Fayez Sarofim & Co. Holds Stake in Zillow Group, Inc. (ZG)

Fayez Sarofim & Co. continued to hold its position in shares of Zillow Group, Inc. (NASDAQ:ZG) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 393,120 shares of the company’s stock at the end of the third quarter. Fayez Sarofim & Co. owned approximately 0.22% of Zillow Group worth $13,543,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Caledonia Private Investments Pty Ltd raised its position in Zillow Group by 5.1% in the second quarter. Caledonia Private Investments Pty Ltd now owns 13,671,379 shares of the company’s stock valued at $501,056,000 after buying an additional 668,220 shares during the last quarter. Vanguard Group Inc. raised 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 last quarter. QVT Financial LP raised its position in Zillow Group by 71.4% in the second quarter. QVT Financial LP now owns 600,000 shares of the company’s stock valued at $21,990,000 after buying an additional 250,000 shares during the last quarter. State of Wisconsin Investment Board raised its position in Zillow Group by 62.7% in the third quarter. State of Wisconsin Investment Board now owns 542,190 shares of the company’s stock valued at $18,678,000 after buying an additional 208,893 shares during the last quarter. Finally, UBS Oconnor LLC raised its position in Zillow Group by 19.3% in the third quarter. UBS Oconnor LLC now owns 483,094 shares of the company’s stock valued at $16,643,000 after buying an additional 78,094 shares during the last quarter. Institutional investors and hedge funds own 27.41% of the company’s stock.

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

Shares of Zillow Group, Inc. (NASDAQ:ZG) opened at 34.785 on Tuesday. Zillow Group, Inc. has a 1-year low of $17.30 and a 1-year high of $39.99. The stock’s 50 day moving average price is $36.70 and its 200-day moving average price is $35.38. The company’s market capitalization is $6.33 billion.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Tuesday, February 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.03. Zillow Group had a negative return on equity of 7.24% and a negative net margin of 26.04%. The business had revenue of $227.60 million for the quarter, compared to the consensus estimate of $222.30 million. During the same quarter in the previous year, the company posted ($0.01) EPS. The company’s revenue was up 34.4% compared to the same quarter last year. On average, equities analysts predict that Zillow Group, Inc. will post $0.45 EPS for the current year.

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Several research firms have recently weighed in on ZG. RBC Capital Markets set a $42.00 price objective on shares of Zillow Group and gave the company a “buy” rating in a research note on Sunday, October 30th. Mizuho lowered their price objective on shares of Zillow Group from $38.00 to $33.00 and set a “neutral” rating for the company in a research note on Wednesday, February 8th. Cowen and Company reiterated a “market perform” rating and issued a $37.00 price objective on shares of Zillow Group in a research note on Wednesday, February 8th. Needham & Company LLC lifted their price objective on shares of Zillow Group from $40.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday, February 8th. Finally, JMP Securities reiterated an “outperform” rating and issued a $43.00 price objective on shares of Zillow Group in a research note on Wednesday, February 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. Zillow Group presently has an average rating of “Buy” and an average price target of $37.35.

5 Day Chart for NASDAQ:ZG

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