorp assumed coverage on Zillow Group in a research note on Monday, July 17th. They issued an “equal weight” rating on the stock. Deutsche Bank AG restated a “hold” rating and issued a $50.00 target price (up previously from $44.00) on shares of Zillow Group in a research note on Monday, August 7th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $49.00 target price (up previously from $48.00) on shares of Zillow Group in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $47.21.
Zillow Group, Inc. (NASDAQ ZG) opened at $39.74 on Friday. Zillow Group, Inc. has a fifty-two week low of $32.63 and a fifty-two week high of $50.91. The company has a quick ratio of 6.70, a current ratio of 6.44 and a debt-to-equity ratio of 0.14.
Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Tuesday, November 7th. The technology company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The company had revenue of $282.00 million during the quarter, compared to analysts’ expectations of $276.57 million. Zillow Group had a negative return on equity of 0.25% and a negative net margin of 3.99%. Zillow Group’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.17 EPS. sell-side analysts predict that Zillow Group, Inc. will post -0.07 EPS for the current fiscal year.
Zillow Group Company 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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