First Washington CORP maintained its stake in shares of Zillow Group, Inc. (NASDAQ:ZG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,850 shares of the technology company’s stock at the close of the 2nd quarter. First Washington CORP’s holdings in Zillow Group were worth $139,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in ZG. Advisors Asset Management Inc. acquired a new stake in Zillow Group in the 2nd quarter valued at $161,000. UBS Asset Management Americas Inc. acquired a new stake in shares of Zillow Group during the fourth quarter valued at about $200,000. Norris Perne & French LLP MI acquired a new stake in shares of Zillow Group during the second quarter valued at about $232,000. Connable Office Inc. acquired a new stake in shares of Zillow Group during the second quarter valued at about $245,000. Finally, Oppenheimer & Co. Inc. grew its stake in shares of Zillow Group by 8.8% during the first quarter. Oppenheimer & Co. Inc. now owns 8,687 shares of the technology company’s stock valued at $294,000 after acquiring an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 26.13% of the company’s stock.
Shares of Zillow Group, Inc. (NASDAQ:ZG) traded down 3.23% during trading on Wednesday, hitting $39.31. 230,552 shares of the stock traded hands. Zillow Group, Inc. has a one year low of $31.17 and a one year high of $50.91. The company’s market cap is $7.29 billion. The firm has a 50 day moving average price of $41.82 and a 200-day moving average price of $40.88.
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Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Tuesday, August 8th. The technology company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.11). Zillow Group had a negative return on equity of 0.40% and a negative net margin of 4.47%. The company had revenue of $266.85 million for the quarter, compared to the consensus estimate of $262.21 million. During the same quarter in the previous year, the firm posted ($0.71) EPS. The business’s revenue for the quarter was up 28.0% compared to the same quarter last year. Analysts anticipate that Zillow Group, Inc. will post $0.49 earnings per share for the current fiscal year.
Several analysts have recently weighed in on ZG shares. Deutsche Bank AG restated a “hold” rating and set a $50.00 target price (up from $44.00) on shares of Zillow Group in a research note on Monday, August 7th. Craig Hallum restated a “buy” rating on shares of Zillow Group in a research note on Thursday, June 22nd. ValuEngine downgraded Zillow Group from a “hold” rating to a “sell” rating in a research note on Wednesday, September 6th. Zacks Investment Research downgraded Zillow Group from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, KeyCorp started coverage on Zillow Group in a research note on Monday, July 17th. They set an “equal weight” rating for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average 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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