Zillow Group (NASDAQ:ZG) Receives Media Impact Rating of 0.39

Paterniano Del Favero
Agosto 2, 2017

During the same period in the previous year, the firm earned ($0.13) earnings per share. The firm's quarterly revenue was up 32.2% compared to the same quarter a year ago.

Shares of Zillow Group, Inc. Thornburg Investment Management Inc. now owns 363,526 shares of the financial services provider's stock worth $12,240,000 after buying an additional 169,880 shares during the last quarter. Shell Asset Management Co. now owns 7,436 shares of the financial services provider's stock valued at $364,000 after buying an additional 1,847 shares during the last quarter. Lourd Capital LLC raised its position in shares of Zillow Group by 1.1% in the second quarter. Wellington Management Group LLP now owns 15,312,733 shares of the financial services provider's stock worth $515,579,000 after buying an additional 2,452,824 shares during the period. As of quarter end Aperio Group, LLC had acquired 232 shares growing its stake by 1.4%. BlackRock Inc. now owns 5,473,739 shares of the financial services provider's stock worth $184,301,000 after buying an additional 5,188,752 shares during the period.

Quite a few institutional investors have purchased and unloaded stocks of the shares.

Shares of Zillow Group, Inc. (NASDAQ:Z) opened at 45.22 on Monday. The firm's market capitalization is $5.59 billion. The stock has a 50 day moving average of $45.23 and a 200 day moving average of $38.56.

Shares of Zillow Group (NASDAQ:Z) traded up 0.69% on Tuesday, hitting $45.47.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Thursday, May 4th. The financial services provider reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by $0.10. The business had revenue of $245.80 million during the quarter, compared to analyst estimates of $236.04 million.

In the latest earnings report the EPS was $-0.98 and is expected to be $0.45 for the current year with 183,158,000 shares now outstanding.

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Headlines about Zillow Group (NASDAQ:ZG) have been trending positive recently, Accern reports. Zacks Investment Research upgraded Zillow Group from a "sell" rating to a "hold" rating in a research note on Wednesday, May 17th. Cowen and Company reiterated a "hold" rating on shares of Zillow Group in a research note on Friday, July 14th. Stephens reaffirmed an "overweight" recommendation and given a $54.00 target price (up prior from $48.00) on stocks of Zillow Group in a note on Mon, Jun 19th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company now has a consensus rating of "Buy" and a consensus price target of $45.50. Norges Bank acquired a new position in Zillow Group during the fourth quarter worth approximately $26,689,000. The shares were sold at an average price of $49.30, for a total transaction of $347,565.00. Following the completion of the transaction, the insider now owns 34,727 shares of the company's stock, valued at $1,712,041.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

In other news, insider Errol G. Samuelson sold 7,050 shares of the firm's stock in a transaction that occurred on Tuesday, June 27th. Russell Investments Group, Ltd. claims 127 shares with a value of $6,000. Also, CEO Spencer M. Rascoff sold 120,146 shares of the stock in a transaction that occurred on Monday, May 15th. The disclosure for this sale can be found here. Lourd Capital LLC now owns 8,128 shares of the financial services provider's stock valued at $398,000 after buying an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company's stock.

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