Amundi Pioneer Asset Management Inc. Purchases Shares of 626,493 Zillow Group, Inc. (Z)
Amundi Pioneer Asset Management Inc. purchased a new stake in Zillow Group, Inc. (NASDAQ:Z) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 626,493 shares of the financial services provider’s stock, valued at approximately $25,636,000.
Other large investors also recently bought and sold shares of the company. Massey Quick Simon & CO. LLC purchased a new position in shares of Zillow Group during the 3rd quarter worth approximately $130,000. Toronto Dominion Bank boosted its position in shares of Zillow Group by 246.7% during the 3rd quarter. Toronto Dominion Bank now owns 4,417 shares of the financial services provider’s stock worth $178,000 after purchasing an additional 3,143 shares during the period. Virtu Financial LLC purchased a new position in shares of Zillow Group during the 4th quarter worth approximately $202,000. State of Alaska Department of Revenue purchased a new position in shares of Zillow Group during the 4th quarter worth approximately $294,000. Finally, SG Americas Securities LLC boosted its position in shares of Zillow Group by 148.6% during the 4th quarter. SG Americas Securities LLC now owns 8,312 shares of the financial services provider’s stock worth $340,000 after purchasing an additional 4,968 shares during the period. 58.65% of the stock is owned by hedge funds and other institutional investors.
In other news, CMO Jeremy Wacksman sold 11,000 shares of the firm’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $50.32, for a total value of $553,520.00. Following the sale, the chief marketing officer now directly owns 11,468 shares in the company, valued at approximately $577,069.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Greg M. Schwartz sold 8,584 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $46.45, for a total transaction of $398,726.80. Following the completion of the sale, the insider now owns 8,584 shares in the company, valued at $398,726.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 327,586 shares of company stock worth $14,415,985. 21.72% of the stock is owned by company insiders.
Shares of Zillow Group, Inc. (NASDAQ:Z) opened at $55.19 on Monday. The stock has a market cap of $10,523.74, a P/E ratio of -108.22 and a beta of 0.72. Zillow Group, Inc. has a fifty-two week low of $32.56 and a fifty-two week high of $55.30. The company has a current ratio of 7.11, a quick ratio of 7.11 and a debt-to-equity ratio of 0.14.
Zillow Group (NASDAQ:Z) last released its earnings results on Thursday, February 8th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $282.33 million for the quarter. Zillow Group had a negative net margin of 8.77% and a positive return on equity of 0.03%.
ILLEGAL ACTIVITY NOTICE: “Amundi Pioneer Asset Management Inc. Purchases Shares of 626,493 Zillow Group, Inc. (Z)” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2018/03/12/amundi-pioneer-asset-management-inc-purchases-shares-of-626493-zillow-group-inc-z.html.
Zillow Group Profile
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 people 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.
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).
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.