Koshinski Asset Management Inc. Buys New Stake in Zillow Group, Inc. (NASDAQ:Z)
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.
Featured Stories
Want to see what other hedge funds are holding Z? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zillow Group, Inc. (NASDAQ:Z – Get Rating).
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.
