A Positive Shift in Outlook
Fintel reported that on September 16, 2024, Wedbush made a significant move by upgrading their outlook for Zillow Group (BRSE:0ZG) from Neutral to Outperform. This upgrade reflects the growing confidence in the company’s future prospects and performance.
Changing Landscape of Ownership
With 454 funds or institutions holding positions in Zillow Group, there has been a slight decrease of 4.42% in the last quarter. However, the average portfolio weight of all funds invested in 0ZG has shown a notable increase of 12.53%, signaling a positive sentiment among investors. Institutions have collectively increased their total shares owned by 0.78% to 46,939K shares in the last three months.
Caledonia (Private) Investments Pty remains a significant player, holding 15,473K shares, representing 28.51% ownership of the company. Despite a slight decrease of 2.10% in their shares, the firm has shown confidence in Zillow Group. Other major shareholders, including Vanguard Real Estate Index Fund Investor Shares, Independent Franchise Partners LLP, and Vanguard Small-Cap Index Fund Investor Shares, have also made strategic adjustments to their portfolios related to 0ZG based on their recent filings.
Insights from Fintel
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For more detailed insights, individuals can explore the services offered by Fintel through its platform.
The opinions expressed herein are solely those of the author and do not necessarily reflect the views of Nasdaq, Inc.
