Nisa Investment Advisors LLC Has $4.81 Million Position in Zillow Group, Inc. (NASDAQ:ZG)

Nisa Investment Advisors LLC boosted its position in Zillow Group, Inc. (NASDAQ:ZG) by 74.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,617 shares of the technology company’s stock after purchasing an additional 15,574 shares during the period. Nisa Investment Advisors LLC’s holdings in Zillow Group were worth $4,811,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC increased its stake in shares of 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 buying an additional 65 shares during the period. Optas LLC increased its stake in shares of Zillow Group by 4.5% in the first quarter. Optas LLC now owns 2,040 shares of the technology company’s stock valued at $268,000 after buying an additional 88 shares during the period. GWM Advisors LLC increased its stake in shares of Zillow Group by 4.6% in the fourth quarter. GWM Advisors LLC now owns 2,528 shares of the technology company’s stock valued at $344,000 after buying an additional 112 shares during the period. Amalgamated Bank increased its stake in shares of Zillow Group by 1.6% in the fourth quarter. Amalgamated Bank now owns 7,791 shares of the technology company’s stock valued at $1,059,000 after buying an additional 119 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Zillow Group by 5.5% in the first quarter. Robeco Institutional Asset Management B.V. now owns 2,905 shares of the technology company’s stock valued at $382,000 after buying an additional 152 shares during the period. 25.98% of the stock is owned by institutional investors and hedge funds.

ZG stock opened at $129.08 on Tuesday. Zillow Group, Inc. has a twelve month low of $40.23 and a twelve month high of $212.40. The company has a quick ratio of 9.73, a current ratio of 10.08 and a debt-to-equity ratio of 0.45. The stock’s 50 day moving average is $139.06 and its 200-day moving average is $136.84. The firm has a market capitalization of $31.06 billion, a PE ratio of -65.86 and a beta of 1.31.

Zillow Group (NASDAQ:ZG) last posted its earnings results on Wednesday, February 10th. The technology company reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.13. The company had revenue of $788.95 million for the quarter, compared to analyst estimates of $741.17 million. Zillow Group had a negative return on equity of 9.76% and a negative net margin of 11.54%. The company’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.26) earnings per share. On average, equities research analysts anticipate that Zillow Group, Inc. will post -1.06 earnings per share for the current fiscal year.

ZG has been the topic of several research analyst reports. BTIG Research cut their target price on Zillow Group from $215.00 to $202.00 and set a “buy” rating on the stock in a research report on Tuesday, April 27th. Citigroup upgraded Zillow Group from a “neutral” rating to a “buy” rating and upped their target price for the company from $130.00 to $250.00 in a research report on Thursday, February 11th. Deutsche Bank Aktiengesellschaft upped their target price on Zillow Group from $160.00 to $202.00 and gave the company a “buy” rating in a research report on Monday, February 8th. Piper Sandler upped their target price on Zillow Group from $159.00 to $209.00 and gave the company an “overweight” rating in a research report on Thursday, February 11th. Finally, Evercore ISI initiated coverage on Zillow Group in a research report on Tuesday, April 13th. They set an “outperform” rating and a $179.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $167.44.

Zillow Group Profile

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.

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

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