Vanguard Group Inc. Buys 444,184 Shares of Zillow Group, Inc. (ZG)

Vanguard Group Inc. increased its stake in Zillow Group, Inc. (NASDAQ:ZG) by 11.9% during the first quarter, Holdings Channel reports. The institutional investor owned 4,192,272 shares of the technology company’s stock after buying an additional 444,184 shares during the period. Vanguard Group Inc.’s holdings in Zillow Group were worth $141,741,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of ZG. Wellington Management Group LLP raised its stake in Zillow Group by 3.0% in the first quarter. Wellington Management Group LLP now owns 3,232,234 shares of the technology company’s stock valued at $109,282,000 after buying an additional 93,166 shares during the last quarter. Gilder Gagnon Howe & Co. LLC raised its stake in Zillow Group by 21.1% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 665,409 shares of the technology company’s stock valued at $22,497,000 after buying an additional 115,746 shares during the last quarter. State Street Corp raised its stake in Zillow Group by 4.5% in the fourth quarter. State Street Corp now owns 550,414 shares of the technology company’s stock valued at $20,063,000 after buying an additional 23,512 shares during the last quarter. Norges Bank purchased a new stake in Zillow Group during the fourth quarter valued at approximately $15,520,000. Finally, California Public Employees Retirement System raised its stake in Zillow Group by 187.2% in the first quarter. California Public Employees Retirement System now owns 317,400 shares of the technology company’s stock valued at $11,023,000 after buying an additional 206,900 shares during the last quarter. Institutional investors and hedge funds own 26.78% of the company’s stock.

Zillow Group, Inc. (ZG) opened at 44.63 on Monday. The firm’s market cap is $8.17 billion. The firm has a 50 day moving average of $46.64 and a 200 day moving average of $39.48. Zillow Group, Inc. has a 1-year low of $31.17 and a 1-year high of $50.91.

Zillow Group (NASDAQ:ZG) last issued its earnings results on Thursday, May 4th. The technology company reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.08. Zillow Group had a negative net margin of 19.58% and a negative return on equity of 5.65%. The business had revenue of $245.80 million during the quarter, compared to analysts’ expectations of $236.04 million. During the same period in the prior year, the business posted ($0.13) EPS. The business’s revenue was up 32.2% on a year-over-year basis. On average, equities research analysts expect that Zillow Group, Inc. will post $0.45 EPS for the current year.

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Several analysts have recently commented on the stock. Bank of America Corporation reaffirmed a “buy” rating and set a $53.00 price target (up previously from $45.00) on shares of Zillow Group in a research report on Wednesday, June 21st. Zacks Investment Research lowered Zillow Group from a “buy” rating to a “hold” rating in a research report on Thursday, May 11th. Susquehanna Bancshares Inc reissued a “neutral” rating on shares of Zillow Group in a research report on Wednesday, May 17th. Cowen and Company boosted their target price on Zillow Group from $37.00 to $40.00 and gave the company a “market perform” rating in a research report on Friday, May 5th. Finally, KeyCorp initiated coverage on Zillow Group in a research report on Monday, July 17th. They issued an “equal weight” rating on the stock. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Zillow Group currently has an average rating of “Buy” and an average price target of $42.20.

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).

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

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