Lincoln Capital Corp Buys New Shares in Zillow Group, Inc. (NASDAQ:ZG)

Lincoln Capital Corp bought a new stake in Zillow Group, Inc. (NASDAQ:ZG) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,737 shares of the technology company’s stock, valued at approximately $360,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund increased its stake in Zillow Group by 14.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 11,568 shares of the technology company’s stock worth $1,520,000 after acquiring an additional 1,468 shares during the last quarter. Optas LLC increased its stake in Zillow Group by 4.5% during the first quarter. Optas LLC now owns 2,040 shares of the technology company’s stock worth $268,000 after acquiring an additional 88 shares during the last quarter. Verde Capital Management increased its stake in Zillow Group by 4.1% during the first quarter. Verde Capital Management now owns 16,651 shares of the technology company’s stock worth $2,187,000 after acquiring an additional 661 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in Zillow Group during the first quarter worth about $79,000. Finally, Carnegie Capital Asset Management LLC acquired a new stake in Zillow Group during the first quarter worth about $232,000. Hedge funds and other institutional investors own 25.98% of the company’s stock.

ZG traded up $0.32 on Thursday, reaching $137.36. The company’s stock had a trading volume of 7,757 shares, compared to its average volume of 781,818. The stock has a market cap of $33.06 billion, a price-to-earnings ratio of -69.92 and a beta of 1.31. Zillow Group, Inc. has a 1 year low of $36.45 and a 1 year high of $212.40. The company has a debt-to-equity ratio of 0.45, a current ratio of 10.08 and a quick ratio of 9.73. The business’s 50 day moving average is $141.63 and its 200 day moving average is $134.88.

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

Several brokerages have commented on ZG. Needham & Company LLC restated a “buy” rating on shares of Zillow Group in a research note on Tuesday, February 16th. BTIG Research dropped their price target on Zillow Group from $215.00 to $202.00 and set a “buy” rating for the company in a research note on Wednesday. DA Davidson upped their price target on Zillow Group from $150.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, February 11th. Evercore ISI began coverage on Zillow Group in a research note on Tuesday, April 13th. They issued an “outperform” rating and a $179.00 target price for the company. Finally, JMP Securities increased their target price on Zillow Group from $97.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, February 11th. Two 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 target price of $167.44.

About Zillow Group

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.

See Also: What is the formula for the cash asset ratio?

Want to see what other hedge funds are holding ZG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zillow Group, Inc. (NASDAQ:ZG).

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

Receive News & Ratings for Zillow Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zillow Group and related companies with MarketBeat.com's FREE daily email newsletter.