Needham Company Raises Zillow Group, (NASDAQ:ZG) PT to $52.00

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Vanguard Group Inc. now owns 4,192,272 shares of the technology company's stock valued at $141,741,000 after buying an additional 444,184 shares in the last quarter. The correct version of this news story can be read at https://theolympiareport.com/2017/08/11/positive-media-coverage-somewhat-unlikely-to-impact-zillow-group-nasdaqz-share-price.html. Sumitomo Mitsui Asset Management Company LTD raised its position in Zillow Group by 0.4% in the first quarter. JPMorgan Chase & Co. now owns 3,152 shares of the financial services provider's stock worth $154,000 after buying an additional 2,830 shares during the last quarter. SRS Investment Management LLC now owns 1,195,979 shares of the technology company's stock valued at $40,436,000 after buying an additional 207,803 shares in the last quarter.

Several hedge funds and other institutional investors have recently made changes to their positions in ZG. The NASDAQ listed company saw a recent bid of $40.81 and 381047 shares have traded hands in the session. 299,437 shares of the company were exchanged. Zillow Group has a one year low of $31.22 and a one year high of $51.23.

In terms of simple moving averages for Summit Bancshares Inc (SMAL), the 200-day is now at 21.66, the 50-day is 24.41, and the 7-day is resting at 25.70. Zillow Group, Inc. The company's market capitalization is $7.46 billion.

Comparatively, Zillow Group, Inc. posted earnings of $0.2 per share in the same quarter past year.

In the last earnings report the EPS was $-0.24 and is projected to be $0.48 for the current year with 185,438,000 shares now outstanding.

Zillow Group, Inc. (Z) stock exposed a turn of -4.11% in most recent week and accomplished -5.55% performance over the last one month. The firm had revenue of $266.85 million for the quarter, compared to analyst estimates of $262.21 million. On average, equities analysts forecast that Zillow Group will post $0.48 earnings per share for the current year.

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Teachers Advisors LLC boosted its stake in Zillow Group, Inc.

Many other research analysts lately weighed in on ZG.

Media stories about Zillow Group (NASDAQ:ZG) have been trending positive on Friday, Accern Sentiment Analysis reports. Finally, Stephens restated an "overweight" rating and set a $54.00 target price (up previously from $48.00) on shares of Zillow Group in a report on Monday, June 19th. Craig Hallum restated a "buy" rating on shares of Zillow Group in a research report on Thursday, June 22nd. Finally, Deutsche Bank AG lifted their price objective on Zillow Group to $50.00 and gave the stock a "neutral" rating in a report on Monday. Cowen and Company reaffirmed a "hold" rating on shares of Zillow Group in a report on Friday, July 14th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock.

The average 12 month target price among brokers that have covered the stock in the a year ago is $43.32.

In other news, CEO Spencer M. Rascoff sold 29,854 shares of the stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $45.56, for a total transaction of $170,850.00. Following the sale, the chief executive officer now owns 120,146 shares in the company, valued at approximately $5,207,127.64. The shares were sold at an average price of $43.94, for a total value of $1,311,784.76. Mitsubishi Ufj Trust & Banking Corp now owns 61,068 shares valued at $2,983,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 379,800 shares of company stock valued at $16,970,457.

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