Zillow Group, Inc. (ZG) Shares Sold by Palisade Capital Management LLC NJ
Palisade Capital Management LLC NJ cut its position in shares of Zillow Group, Inc. (NASDAQ:ZG) by 50.0% during the second quarter, Holdings Channel reports. The fund owned 6,000 shares of the technology company’s stock after selling 6,000 shares during the period. Palisade Capital Management LLC NJ’s holdings in Zillow Group were worth $293,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of ZG. Norris Perne & French LLP MI purchased a new position in Zillow Group during the second quarter worth about $232,000. UBS Asset Management Americas Inc. purchased a new position in Zillow Group during the fourth quarter worth about $200,000. Public Employees Retirement Association of Colorado raised its position in Zillow Group by 0.5% in the second quarter. Public Employees Retirement Association of Colorado now owns 6,054 shares of the technology company’s stock worth $296,000 after buying an additional 29 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in Zillow Group during the first quarter worth about $213,000. Finally, Oppenheimer & Co. Inc. raised its position in Zillow Group by 8.8% in the first quarter. Oppenheimer & Co. Inc. now owns 8,687 shares of the technology company’s stock worth $294,000 after buying an additional 700 shares during the last quarter. Institutional investors and hedge funds own 26.82% of the company’s stock.
Shares of Zillow Group, Inc. (NASDAQ:ZG) opened at 43.39 on Thursday. The firm has a 50-day moving average of $46.64 and a 200 day moving average of $40.31. The firm’s market capitalization is $7.95 billion. Zillow Group, Inc. has a 52-week low of $31.17 and a 52-week high of $50.91.
Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Tuesday, August 8th. The technology company reported ($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.11. Zillow Group had a negative net margin of 4.47% and a negative return on equity of 0.40%. The company had revenue of $266.85 million during the quarter, compared to analyst estimates of $262.21 million. During the same quarter in the prior year, the firm earned ($0.71) earnings per share. Zillow Group’s revenue for the quarter was up 28.0% on a year-over-year basis. Analysts predict that Zillow Group, Inc. will post $0.45 EPS for the current year.
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A number of research analysts recently issued reports on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $49.00 target price (up from $48.00) on shares of Zillow Group in a research note on Thursday. Canaccord Genuity raised their target price on shares of Zillow Group from $50.00 to $52.00 and gave the company a “buy” rating in a research note on Wednesday. Needham & Company LLC raised their target price on shares of Zillow Group from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Wednesday. Susquehanna Bancshares Inc reiterated a “neutral” rating on shares of Zillow Group in a research note on Wednesday, May 17th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $50.00 target price (up from $44.00) on shares of Zillow Group in a research note on Monday. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $45.29.
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