Zillow Group, Inc. (NASDAQ:Z) CFO Sells $136,987.76 in Stock

Zillow Group, Inc. (NASDAQ:Z) CFO Jeremy Hofmann sold 1,612 shares of Zillow Group stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total transaction of $136,987.76. Following the sale, the chief financial officer now owns 99,362 shares of the company’s stock, valued at approximately $8,443,782.76. This represents a 1.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Jeremy Hofmann also recently made the following trade(s):

• On Thursday, January 30th, Jeremy Hofmann sold 23,388 shares of Zillow Group stock. The shares were sold at an average price of $84.98, for a total transaction of $1,987,512.24.
• On Wednesday, November 27th, Jeremy Hofmann sold 7,175 shares of Zillow Group stock. The shares were sold at an average price of $85.36, for a total value of $612,458.00.
• On Wednesday, November 13th, Jeremy Hofmann sold 4,702 shares of Zillow Group stock. The stock was sold at an average price of $73.96, for a total value of $347,759.92.

Zillow Group Trading Up 1.5 %

Shares of Z stock traded up $1.22 during mid-day trading on Thursday, reaching $83.92. 2,192,964 shares of the stock traded hands, compared to its average volume of 2,333,798. The company has a market cap of $19.60 billion, a price-to-earnings ratio of -147.23, a price-to-earnings-growth ratio of 10.72 and a beta of 2.02. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. The stock’s fifty day simple moving average is $78.64 and its two-hundred day simple moving average is $65.77. Zillow Group, Inc. has a 1-year low of $38.45 and a 1-year high of $86.88.

Institutional Investors Weigh In On Zillow Group

Several hedge funds have recently added to or reduced their stakes in Z. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Zillow Group by 400.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock valued at $32,000 after buying an additional 400 shares during the period. V Square Quantitative Management LLC acquired a new stake in Zillow Group during the 3rd quarter valued at approximately $35,000. Blue Trust Inc. increased its position in Zillow Group by 66.3% during the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 313 shares during the period. Brooklyn Investment Group bought a new position in Zillow Group during the 3rd quarter worth approximately $74,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Zillow Group by 86.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider’s stock worth $94,000 after purchasing an additional 579 shares during the period. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Z has been the topic of a number of recent analyst reports. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a report on Thursday, November 7th. Morgan Stanley raised their price objective on Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Bank of America upped their target price on Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Finally, Jefferies Financial Group lifted their price objective on shares of Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.83.

Zillow Group Company Profile

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.