Koshinski Asset Management Inc. bought a new stake in Zillow Group, Inc. (NASDAQ:Z – Get Rating) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,500 shares of the financial services provider’s stock, valued at approximately $74,000.
Several other hedge funds have also bought and sold shares of Z. Southpoint Capital Advisors LP lifted its position in Zillow Group by 150.0% in the fourth quarter. Southpoint Capital Advisors LP now owns 3,000,000 shares of the financial services provider’s stock worth $191,550,000 after buying an additional 1,800,000 shares during the last quarter. Contour Asset Management LLC lifted its position in Zillow Group by 107.8% in the fourth quarter. Contour Asset Management LLC now owns 3,381,904 shares of the financial services provider’s stock worth $215,935,000 after buying an additional 1,754,048 shares during the last quarter. Baillie Gifford & Co. lifted its position in Zillow Group by 19.8% in the fourth quarter. Baillie Gifford & Co. now owns 10,303,636 shares of the financial services provider’s stock worth $657,887,000 after buying an additional 1,706,141 shares during the last quarter. Ashe Capital Management LP bought a new stake in Zillow Group in the fourth quarter worth $80,742,000. Finally, Greencape Capital Pty Ltd bought a new stake in Zillow Group in the fourth quarter worth $60,472,000. 74.81% of the stock is owned by hedge funds and other institutional investors.
In other Zillow Group news, CTO David A. Beitel sold 1,280 shares of Zillow Group stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $41.38, for a total value of $52,966.40. Following the transaction, the chief technology officer now owns 89,593 shares in the company, valued at $3,707,358.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Allen Parker sold 6,755 shares of Zillow Group stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $41.20, for a total value of $278,306.00. Following the completion of the transaction, the chief financial officer now owns 154,260 shares in the company, valued at approximately $6,355,512. The disclosure for this sale can be found here. Insiders sold 28,641 shares of company stock valued at $1,146,023 over the last 90 days. 15.30% of the stock is currently owned by corporate insiders.
NASDAQ:Z opened at $34.76 on Thursday. Zillow Group, Inc. has a twelve month low of $28.61 and a twelve month high of $122.58. The company has a market cap of $8.56 billion, a price-to-earnings ratio of -15.66 and a beta of 1.45. The stock has a fifty day simple moving average of $37.11 and a 200-day simple moving average of $47.74. The company has a current ratio of 3.98, a quick ratio of 3.57 and a debt-to-equity ratio of 0.34.
Zillow Group (NASDAQ:Z – Get Rating) last released its earnings results on Thursday, May 5th. The financial services provider reported $0.19 earnings per share for the quarter. The business had revenue of $4.26 billion during the quarter. Zillow Group had a negative return on equity of 7.61% and a negative net margin of 5.04%.
Separately, Piper Sandler decreased their target price on Zillow Group from $57.00 to $39.00 in a research report on Friday, May 6th.
About Zillow Group (Get Rating)
Zillow Group, Inc, a digital real estate company, operates real estate brands on mobile applications and Websites in the United States. The company operates through three segments: Homes; Internet, Media & Technology; and Mortgages. The Homes segment is involved in resale of homes; and title and escrow services to home buyers and sellers, including title search procedures for title insurance policies, escrow, and other closing services.
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