Gilder Gagnon Howe & Co. LLC lowered its holdings in Zillow Group, Inc. (NASDAQ:ZG) by 34.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 434,919 shares of the technology company’s stock after selling 232,509 shares during the period. Gilder Gagnon Howe & Co. LLC owned about 0.23% of Zillow Group worth $17,462,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Advisors Asset Management Inc. bought a new position in Zillow Group in the second quarter worth about $161,000. Stifel Financial Corp acquired a new stake in shares of Zillow Group in the second quarter valued at approximately $209,000. Norris Perne & French LLP MI acquired a new stake in shares of Zillow Group in the second quarter valued at approximately $232,000. Connable Office Inc. acquired a new stake in shares of Zillow Group in the second quarter valued at approximately $245,000. Finally, Virtu KCG Holdings LLC acquired a new stake in shares of Zillow Group in the second quarter valued at approximately $274,000. 25.94% of the stock is currently owned by hedge funds and other institutional investors.
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Several equities research analysts have commented on ZG shares. Royal Bank Of Canada raised their price target on shares of Zillow Group from $49.00 to $51.00 and gave the company an “outperform” rating in a research note on Wednesday, November 8th. Deutsche Bank AG restated a “hold” rating and issued a $50.00 price target (up previously from $44.00) on shares of Zillow Group in a research note on Monday, August 7th. ValuEngine lowered shares of Zillow Group from a “hold” rating to a “sell” rating in a research note on Wednesday, September 6th. Zacks Investment Research lowered shares of Zillow Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Finally, Barclays PLC raised their price target on shares of Zillow Group from $44.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $47.21.
Shares of Zillow Group, Inc. (NASDAQ ZG) traded down $0.54 during trading hours on Tuesday, reaching $39.20. 451,000 shares of the company were exchanged, compared to its average volume of 446,377. Zillow Group, Inc. has a 1 year low of $32.63 and a 1 year high of $50.91. The company has a quick ratio of 6.44, a current ratio of 6.44 and a debt-to-equity ratio of 0.14.
Zillow Group (NASDAQ:ZG) last issued its earnings results on Tuesday, November 7th. The technology company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.02. The firm had revenue of $282.00 million during the quarter, compared to analysts’ expectations of $276.57 million. Zillow Group had a negative net margin of 3.99% and a negative return on equity of 0.25%. The firm’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period last year, the firm posted $0.17 earnings per share. sell-side analysts anticipate that Zillow Group, Inc. will post -0.07 EPS for the current year.
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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