Connable Office Inc. purchased a new stake in shares of Zillow Group, Inc. (NASDAQ:ZG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,016 shares of the technology company’s stock, valued at approximately $245,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Caledonia Private Investments Pty Ltd increased its stake in Zillow Group by 1.7% in the first quarter. Caledonia Private Investments Pty Ltd now owns 13,360,188 shares of the technology company’s stock worth $451,708,000 after buying an additional 225,096 shares during the period. Vanguard Group Inc. increased its stake in Zillow Group by 11.9% in the first quarter. Vanguard Group Inc. now owns 4,192,272 shares of the technology company’s stock worth $141,741,000 after buying an additional 444,184 shares during the last quarter. Wellington Management Group LLP increased 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 worth $109,282,000 after buying an additional 93,166 shares during the last quarter. SRS Investment Management LLC increased its stake in Zillow Group by 21.0% in the first quarter. SRS Investment Management LLC now owns 1,195,979 shares of the technology company’s stock worth $40,436,000 after buying an additional 207,803 shares during the last quarter. Finally, UBS Group AG increased its stake in Zillow Group by 1,595.6% in the first quarter. UBS Group AG now owns 741,317 shares of the technology company’s stock worth $25,064,000 after buying an additional 697,598 shares during the last quarter. 26.82% of the stock is owned by institutional investors and hedge funds.

Zillow Group, Inc. (NASDAQ ZG) opened at 40.71 on Friday. The company’s market capitalization is $7.55 billion. Zillow Group, Inc. has a 1-year low of $31.17 and a 1-year high of $50.91. The company has a 50 day moving average of $46.17 and a 200 day moving average of $40.33.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Tuesday, August 8th. The technology company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.11. The company had revenue of $266.85 million during the quarter, compared to analysts’ expectations of $262.21 million. Zillow Group had a negative net margin of 4.47% and a negative return on equity of 0.40%. The company’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.71) earnings per share. On average, analysts predict that Zillow Group, Inc. will post $0.48 earnings per share for the current fiscal year.

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ZG has been the topic of several analyst reports. Craig Hallum reissued a “buy” rating on shares of Zillow Group in a research report on Thursday, June 22nd. Canaccord Genuity boosted their price objective on shares of Zillow Group from $50.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday. Needham & Company LLC boosted their price objective on shares of Zillow Group from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday. Bank of America Corporation reissued a “buy” rating and issued a $53.00 target price (up from $45.00) on shares of Zillow Group in a research report on Wednesday, June 21st. Finally, KeyCorp initiated coverage on shares of Zillow Group in a research report on Monday, July 17th. They issued an “equal weight” rating for the company. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $45.29.

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

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