Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Zillow Group, Inc. (NASDAQ:ZG) in the fourth quarter, HoldingsChannel.com reports. The firm bought 1,000 shares of the technology company’s stock, valued at approximately $136,000.
Other large investors also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC boosted its holdings in Zillow Group by 43.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 215 shares of the technology company’s stock valued at $29,000 after purchasing an additional 65 shares during the period. Exchange Traded Concepts LLC boosted its holdings in Zillow Group by 99.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 319 shares of the technology company’s stock valued at $43,000 after purchasing an additional 159 shares during the period. Pacer Advisors Inc. purchased a new position in Zillow Group in the fourth quarter valued at $52,000. Oxler Private Wealth LLC acquired a new stake in Zillow Group in the fourth quarter valued at $54,000. Finally, Bainco International Investors acquired a new stake in Zillow Group in the fourth quarter valued at $68,000. Hedge funds and other institutional investors own 25.98% of the company’s stock.
A number of research firms have weighed in on ZG. Citigroup upgraded Zillow Group from a “neutral” rating to a “buy” rating and raised their price target for the company from $130.00 to $250.00 in a research note on Thursday, February 11th. The Goldman Sachs Group upgraded Zillow Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 16th. Jefferies Financial Group upgraded Zillow Group from a “hold” rating to a “buy” rating and raised their price target for the company from $120.00 to $175.00 in a research note on Monday, January 11th. Susquehanna Bancshares raised their price target on Zillow Group from $130.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, February 11th. Finally, JMP Securities raised their price target on Zillow Group from $97.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, February 11th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $167.96.
Shares of ZG stock opened at $141.37 on Thursday. The stock has a market capitalization of $34.02 billion, a PE ratio of -72.13 and a beta of 1.31. Zillow Group, Inc. has a 52-week low of $32.77 and a 52-week high of $212.40. The stock’s 50-day moving average price is $152.49 and its 200 day moving average price is $132.04. The company has a quick ratio of 9.73, a current ratio of 10.08 and a debt-to-equity ratio of 0.45.
Zillow Group (NASDAQ:ZG) last issued its quarterly earnings results on Wednesday, February 10th. The technology company reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.13. The firm had revenue of $788.95 million for the quarter, compared to analysts’ expectations of $741.17 million. Zillow Group had a negative return on equity of 9.76% and a negative net margin of 11.54%. The firm’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.26) EPS. Analysts expect that Zillow Group, Inc. will post -1.06 earnings per share for the current fiscal year.
About Zillow Group
Zillow Group, Inc, a digital real estate company, operates real estate brands on mobile applications and websites in the United States. It operates through three segments: Homes; Internet, Media & Technology; and Mortgages. The company's mobile applications and websites offers various real estate transactions and related services, including buying, selling, renting, and financing services for residential real estate properties; purchase and sale of homes; title and escrow services; title insurance products and services; and mortgage loans.
Recommended Story: What are earnings reports?
Want to see what other hedge funds are holding ZG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zillow Group, Inc. (NASDAQ:ZG).
Receive News & Ratings for Zillow Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zillow Group and related companies with MarketBeat.com's FREE daily email newsletter.