Filament LLC maintained its position in Zillow Group Inc. (NASDAQ:ZG) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 204,962 shares of the company’s stock at the end of the second quarter. Zillow Group accounts for 3.6% of Filament LLC’s portfolio, making the stock its 7th largest position. Filament LLC’s holdings in Zillow Group were worth $7,512,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of ZG. Caledonia Private Investments Pty Ltd bought a new stake in shares of Zillow Group during the first quarter worth about $332,231,000. Wellington Management Group LLP bought a new stake in shares of Zillow Group during the first quarter worth about $135,750,000. First New York Securities LLC NY bought a new stake in shares of Zillow Group during the second quarter worth about $839,000. TIAA CREF Investment Management LLC bought a new stake in shares of Zillow Group during the first quarter worth about $3,268,000. Finally, Aperio Group LLC bought a new stake in shares of Zillow Group during the first quarter worth about $250,000. 29.86% of the stock is currently owned by institutional investors and hedge funds.
Zillow Group Inc. (NASDAQ:ZG) traded down 0.50% during mid-day trading on Wednesday, reaching $34.04. The company’s stock had a trading volume of 192,309 shares. Zillow Group Inc. has a 12 month low of $16.45 and a 12 month high of $39.99. The stock’s 50 day moving average is $34.32 and its 200 day moving average is $31.71. The company’s market cap is $6.11 billion.
Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Thursday, August 4th. The company reported ($0.71) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.68. Zillow Group had a negative return on equity of 9.25% and a negative net margin of 34.51%. The company had revenue of $208.40 million for the quarter, compared to analyst estimates of $205.90 million. The company’s quarterly revenue was up 31.3% compared to the same quarter last year. Equities research analysts predict that Zillow Group Inc. will post ($0.56) EPS for the current year.
ZG has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Zillow Group from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Wednesday, July 6th. Goldman Sachs Group Inc. reiterated a “buy” rating and set a $38.00 target price (up previously from $34.00) on shares of Zillow Group in a research note on Friday, June 17th. Vetr lowered shares of Zillow Group from a “sell” rating to a “strong sell” rating and set a $31.00 target price for the company. in a research note on Monday, June 20th. Barclays PLC raised shares of Zillow Group from an “underweight” rating to an “overweight” rating and boosted their price target for the company from $20.00 to $32.00 in a report on Tuesday, June 7th. Finally, Deutsche Bank AG boosted their price target on shares of Zillow Group from $20.00 to $30.00 and gave the company a “hold” rating in a report on Wednesday, August 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. Zillow Group has an average rating of “Hold” and an average price target of $36.27.
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