Trexquant Investment LP Purchases New Position in Zillow Group, Inc. (ZG)
Trexquant Investment LP purchased a new stake in shares of Zillow Group, Inc. (NASDAQ:ZG) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 7,300 shares of the technology company’s stock, valued at approximately $357,000.
A number of other hedge funds also recently made changes to their positions in the stock. UBS Asset Management Americas Inc. bought a new stake in shares of Zillow Group during the fourth quarter valued at about $200,000. Fox Run Management L.L.C. bought a new stake in shares of Zillow Group during the first quarter valued at about $213,000. Norris Perne & French LLP MI bought a new stake in shares of Zillow Group during the second quarter valued at about $232,000. Oppenheimer & Co. Inc. increased its stake in shares of Zillow Group by 8.8% in the first quarter. Oppenheimer & Co. Inc. now owns 8,687 shares of the technology company’s stock valued at $294,000 after buying an additional 700 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado increased its stake in shares of Zillow Group by 0.5% in the second quarter. Public Employees Retirement Association of Colorado now owns 6,054 shares of the technology company’s stock valued at $296,000 after buying an additional 29 shares in the last quarter. Hedge funds and other institutional investors own 26.92% of the company’s stock.
Shares of Zillow Group, Inc. (NASDAQ ZG) opened at 40.62 on Thursday. The stock’s 50 day moving average price is $45.43 and its 200 day moving average price is $40.43. Zillow Group, Inc. has a 52 week low of $31.17 and a 52 week high of $50.91. The firm’s market capitalization is $7.53 billion.
Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Tuesday, August 8th. The technology company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.11. Zillow Group had a negative return on equity of 0.40% and a negative net margin of 4.47%. The company had revenue of $266.85 million for the quarter, compared to the consensus estimate of $262.21 million. During the same quarter in the previous year, the firm posted ($0.71) EPS. The business’s revenue for the quarter was up 28.0% compared to the same quarter last year. On average, analysts predict that Zillow Group, Inc. will post $0.49 EPS for the current fiscal year.
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Several analysts recently issued reports on the company. Zacks Investment Research upgraded Zillow Group from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a report on Wednesday. Cowen and Company increased their price target on Zillow Group from $37.00 to $40.00 and gave the company a “market perform” rating in a report on Monday, May 15th. Royal Bank Of Canada increased their price target on Zillow Group from $40.00 to $48.00 and gave the company an “outperform” rating in a report on Friday, May 5th. Susquehanna Bancshares Inc reiterated a “neutral” rating on shares of Zillow Group in a report on Wednesday, May 17th. Finally, Stephens reiterated an “overweight” rating and issued a $54.00 price target (up from $48.00) on shares of Zillow Group in a report on Monday, June 19th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $45.07.
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