Zevenbergen Capital Investments LLC Sells 1,800 Shares of Zillow Group Inc Class A (ZG)

Zevenbergen Capital Investments LLC decreased its holdings in Zillow Group Inc Class A (NASDAQ:ZG) by 10.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,065 shares of the technology company’s stock after selling 1,800 shares during the period. Zevenbergen Capital Investments LLC’s holdings in Zillow Group Inc Class A were worth $814,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new stake in shares of Zillow Group Inc Class A during the 1st quarter worth approximately $183,000. Koch Industries Inc. acquired a new stake in shares of Zillow Group Inc Class A during the 4th quarter worth approximately $208,000. Paloma Partners Management Co acquired a new stake in shares of Zillow Group Inc Class A during the 4th quarter worth approximately $238,000. Sei Investments Co. increased its holdings in shares of Zillow Group Inc Class A by 204.0% during the 1st quarter. Sei Investments Co. now owns 5,177 shares of the technology company’s stock worth $280,000 after buying an additional 3,474 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of Zillow Group Inc Class A by 805.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,245 shares of the technology company’s stock worth $283,000 after buying an additional 4,666 shares during the last quarter. Institutional investors own 26.04% of the company’s stock.

Shares of Zillow Group Inc Class A opened at $63.92 on Thursday, MarketBeat reports. The company has a debt-to-equity ratio of 0.14, a current ratio of 7.64 and a quick ratio of 7.64. Zillow Group Inc Class A has a 52 week low of $37.96 and a 52 week high of $65.28. The company has a market capitalization of $12.06 billion, a price-to-earnings ratio of 426.13 and a beta of 1.01.

Zillow Group Inc Class A (NASDAQ:ZG) last issued its quarterly earnings results on Monday, May 7th. The technology company reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.01. Zillow Group Inc Class A had a negative net margin of 9.59% and a negative return on equity of 0.40%. The company had revenue of $299.90 million during the quarter, compared to analysts’ expectations of $298.72 million. During the same quarter last year, the company posted $0.11 EPS. The firm’s revenue was up 22.0% compared to the same quarter last year. equities analysts forecast that Zillow Group Inc Class A will post -0.12 EPS for the current fiscal year.

A number of brokerages have recently issued reports on ZG. Bank of America raised their price target on shares of Zillow Group Inc Class A from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Monday. Canaccord Genuity set a $65.00 price objective on shares of Zillow Group Inc Class A and gave the stock a “buy” rating in a research report on Thursday, May 31st. Needham & Company LLC increased their price objective on shares of Zillow Group Inc Class A to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, May 8th. Deutsche Bank lowered their price objective on shares of Zillow Group Inc Class A to $54.00 and set a “hold” rating for the company in a research report on Tuesday, May 8th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $40.00 price objective (up previously from $38.00) on shares of Zillow Group Inc Class A in a research report on Tuesday, May 8th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company’s stock. Zillow Group Inc Class A currently has a consensus rating of “Hold” and a consensus target price of $54.13.

Zillow Group Inc Class A 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 consumers 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.

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

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