Wellington Management Group LLP raised its stake in shares of Zillow Group by 3.0% in the first quarter. (NASDAQ:Z) by 29.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 692,958 shares of the financial services provider's stock after selling 282,681 shares during the period.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ZG. Palisade Capital Management LLC NJ acquired a new position in Zillow Group during the first quarter worth about $406,000. The firm now has a buy rating on the technology company's stock. The Zillow Group portfolio of consumer brands includes real estate and rental marketplaces Zillow, Trulia, StreetEasy, HotPads and Naked Apartments. Hanseatic Management Services Inc. now owns 36,708 shares of the financial services provider's stock valued at $1,236,000 after buying an additional 115 shares during the last quarter. Aperio Group LLC bought a new stake in shares of Zillow Group during the second quarter valued at $218,000. The value in dollars went from $41,030,000 to $59,412,000 increasing 44.8% since the last quarter. Mitsubishi Ufj Trust & Banking Corp downsized its holdings by shedding 2,010 shares a decrease of 3.2% from 03/31/2017 to 06/30/2017. Vanguard Group Inc. now owns 8,449,585 shares of the financial services provider's stock valued at $414,114,000 after buying an additional 179,802 shares during the period. Ltd. now owns 17,087 shares of the financial services provider's stock valued at $575,000 after buying an additional 290 shares during the last quarter. Investors measure stock performance on the basis of a company's earnings power. Zillow Group, Inc. has a 52-week low of $31.22 and a 52-week high of $51.23.
Shares of Zillow Group (NASDAQ ZG) opened at 40.71 on Monday. The company had a trading volume of 1,688,789 shares. The firm has a 50-day moving average of $46.17 and a 200 day moving average of $40.38. Zillow Group, Inc. The stock's market capitalization is $7.60 billion.
Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Tuesday, August 8th.
In the last earnings report the EPS was $-0.24 and is projected to be $0.48 for the current year with 185,438,000 shares now outstanding. The business had revenue of $266.85 million for the quarter. Analysts expect next quarter's EPS will be $0.18 with next year's EPS anticipated to be $0.91. If you are reading this news story on another website, it was illegally stolen and republished in violation of USA and worldwide copyright and trademark legislation. The correct version of this story can be viewed at https://theolympiareport.com/2017/08/12/5016-shares-in-zillow-group-inc-nasdaqzg-acquired-by-connable-office-inc.html.
Z has been the topic of many other reports. Finally, Canaccord Genuity lifted their price objective on Zillow Group from $50.00 to $52.00 and gave the stock a "buy" rating in a research report on Wednesday. BidaskClub cut shares of Zillow Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 8th. Craig Hallum restated a "buy" rating on shares of Zillow Group in a research report on Thursday, June 22nd. Royal Bank Of Canada upped their target price on shares of Zillow Group from $40.00 to $48.00 and gave the stock an "outperform" rating in a research note on Friday, May 5th. (NASDAQ:Z) from a buy rating to a hold rating in a research report report published on Monday, July 24th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock now has an average rating of "Buy" and an average price target of $45.21.
In other news, insider Errol G. Samuelson sold 7,050 shares of the company's stock in a transaction on Tuesday, June 27th. As of the end of the quarter Baillie Gifford & Co had sold 6,360 shares trimming its holdings by 0.5%. Following the completion of the sale, the chief operating officer now owns 43,000 shares in the company, valued at approximately $1,944,890. The transaction related to this sale was declared in a document with the SEC which can be accessed through the Security and Exchange Commission website. The stock was unloaded at a price range of of $43.34, amounting $5,207,127.64. after the closing of the transaction the CEO has an ownership of 120,146 stocks in the company, assessed at roughly $5,207,127.64.