Zillow Group Inc. (ZG) Position Decreased by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA decreased its position in shares of Zillow Group Inc. (NASDAQ:ZG) by 50.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,049 shares of the company’s stock after selling 10,197 shares during the period. BNP Paribas Arbitrage SA’s holdings in Zillow Group were worth $368,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the stock. Caledonia Private Investments Pty Ltd purchased a new position in shares of Zillow Group during the first quarter valued at $332,231,000. Wellington Management Group LLP purchased a new position in shares of Zillow Group during the first quarter valued at $135,750,000. Geode Capital Management LLC purchased a new position in shares of Zillow Group during the first quarter valued at $8,248,000. State Street Corp increased its position in shares of Zillow Group by 1.2% in the first quarter. State Street Corp now owns 496,258 shares of the company’s stock valued at $12,680,000 after buying an additional 5,881 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of Zillow Group during the first quarter valued at $432,000. 29.86% of the stock is owned by hedge funds and other institutional investors.
Zillow Group Inc. (NASDAQ:ZG) traded up 1.36% during mid-day trading on Friday, reaching $33.53. 526,102 shares of the company were exchanged. The company has a 50 day moving average of $35.67 and a 200-day moving average of $30.56. The company’s market capitalization is $6.02 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 released its quarterly earnings data on Thursday, August 4th. The company reported ($0.71) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.68. Zillow Group had a negative net margin of 34.51% and a negative return on equity of 9.25%. The firm earned $208.40 million during the quarter, compared to analysts’ expectations of $205.90 million. The firm’s revenue for the quarter was up 31.3% compared to the same quarter last year. On average, equities research analysts forecast that Zillow Group Inc. will post ($0.56) EPS for the current year.
Several research analysts recently weighed in on the stock. Cowen and Company reaffirmed a “market perform” rating and issued a $29.00 target price (up previously from $23.00) on shares of Zillow Group in a report on Wednesday, June 8th. Susquehanna reaffirmed a “neutral” rating and issued a $35.00 target price (up previously from $30.00) on shares of Zillow Group in a report on Monday, August 8th. Mizuho reaffirmed a “neutral” rating and issued a $32.00 target price (up previously from $30.00) on shares of Zillow Group in a report on Tuesday, June 7th. Deutsche Bank AG upped their target price on shares of Zillow Group from $20.00 to $30.00 and gave the stock a “hold” rating in a report on Wednesday, August 10th. Finally, RBC Capital Markets upped their target price on shares of Zillow Group to $42.00 in a report on Friday, August 5th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $36.27.
Zillow Group Company Profile
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