Public Employees Retirement System of Ohio Purchases 1,174 Shares of Zillow Group, Inc. $ZG

Public Employees Retirement System of Ohio raised its stake in shares of Zillow Group, Inc. (NASDAQ:ZG) by 8.0% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 15,775 shares of the technology company’s stock after purchasing an additional 1,174 shares during the period. Public Employees Retirement System of Ohio’s holdings in Zillow Group were worth $1,080,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Voya Investment Management LLC boosted its stake in Zillow Group by 2.8% during the 1st quarter. Voya Investment Management LLC now owns 5,778 shares of the technology company’s stock valued at $386,000 after purchasing an additional 156 shares during the last quarter. M&T Bank Corp boosted its stake in Zillow Group by 4.1% during the 1st quarter. M&T Bank Corp now owns 5,437 shares of the technology company’s stock valued at $363,000 after purchasing an additional 215 shares during the last quarter. National Bank of Canada FI boosted its stake in Zillow Group by 79.4% during the 1st quarter. National Bank of Canada FI now owns 488 shares of the technology company’s stock valued at $33,000 after purchasing an additional 216 shares during the last quarter. Unified Investment Management boosted its stake in Zillow Group by 1.7% during the 2nd quarter. Unified Investment Management now owns 14,144 shares of the technology company’s stock valued at $969,000 after purchasing an additional 235 shares during the last quarter. Finally, Baillie Gifford & Co. boosted its stake in Zillow Group by 0.3% during the 1st quarter. Baillie Gifford & Co. now owns 92,289 shares of the technology company’s stock valued at $6,170,000 after purchasing an additional 264 shares during the last quarter. Institutional investors and hedge funds own 20.32% of the company’s stock.

Zillow Group Trading Up 2.7%

NASDAQ:ZG opened at $74.39 on Friday. The stock has a market capitalization of $18.02 billion, a PE ratio of -286.12, a price-to-earnings-growth ratio of 20.72 and a beta of 2.11. The firm’s 50 day moving average is $80.11 and its 200 day moving average is $72.13. Zillow Group, Inc. has a 12 month low of $55.08 and a 12 month high of $90.22.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings results on Wednesday, August 6th. The technology company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.04). Zillow Group had a negative return on equity of 1.26% and a negative net margin of 2.60%.The company had revenue of $655.00 million during the quarter, compared to the consensus estimate of $647.06 million. During the same period last year, the firm posted $0.39 EPS. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. Research analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, CFO Jeremy Hofmann sold 25,000 shares of the business’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $89.99, for a total transaction of $2,249,750.00. Following the sale, the chief financial officer owned 84,146 shares of the company’s stock, valued at $7,572,298.54. The trade was a 22.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Erik C. Blachford sold 966 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $81.91, for a total transaction of $79,125.06. Following the sale, the director directly owned 34,508 shares in the company, valued at $2,826,550.28. The trade was a 2.72% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 657,087 shares of company stock worth $56,286,479. Company insiders own 17.14% of the company’s stock.

Analyst Ratings Changes

ZG has been the subject of a number of analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Zillow Group in a research note on Saturday, September 27th. Wells Fargo & Company cut their price target on Zillow Group from $75.00 to $73.00 and set an “equal weight” rating for the company in a research note on Thursday, September 11th. Zelman & Associates upgraded Zillow Group to a “hold” rating in a research note on Friday, August 8th. Mizuho started coverage on Zillow Group in a research note on Monday, September 29th. They issued an “outperform” rating and a $100.00 target price on the stock. Finally, DA Davidson restated a “buy” rating and issued a $95.00 target price on shares of Zillow Group in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $86.92.

Zillow Group Profile

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.