Zillow Group, Inc. (ZG) Stake Lifted by Osterweis Capital Management Inc.
Osterweis Capital Management Inc. lifted its holdings in Zillow Group, Inc. (NASDAQ:ZG) by 177.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,243 shares of the technology company’s stock after purchasing an additional 39,785 shares during the quarter. Osterweis Capital Management Inc.’s holdings in Zillow Group were worth $3,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of the company. State Street Corp raised its stake in shares of Zillow Group by 3.2% in the second quarter. State Street Corp now owns 581,369 shares of the technology company’s stock worth $28,393,000 after purchasing an additional 18,045 shares during the last quarter. Janus Henderson Group PLC purchased a new position in shares of Zillow Group in the second quarter worth $32,613,000. Royal Bank of Canada raised its stake in shares of Zillow Group by 1,267.9% in the second quarter. Royal Bank of Canada now owns 18,946 shares of the technology company’s stock worth $925,000 after purchasing an additional 17,561 shares during the last quarter. Garner Asset Management Corp purchased a new position in shares of Zillow Group in the second quarter worth $511,000. Finally, Tudor Investment Corp ET AL raised its stake in shares of Zillow Group by 0.8% in the second quarter. Tudor Investment Corp ET AL now owns 25,597 shares of the technology company’s stock worth $1,250,000 after purchasing an additional 211 shares during the last quarter. Hedge funds and other institutional investors own 26.13% of the company’s stock.
ZG has been the subject of several recent analyst reports. Zacks Investment Research cut Zillow Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Bank of America Corporation restated a “buy” rating and issued a $53.00 price target (up previously from $45.00) on shares of Zillow Group in a research note on Wednesday, June 21st. Craig Hallum reiterated a “buy” rating on shares of Zillow Group in a research report on Thursday, June 22nd. KeyCorp began coverage on Zillow Group in a research report on Monday, July 17th. They set an “equal weight” rating for the company. Finally, Stephens reiterated an “overweight” rating and set a $54.00 price objective (up previously from $48.00) on shares of Zillow Group in a research report on Monday, June 19th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $45.07.
Zillow Group, Inc. (NASDAQ ZG) traded up 1.01% during trading on Friday, hitting $41.89. The stock had a trading volume of 241,269 shares. Zillow Group, Inc. has a 52-week low of $31.17 and a 52-week high of $50.91. The company’s market cap is $7.77 billion. The firm’s 50-day moving average price is $41.90 and its 200-day moving average price is $40.80.
Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Tuesday, August 8th. The technology company reported ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.11). The company had revenue of $266.85 million for 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 business’s quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.71) EPS. Analysts predict that Zillow Group, Inc. will post $0.50 EPS for the current fiscal year.
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About Zillow Group
Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable people find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.
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