TD Asset Management Inc. Has $1.20 Million Stake in Zillow Group, Inc. (ZG)
TD Asset Management Inc. increased its stake in Zillow Group, Inc. (NASDAQ:ZG) by 8.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,369 shares of the technology company’s stock after buying an additional 2,669 shares during the period. TD Asset Management Inc.’s holdings in Zillow Group were worth $1,196,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. 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. UBS Oconnor LLC raised its stake in Zillow Group by 19.3% in the third quarter. UBS Oconnor LLC now owns 483,094 shares of the technology company’s stock valued at $16,643,000 after buying an additional 78,094 shares during the last quarter. Norges Bank bought a new stake in Zillow Group during the fourth quarter valued at about $15,520,000. OMERS ADMINISTRATION Corp raised its stake in Zillow Group by 127.0% in the third quarter. OMERS ADMINISTRATION Corp now owns 301,700 shares of the technology company’s stock valued at $10,394,000 after buying an additional 168,800 shares during the last quarter. Finally, CQS Cayman LP bought a new stake in Zillow Group during the third quarter valued at about $8,440,000. Institutional investors and hedge funds own 27.41% of the company’s stock.
Zillow Group, Inc. (NASDAQ:ZG) opened at 45.39 on Monday. The company’s market cap is $8.31 billion. The stock’s 50 day moving average price is $40.90 and its 200-day moving average price is $37.02. Zillow Group, Inc. has a 52 week low of $28.82 and a 52 week high of $45.61.
Zillow Group (NASDAQ:ZG) last posted its quarterly earnings results on Thursday, May 4th. The technology company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by $0.08. The company had revenue of $245.80 million during the quarter, compared to the consensus estimate of $236.04 million. Zillow Group had a negative return on equity of 7.24% and a negative net margin of 26.04%. The company’s revenue for the quarter was up 32.2% compared to the same quarter last year. During the same period last year, the firm posted ($0.13) EPS. On average, equities research analysts forecast that Zillow Group, Inc. will post $0.45 earnings per share for the current fiscal year.
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Several research firms have issued reports on ZG. Cowen and Company upped their price objective on Zillow Group from $37.00 to $40.00 and gave the company a “market perform” rating in a research note on Monday, May 15th. Royal Bank of Canada upped their price objective on Zillow Group from $40.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, May 5th. JMP Securities restated an “outperform” rating and issued a $43.00 price objective on shares of Zillow Group in a research note on Wednesday, February 8th. Susquehanna Bancshares Inc restated a “neutral” rating on shares of Zillow Group in a research note on Wednesday, May 17th. Finally, Zacks Investment Research lowered Zillow Group from a “hold” rating to a “sell” rating in a research note on Saturday, April 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. Zillow Group has a consensus rating of “Hold” and a consensus target price of $39.69.
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