Public Employees Retirement System of Ohio Trims Stake in Zillow Group Inc (NASDAQ:ZG)

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Public Employees Retirement System of Ohio trimmed its holdings in shares of Zillow Group Inc (NASDAQ:ZG) by 3.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,938 shares of the technology company’s stock after selling 515 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Zillow Group were worth $729,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of the stock. Advisor Group Inc. grew its position in Zillow Group by 35.0% during the second quarter. Advisor Group Inc. now owns 864 shares of the technology company’s stock worth $39,000 after buying an additional 224 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Zillow Group by 7.8% during the second quarter. JPMorgan Chase & Co. now owns 6,119 shares of the technology company’s stock worth $271,000 after purchasing an additional 441 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Zillow Group by 5.8% during the second quarter. Nisa Investment Advisors LLC now owns 8,150 shares of the technology company’s stock worth $373,000 after purchasing an additional 450 shares during the last quarter. Westpac Banking Corp lifted its stake in Zillow Group by 2.2% during the second quarter. Westpac Banking Corp now owns 32,270 shares of the technology company’s stock worth $1,477,000 after purchasing an additional 700 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in Zillow Group by 8.2% during the second quarter. Oppenheimer & Co. Inc. now owns 9,818 shares of the technology company’s stock worth $449,000 after purchasing an additional 740 shares during the last quarter. Institutional investors and hedge funds own 24.22% of the company’s stock.

Shares of NASDAQ ZG traded down $0.12 during midday trading on Friday, reaching $30.46. The company had a trading volume of 797,602 shares, compared to its average volume of 636,378. Zillow Group Inc has a one year low of $26.20 and a one year high of $50.99. The company has a quick ratio of 2.76, a current ratio of 3.67 and a debt-to-equity ratio of 0.28. The firm’s fifty day moving average price is $36.05 and its 200-day moving average price is $39.58. The stock has a market cap of $6.40 billion, a PE ratio of -117.15 and a beta of 0.95.

Zillow Group (NASDAQ:ZG) last released its earnings results on Wednesday, August 7th. The technology company reported ($0.35) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.07. Zillow Group had a negative return on equity of 5.12% and a negative net margin of 13.49%. The company had revenue of $599.58 million during the quarter, compared to analyst estimates of $585.11 million. During the same quarter in the previous year, the company posted ($0.02) EPS. Zillow Group’s revenue for the quarter was up 84.3% on a year-over-year basis. As a group, equities research analysts expect that Zillow Group Inc will post -1.64 EPS for the current year.

Several brokerages have issued reports on ZG. Stephens set a $57.00 price target on Zillow Group and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Guggenheim set a $54.00 price target on Zillow Group and gave the stock a “buy” rating in a research note on Thursday, September 5th. Craig Hallum lifted their price target on Zillow Group from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, June 7th. Canaccord Genuity dropped their price target on Zillow Group from $52.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Piper Jaffray Companies began coverage on Zillow Group in a research note on Thursday, June 13th. They set a “neutral” rating and a $48.00 price target for the company. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $47.27.

About Zillow Group

Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

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Institutional Ownership by Quarter for Zillow Group (NASDAQ:ZG)

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