Canada Pension Plan Investment Board bought a new stake in Zillow Group Inc (NASDAQ:ZG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 196,900 shares of the technology company’s stock, valued at approximately $8,703,000.

Several other hedge funds have also modified their holdings of the company. Bank of Montreal Can raised its stake in shares of Zillow Group by 2.9% in the 2nd quarter. Bank of Montreal Can now owns 33,865 shares of the technology company’s stock valued at $2,024,000 after acquiring an additional 970 shares during the period. TD Asset Management Inc. raised its stake in shares of Zillow Group by 4.3% in the 2nd quarter. TD Asset Management Inc. now owns 24,300 shares of the technology company’s stock valued at $1,452,000 after acquiring an additional 1,000 shares during the period. Strs Ohio raised its stake in shares of Zillow Group by 42.5% in the 3rd quarter. Strs Ohio now owns 5,928 shares of the technology company’s stock valued at $262,000 after acquiring an additional 1,767 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of Zillow Group by 10.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 18,491 shares of the technology company’s stock valued at $1,105,000 after acquiring an additional 1,780 shares during the period. Finally, First Capital Advisors Group LLC. raised its stake in shares of Zillow Group by 49.3% in the 3rd quarter. First Capital Advisors Group LLC. now owns 5,572 shares of the technology company’s stock valued at $246,000 after acquiring an additional 1,840 shares during the period. 28.81% of the stock is currently owned by institutional investors and hedge funds.

ZG has been the topic of a number of research reports. Wedbush reissued a “neutral” rating and issued a $45.00 target price on shares of Zillow Group in a research note on Thursday, September 13th. Deutsche Bank cut their target price on shares of Zillow Group from $45.00 to $39.00 and set a “hold” rating on the stock in a research note on Monday, November 5th. Benchmark cut their target price on shares of Zillow Group from $60.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, November 7th. ValuEngine raised shares of Zillow Group from a “sell” rating to a “hold” rating in a research note on Tuesday, October 23rd. Finally, Standpoint Research initiated coverage on shares of Zillow Group in a research note on Monday, November 26th. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $44.53.

ZG opened at $36.65 on Friday. The firm has a market cap of $7.21 billion, a P/E ratio of 244.33 and a beta of 1.11. Zillow Group Inc has a twelve month low of $26.20 and a twelve month high of $65.42. The company has a quick ratio of 11.43, a current ratio of 11.72 and a debt-to-equity ratio of 0.21.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Tuesday, November 6th. The technology company reported $0.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.04. The business had revenue of $343.09 million during 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%. Equities analysts forecast that Zillow Group Inc will post -0.27 earnings per share for the current year.

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

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