Korea Investment CORP Has $2.94 Million Stock Holdings in Zillow Group, Inc. (NASDAQ:Z)

Posted by Defense World Staff on Jun 5th, 2023

Korea Investment CORP decreased its position in shares of Zillow Group, Inc. (NASDAQ:Z – Get Rating) by 18.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,415 shares of the financial services provider’s stock after selling 20,407 shares during the period. Korea Investment CORP’s holdings in Zillow Group were worth $2,944,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. lifted its position in shares of Zillow Group by 2.8% in the third quarter. Oppenheimer & Co. Inc. now owns 11,031 shares of the financial services provider’s stock worth $315,000 after buying an additional 300 shares during the last quarter. Pinnacle Associates Ltd. lifted its position in shares of Zillow Group by 0.4% in the fourth quarter. Pinnacle Associates Ltd. now owns 90,695 shares of the financial services provider’s stock worth $3,201,000 after buying an additional 325 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Zillow Group by 4.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,878 shares of the financial services provider’s stock worth $254,000 after buying an additional 349 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of Zillow Group by 3.0% in the second quarter. Prudential Financial Inc. now owns 11,818 shares of the financial services provider’s stock worth $387,000 after buying an additional 349 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. lifted its position in shares of Zillow Group by 2.7% in the first quarter. Candriam Luxembourg S.C.A. now owns 13,624 shares of the financial services provider’s stock worth $671,000 after buying an additional 353 shares during the last quarter. Institutional investors and hedge funds own 68.24% of the company’s stock.

Insider Activity at Zillow Group

In other news, insider Errol G. Samuelson sold 4,185 shares of the business’s stock in a transaction that occurred on Monday, March 27th. The stock was sold at an average price of $42.95, for a total value of $179,745.75. Following the transaction, the insider now directly owns 162,165 shares of the company’s stock, valued at approximately $6,964,986.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Zillow Group news, insider Errol G. Samuelson sold 4,185 shares of the company’s stock in a transaction on Monday, March 27th. The shares were sold at an average price of $42.95, for a total transaction of $179,745.75. Following the completion of the sale, the insider now owns 162,165 shares in the company, valued at approximately $6,964,986.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jennifer Rock sold 6,800 shares of the company’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $43.01, for a total transaction of $292,468.00. Following the completion of the sale, the chief accounting officer now owns 86,961 shares of the company’s stock, valued at approximately $3,740,192.61. The disclosure for this sale can be found here. Insiders have sold 58,961 shares of company stock worth $2,632,440 over the last three months. Company insiders own 15.30% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Gordon Haskett initiated coverage on Zillow Group in a research report on Tuesday, April 18th. They issued a “hold” rating for the company.

Zillow Group Trading Up 1.5 %

Zillow Group stock opened at $46.68 on Monday. Zillow Group, Inc. has a 52 week low of $26.14 and a 52 week high of $49.32. The company has a debt-to-equity ratio of 0.37, a quick ratio of 12.70 and a current ratio of 12.70. The firm has a market capitalization of $10.92 billion, a PE ratio of -79.12 and a beta of 1.63. The business’s 50-day simple moving average is $44.95 and its 200-day simple moving average is $41.65.

Zillow Group (NASDAQ:Z – Get Rating) last issued its quarterly earnings results on Wednesday, May 3rd. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter. Zillow Group had a negative net margin of 5.80% and a negative return on equity of 2.19%. The firm had revenue of $469.00 million for the quarter.

Zillow Group Company Profile

(Get Rating)

Zillow Group, Inc engages in the provision of real estate and home-related information marketplaces on mobile and the web. It operates through the following segments: Internet, Media, and Technology (IMT), Mortgages, and Homes. The IMT segment includes premier agent, rentals marketplaces, and new construction marketplaces, and sale of other advertising and business technology solutions for real estate professionals.