Dynamic Technology Lab Private Ltd Purchases Shares of 16,782 Zillow Group, Inc. (ZG)

Dynamic Technology Lab Private Ltd purchased a new position in shares of Zillow Group, Inc. (NASDAQ:ZG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,782 shares of the technology company’s stock, valued at approximately $819,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Caledonia Private Investments Pty Ltd increased its holdings in shares of Zillow Group by 2.0% in the 2nd quarter. Caledonia Private Investments Pty Ltd now owns 13,628,910 shares of the technology company’s stock valued at $667,953,000 after acquiring an additional 268,722 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Zillow Group by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 4,218,727 shares of the technology company’s stock valued at $206,043,000 after acquiring an additional 26,455 shares during the last quarter. Janus Henderson Group PLC purchased a new position in shares of Zillow Group in the 2nd quarter valued at about $32,613,000. Gilder Gagnon Howe & Co. LLC increased its holdings in shares of Zillow Group by 0.3% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 667,428 shares of the technology company’s stock valued at $32,597,000 after acquiring an additional 2,019 shares during the last quarter. Finally, State of Wisconsin Investment Board increased its holdings in shares of Zillow Group by 88.1% in the 2nd quarter. State of Wisconsin Investment Board now owns 605,427 shares of the technology company’s stock valued at $29,569,000 after acquiring an additional 283,536 shares during the last quarter. Institutional investors own 26.13% of the company’s stock.

A number of research analysts have recently commented on the company. Zacks Investment Research upgraded Zillow Group from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a report on Wednesday, August 16th. Macquarie assumed coverage on Zillow Group in a report on Monday, September 25th. They issued a “neutral” rating on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $49.00 price objective (up previously from $48.00) on shares of Zillow Group in a report on Thursday, August 10th. Stephens reiterated an “overweight” rating and issued a $54.00 price objective (up previously from $48.00) on shares of Zillow Group in a report on Monday, June 19th. Finally, Canaccord Genuity increased their price objective on Zillow Group from $50.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $45.07.

Zillow Group, Inc. (NASDAQ:ZG) traded up 0.63% during mid-day trading on Tuesday, reaching $41.36. The company’s stock had a trading volume of 106,246 shares. Zillow Group, Inc. has a 52 week low of $31.24 and a 52 week high of $50.91. The stock’s market capitalization is $7.67 billion. The firm has a 50-day moving average of $40.06 and a 200-day moving average of $41.90.

Zillow Group (NASDAQ:ZG) last released its earnings results on Tuesday, August 8th. The technology company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11). The firm had revenue of $266.85 million during the quarter, compared to analyst estimates of $262.21 million. Zillow Group had a negative return on equity of 0.40% and a negative net margin of 4.47%. The business’s revenue for the quarter was up 28.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.71) earnings per share. On average, equities research analysts expect that Zillow Group, Inc. will post $0.49 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Dynamic Technology Lab Private Ltd Purchases Shares of 16,782 Zillow Group, Inc. (ZG)” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece o

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Caledonia Private Investments Pty Ltd increased its holdings in shares of Zillow Group by 2.0% in the 2nd quarter. Caledonia Private Investments Pty Ltd now owns 13,628,910 shares of the technology company’s stock valued at $667,953,000 after acquiring an additional 268,722 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Zillow Group by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 4,218,727 shares of the technology company’s stock valued at $206,043,000 after acquiring an additional 26,455 shares during the last quarter. Janus Henderson Group PLC purchased a new position in shares of Zillow Group in the 2nd quarter valued at about $32,613,000. Gilder Gagnon Howe & Co. LLC increased its holdings in shares of Zillow Group by 0.3% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 667,428 shares of the technology company’s stock valued at $32,597,000 after acquiring an additional 2,019 shares during the last quarter. Finally, State of Wisconsin Investment Board increased its holdings in shares of Zillow Group by 88.1% in the 2nd quarter. State of Wisconsin Investment Board now owns 605,427 shares of the technology company’s stock valued at $29,569,000 after acquiring an additional 283,536 shares during the last quarter. Institutional investors own 26.13% of the company’s stock.

A number of research analysts have recently commented on the company. Zacks Investment Research upgraded Zillow Group from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a report on Wednesday, August 16th. Macquarie assumed coverage on Zillow Group in a report on Monday, September 25th. They issued a “neutral” rating on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $49.00 price objective (up previously from $48.00) on shares of Zillow Group in a report on Thursday, August 10th. Stephens reiterated an “overweight” rating and issued a $54.00 price objective (up previously from $48.00) on shares of Zillow Group in a report on Monday, June 19th. Finally, Canaccord Genuity increased their price objective on Zillow Group from $50.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $45.07.

Zillow Group, Inc. (NASDAQ:ZG) traded up 0.63% during mid-day trading on Tuesday, reaching $41.36. The company’s stock had a trading volume of 106,246 shares. Zillow Group, Inc. has a 52 week low of $31.24 and a 52 week high of $50.91. The stock’s market capitalization is $7.67 billion. The firm has a 50-day moving average of $40.06 and a 200-day moving average of $41.90.

Zillow Group (NASDAQ:ZG) last released its earnings results on Tuesday, August 8th. The technology company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11). The firm had revenue of $266.85 million during the quarter, compared to analyst estimates of $262.21 million. Zillow Group had a negative return on equity of 0.40% and a negative net margin of 4.47%. The business’s revenue for the quarter was up 28.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.71) earnings per share. On average, equities research analysts expect that Zillow Group, Inc. will post $0.49 earnings per share for the current 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 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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Institutional Ownership by Quarter for Zillow Group (NASDAQ:ZG)

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