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.
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%.
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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.
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