Means Investment CO. Inc. Purchases New Holdings in Zillow Group, Inc. (NASDAQ:ZG)


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Means Investment CO. Inc. bought a new position in Zillow Group, Inc. (NASDAQ:ZG) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,203 shares of the technology company’s stock, valued at approximately $421,000.

A number of other institutional investors have also recently modified their holdings of the business. Steward Partners Investment Advisory LLC grew its stake in shares of Zillow Group by 43.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 215 shares of the technology company’s stock worth $29,000 after acquiring an additional 65 shares during the period. Encompass Wealth Advisors LLC bought a new stake in Zillow Group during the fourth quarter valued at approximately $41,000. TRU Independence Asset Management 2 LLC bought a new stake in Zillow Group during the fourth quarter valued at approximately $41,000. Exchange Traded Concepts LLC grew its position in Zillow Group by 99.4% during the fourth quarter. Exchange Traded Concepts LLC now owns 319 shares of the technology company’s stock valued at $43,000 after buying an additional 159 shares during the period. Finally, Pacer Advisors Inc. bought a new stake in Zillow Group during the fourth quarter valued at approximately $52,000. 25.98% of the stock is owned by institutional investors and hedge funds.

Zillow Group stock traded up $5.00 during mid-day trading on Thursday, reaching $146.37. 4,227 shares of the company’s stock traded hands, compared to its average volume of 833,571. The company has a market cap of $35.23 billion, a price-to-earnings ratio of -72.13 and a beta of 1.31. The stock has a 50 day moving average of $152.49 and a two-hundred day moving average of $132.04. The company has a quick ratio of 9.73, a current ratio of 10.08 and a debt-to-equity ratio of 0.45. Zillow Group, Inc. has a 12-month low of $32.77 and a 12-month high of $212.40.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Wednesday, February 10th. The technology company reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.13. The company had revenue of $788.95 million for the quarter, compared to the consensus estimate of $741.17 million. Zillow Group had a negative net margin of 11.54% and a negative return on equity of 9.76%. Zillow Group’s revenue was down 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.26) earnings per share. As a group, sell-side analysts forecast that Zillow Group, Inc. will post -1.06 earnings per share for the current year.

ZG has been the subject of several recent research reports. Truist Financial boosted their target price on shares of Zillow Group from $158.00 to $210.00 in a research report on Thursday, February 11th. BTIG Research boosted their target price on shares of Zillow Group from $169.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, February 11th. Truist boosted their target price on shares of Zillow Group from $134.00 to $158.00 in a research report on Monday, December 21st. Piper Sandler lifted their price target on shares of Zillow Group from $159.00 to $209.00 and gave the company an “overweight” rating in a report on Thursday, February 11th. Finally, The Goldman Sachs Group raised shares of Zillow Group from a “neutral” rating to a “buy” rating in a report on Tuesday, February 16th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seventeen have issued a buy rating to the company. Zillow Group presently has an average rating of “Buy” and an average price target of $167.96.

Zillow Group Profile

Zillow Group, Inc, a digital real estate company, operates real estate brands on mobile applications and websites in the United States. It operates through three segments: Homes; Internet, Media & Technology; and Mortgages. The company's mobile applications and websites offers various real estate transactions and related services, including buying, selling, renting, and financing services for residential real estate properties; purchase and sale of homes; title and escrow services; title insurance products and services; and mortgage loans.

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

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