BlackRock Institutional Trust Company N.A. Acquires 1,359 Shares of Zillow Group, Inc. (ZG)

BlackRock Institutional Trust Company N.A. Acquires 1,359 Shares of Zillow Group, Inc. (ZG)

BlackRock Institutional Trust Company N.A. raised its position in shares of Zillow Group, Inc. (NASDAQ:ZG) by 0.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,102,589 shares of the company’s stock after buying an additional 1,359 shares during the period. BlackRock Institutional Trust Company N.A. owned approximately 0.61% of Zillow Group worth $37,984,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. OTA Financial Group L.P. acquired a new stake in shares of Zillow Group during the second quarter worth $1,939,000. UBS Asset Management Americas Inc. purchased a new position in Zillow Group during the second quarter valued at approximately $202,000. Dimensional Fund Advisors LP boosted its position in Zillow Group by 21.9% in the second quarter. Dimensional Fund Advisors LP now owns 380,898 shares of the company’s stock valued at $13,957,000 after buying an additional 68,338 shares during the period. Vanguard Group Inc. boosted its position in Zillow Group by 2.2% in the second quarter. Vanguard Group Inc. now owns 3,621,628 shares of the company’s stock valued at $132,733,000 after buying an additional 76,699 shares during the period. Finally, BlackRock Advisors LLC boosted its position in Zillow Group by 28.1% in the second quarter. BlackRock Advisors LLC now owns 27,851 shares of the company’s stock valued at $1,021,000 after buying an additional 6,107 shares during the period. 27.29% of the stock is owned by institutional investors and hedge funds.

Shares of Zillow Group, Inc. (NASDAQ:ZG) traded down 0.70% during midday trading on Friday, hitting $37.10. 184,909 shares of the company traded hands. The stock’s 50-day moving average is $37.36 and its 200 day moving average is $35.62. Zillow Group, Inc. has a 12-month low of $16.45 and a 12-month high of $39.99. The stock’s market capitalization is $6.70 billion.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.04. The firm earned $224.60 million during the quarter. Zillow Group had a negative net margin of 28.25% and a negative return on equity of 8.48%. The company’s revenue was up 27.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.07 EPS. On average, analysts expect that Zillow Group, Inc. will post ($0.53) earnings per share for the current year.

ZG has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Zillow Group from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research report on Thursday, October 6th. Needham & Company LLC initiated coverage on shares of Zillow Group in a research report on Friday, October 7th. They issued a “buy” rating and a $40.00 target price for the company. RBC Capital Markets set a $42.00 target price on shares of Zillow Group and gave the stock a “buy” rating in a research report on Sunday, October 30th. Bank of America Corporation initiated coverage on shares of Zillow Group in a research report on Monday, October 31st. They issued a “buy” rating and a $40.00 target price for the company. Finally, Susquehanna restated a “neutral” rating and issued a $31.00 target price (down previously from $35.00) on shares of Zillow Group in a research report on Wednesday, November 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company’s stock. Zillow Group has a consensus rating of “Buy” and a consensus price target of $37.24.

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).

Related posts

Leave a Comment