Teachers Retirement System of The State of Kentucky Sells 1,670 Shares of Zillow Group Inc (Z)

Teachers Retirement System of The State of Kentucky cut its stake in shares of Zillow Group Inc (NASDAQ:Z) by 3.0% in the third quarter, HoldingsChannel.com reports. The fund owned 54,640 shares of the financial services provider’s stock after selling 1,670 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Zillow Group were worth $2,418,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Korea Investment CORP bought a new position in Zillow Group in the 2nd quarter worth approximately $124,000. Flagship Harbor Advisors LLC bought a new position in Zillow Group in the 2nd quarter worth approximately $184,000. Royal Bank of Canada boosted its stake in Zillow Group by 125.9% in the 1st quarter. Royal Bank of Canada now owns 3,381 shares of the financial services provider’s stock worth $182,000 after purchasing an additional 16,423 shares during the period. Commonwealth Equity Services LLC bought a new position in Zillow Group in the 2nd quarter worth approximately $210,000. Finally, World Asset Management Inc bought a new position in Zillow Group in the 2nd quarter worth approximately $218,000. Institutional investors own 61.91% of the company’s stock.

In related news, Director Jay C. Hoag purchased 200,000 shares of the firm’s stock in a transaction that occurred on Friday, November 23rd. The shares were bought at an average price of $29.47 per share, for a total transaction of $5,894,000.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Greg M. Schwartz sold 5,400 shares of the stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $48.34, for a total value of $261,036.00. Following the sale, the insider now owns 1,800 shares in the company, valued at approximately $87,012. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 1,436,724 shares of company stock valued at $40,889,456 and have sold 161,750 shares valued at $7,436,046. 21.72% of the stock is currently owned by corporate insiders.

Z has been the subject of several recent analyst reports. ValuEngine upgraded Zillow Group from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th. BidaskClub downgraded Zillow Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 18th. KeyCorp dropped their price target on Zillow Group from $63.00 to $56.00 and set an “overweight” rating for the company in a research note on Tuesday, August 7th. Bank of America downgraded Zillow Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 7th. Finally, UBS Group downgraded Zillow Group to a “neutral” rating in a research report on Wednesday, November 7th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. Zillow Group has a consensus rating of “Hold” and a consensus price target of $48.82.

NASDAQ Z opened at $29.39 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 11.72 and a quick ratio of 11.43. Zillow Group Inc has a one year low of $26.38 and a one year high of $65.70.

Zillow Group (NASDAQ:Z) last posted its earnings results on Tuesday, November 6th. The financial services provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.14). The firm had revenue of $343.09 million for the quarter. Zillow Group had a negative net margin of 7.94% and a positive return on equity of 0.06%.

COPYRIGHT VIOLATION WARNING: This story was first published by WKRB News and is the sole property of of WKRB News. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.wkrb13.com/2018/11/24/teachers-retirement-system-of-the-state-of-kentucky-sells-1670-shares-of-zillow-group-inc-z.html.

About Zillow Group

Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable consumers find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

Recommended Story: How can investors find ex-dividend dates?

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).

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

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.

Leave a Reply