Zillow Group Inc (NASDAQ:ZG) Shares Bought by Highbridge Capital Management LLC

Highbridge Capital Management LLC grew its position in shares of Zillow Group Inc (NASDAQ:ZG) by 63.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,969 shares of the technology company’s stock after purchasing an additional 44,900 shares during the period. Highbridge Capital Management LLC owned approximately 0.06% of Zillow Group worth $5,307,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Twin Tree Management LP acquired a new stake in shares of Zillow Group in the first quarter valued at $29,000. Advisor Group Inc. increased its holdings in Zillow Group by 35.0% in the second quarter. Advisor Group Inc. now owns 864 shares of the technology company’s stock valued at $39,000 after buying an additional 224 shares during the last quarter. Advisory Services Network LLC increased its holdings in Zillow Group by 1,914.5% in the second quarter. Advisory Services Network LLC now owns 1,531 shares of the technology company’s stock valued at $70,000 after buying an additional 1,455 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in Zillow Group by 123.3% in the first quarter. BNP Paribas Arbitrage SA now owns 5,742 shares of the technology company’s stock valued at $196,000 after buying an additional 3,170 shares during the last quarter. Finally, Shakespeare Wealth Management Inc. purchased a new position in Zillow Group in the second quarter valued at $205,000. Institutional investors own 24.22% of the company’s stock.

ZG stock traded down $0.25 during midday trading on Friday, hitting $30.33. The stock had a trading volume of 5,583 shares, compared to its average volume of 626,688. The firm has a market cap of $6.34 billion, a PE ratio of -116.77 and a beta of 0.95. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.67 and a quick ratio of 2.76. Zillow Group Inc has a 12-month low of $26.20 and a 12-month high of $50.99. The company’s 50-day moving average price is $36.44 and its 200 day moving average price is $39.63.

Zillow Group (NASDAQ:ZG) last released its earnings results on Wednesday, August 7th. The technology company reported ($0.35) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.42) by $0.07. The firm had revenue of $599.58 million during the quarter, compared to analysts’ expectations of $585.11 million. Zillow Group had a negative net margin of 13.49% and a negative return on equity of 5.12%. Zillow Group’s revenue for the quarter was up 84.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.02) EPS. As a group, sell-side analysts anticipate that Zillow Group Inc will post -1.62 EPS for the current year.

Several equities analysts recently commented on ZG shares. SunTrust Banks reissued a “buy” rating and issued a $56.00 target price on shares of Zillow Group in a report on Friday, September 6th. Stephens set a $57.00 price objective on Zillow Group and gave the stock a “buy” rating in a report on Wednesday, September 4th. Raymond James reaffirmed a “hold” rating on shares of Zillow Group in a report on Wednesday, September 4th. KeyCorp reaffirmed an “overweight” rating and set a $66.00 price objective on shares of Zillow Group in a report on Friday, July 19th. Finally, Deutsche Bank raised their price objective on Zillow Group from $33.00 to $43.00 and gave the stock a “hold” rating in a report on Thursday, August 8th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. Zillow Group presently has an average rating of “Hold” and an average target price of $47.27.

Zillow Group Profile

Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

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

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