Oppenheimer & Co. Inc. Has $316,000 Stake in Zillow Group Inc. (ZG)
Oppenheimer & Co. Inc. boosted its stake in Zillow Group Inc. (NASDAQ:ZG) by 0.4% during the second quarter, Holdings Channel reports. The firm owned 8,634 shares of the company’s stock after buying an additional 37 shares during the period. Oppenheimer & Co. Inc.’s holdings in Zillow Group were worth $316,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Zillow Group during the first quarter worth approximately $166,000. Public Employees Retirement Association of Colorado increased its position in Zillow Group by 4.0% in the second quarter. Public Employees Retirement Association of Colorado now owns 6,045 shares of the company’s stock worth $222,000 after buying an additional 231 shares during the period. Aperio Group LLC acquired a new position in Zillow Group during the first quarter worth approximately $250,000. Parametrica Management Ltd acquired a new position in Zillow Group during the second quarter worth approximately $284,000. Finally, Utah Retirement Systems acquired a new position in Zillow Group during the second quarter worth approximately $341,000. Hedge funds and other institutional investors own 29.86% of the company’s stock.
Shares of Zillow Group Inc. (NASDAQ:ZG) traded up 3.12% during midday trading on Wednesday, reaching $34.75. 290,790 shares of the company traded hands. The stock’s 50-day moving average is $34.84 and its 200-day moving average is $30.90. The stock’s market capitalization is $6.24 billion. Zillow Group Inc. has a 1-year low of $16.45 and a 1-year high of $39.99.
Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.71) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $0.68. The firm earned $208.40 million during the quarter, compared to analyst estimates of $205.90 million. Zillow Group had a negative net margin of 34.51% and a negative return on equity of 9.25%. Zillow Group’s quarterly revenue was up 31.3% compared to the same quarter last year. Equities analysts predict that Zillow Group Inc. will post ($0.56) EPS for the current fiscal year.
ZG has been the topic of a number of analyst reports. RBC Capital Markets lifted their price objective on shares of Zillow Group to $42.00 in a research report on Friday, August 5th. Canaccord Genuity reaffirmed a “buy” rating and issued a $40.00 price objective (up previously from $34.00) on shares of Zillow Group in a research report on Thursday, July 14th. Zacks Investment Research raised shares of Zillow Group from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Wednesday, July 6th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Zillow Group in a research report on Monday, June 6th. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $38.00 price objective (up previously from $34.00) on shares of Zillow Group in a research report on Friday, June 17th. One equities research analyst has rated the stock with a sell rating, nine 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 target price of $36.27.
Zillow Group Company Profile
Want to see what other hedge funds are holding ZG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zillow Group Inc. (NASDAQ:ZG).
Receive News & Ratings for Zillow Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zillow Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.