Lourd Capital LLC purchased a new position in Zillow Group Inc (NASDAQ:ZG) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,359 shares of the technology company’s stock, valued at approximately $281,000.

Several other large investors have also bought and sold shares of ZG. Schwab Charles Investment Management Inc. grew its stake in shares of Zillow Group by 7.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 153,945 shares of the technology company’s stock worth $8,314,000 after acquiring an additional 10,528 shares in the last quarter. Northern Trust Corp lifted its position in shares of Zillow Group by 4.1% during the 1st quarter. Northern Trust Corp now owns 254,004 shares of the technology company’s stock worth $13,716,000 after purchasing an additional 10,094 shares during the last quarter. BlackRock Inc. lifted its position in shares of Zillow Group by 0.6% during the 1st quarter. BlackRock Inc. now owns 1,891,666 shares of the technology company’s stock worth $102,149,000 after purchasing an additional 11,348 shares during the last quarter. New York State Common Retirement Fund lifted its position in shares of Zillow Group by 1.2% during the 1st quarter. New York State Common Retirement Fund now owns 118,640 shares of the technology company’s stock worth $6,407,000 after purchasing an additional 1,400 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in shares of Zillow Group by 14.7% during the 1st quarter. California Public Employees Retirement System now owns 149,371 shares of the technology company’s stock worth $8,066,000 after purchasing an additional 19,135 shares during the last quarter. Institutional investors and hedge funds own 25.64% of the company’s stock.

Several equities research analysts have recently issued reports on ZG shares. Canaccord Genuity decreased their price objective on shares of Zillow Group from $65.00 to $62.00 and set a “buy” rating for the company in a research report on Tuesday, August 7th. KeyCorp set a $56.00 price objective on shares of Zillow Group and gave the stock a “buy” rating in a research report on Tuesday, August 7th. Zacks Investment Research raised shares of Zillow Group from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research report on Thursday, August 2nd. Cowen reaffirmed a “hold” rating and set a $50.00 price objective on shares of Zillow Group in a research report on Tuesday, August 7th. Finally, Craig Hallum reaffirmed a “hold” rating and set a $45.00 price objective on shares of Zillow Group in a research report on Tuesday, August 7th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the stock. Zillow Group presently has a consensus rating of “Hold” and an average price target of $50.44.

Shares of ZG opened at $38.46 on Friday. Zillow Group Inc has a 1-year low of $37.29 and a 1-year high of $65.42. The firm has a market capitalization of $8.94 billion, a P/E ratio of 253.07 and a beta of 1.01. The company has a debt-to-equity ratio of 0.14, a current ratio of 8.18 and a quick ratio of 8.13.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Monday, August 6th. The technology company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.19. Zillow Group had a negative net margin of 7.54% and a positive return on equity of 0.23%. The firm had revenue of $325.25 million during the quarter, compared to analysts’ expectations of $325.52 million. During the same period in the previous year, the company earned $0.04 earnings per share. Zillow Group’s quarterly revenue was up 21.9% compared to the same quarter last year. As a group, sell-side analysts predict that Zillow Group Inc will post -0.14 earnings per share for the current fiscal year.

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

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