Hartline Investment Corp Increases Stake in Zillow Group Inc (ZG)
Hartline Investment Corp boosted its position in shares of Zillow Group Inc (NASDAQ:ZG) by 10.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 190,033 shares of the technology company’s stock after acquiring an additional 17,900 shares during the period. Zillow Group accounts for 2.0% of Hartline Investment Corp’s holdings, making the stock its 13th biggest position. Hartline Investment Corp’s holdings in Zillow Group were worth $8,399,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Elmwood Wealth Management Inc. purchased a new stake in Zillow Group during the third quarter valued at approximately $150,000. Engineers Gate Manager LP purchased a new stake in Zillow Group during the third quarter valued at approximately $208,000. First Capital Advisors Group LLC. purchased a new stake in Zillow Group during the second quarter valued at approximately $223,000. Strs Ohio purchased a new stake in Zillow Group during the second quarter valued at approximately $248,000. Finally, Lourd Capital LLC purchased a new stake in Zillow Group during the third quarter valued at approximately $281,000. 25.65% of the stock is owned by institutional investors.
A number of research analysts have issued reports on the stock. Bank of America lowered shares of Zillow Group from a “buy” rating to a “neutral” rating and cut their price target for the company from $70.00 to $60.00 in a research note on Tuesday, August 7th. Royal Bank of Canada cut their price target on shares of Zillow Group to $46.00 and set an “in-line” rating on the stock in a research note on Tuesday, August 7th. DA Davidson set a $52.00 price target on shares of Zillow Group and gave the company a “hold” rating in a research note on Tuesday, August 7th. Jefferies Financial Group cut their price target on shares of Zillow Group from $60.00 to $52.00 and set a “hold” rating on the stock in a research note on Tuesday, August 7th. Finally, Zacks Investment Research upgraded shares of Zillow Group from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research note on Thursday, August 2nd. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $43.65.
Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Tuesday, November 6th. The technology company reported $0.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.04. The firm had revenue of $343.09 million for the quarter, compared to analyst estimates of $343.73 million. Zillow Group had a negative net margin of 7.94% and a positive return on equity of 0.06%. Research analysts predict that Zillow Group Inc will post -0.24 EPS for the current fiscal year.
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Zillow Group Company Profile
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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