Zillow Group, Inc. (NASDAQ:ZG) CFO Sells $1,987,512.24 in Stock

Zillow Group, Inc. (NASDAQ:ZG) CFO Jeremy Hofmann sold 23,388 shares of Zillow Group stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $84.98, for a total value of $1,987,512.24. Following the transaction, the chief financial officer now directly owns 99,362 shares in the company, valued at $8,443,782.76. The trade was a 19.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Tuesday, January 28th, Jeremy Hofmann sold 1,612 shares of Zillow Group stock. The stock was sold at an average price of $84.98, for a total value of $136,987.76.
• 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 transaction of $612,458.00.
• On Wednesday, November 13th, Jeremy Hofmann sold 4,702 shares of Zillow Group stock. The shares were sold at an average price of $73.96, for a total transaction of $347,759.92.

Zillow Group Price Performance

Shares of NASDAQ:ZG opened at $80.93 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. The stock’s fifty day simple moving average is $75.59 and its two-hundred day simple moving average is $63.59. Zillow Group, Inc. has a 1-year low of $38.06 and a 1-year high of $83.67.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. The business had revenue of $581.00 million for the quarter, compared to analysts’ expectations of $555.45 million. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. The firm’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.12) earnings per share. Research analysts expect that Zillow Group, Inc. will post -0.36 EPS for the current year.

Institutional Trading of Zillow Group

A number of hedge funds have recently bought and sold shares of ZG. Cynosure Group LLC purchased a new position in Zillow Group in the third quarter valued at about $12,248,000. Mirabella Financial Services LLP purchased a new position in Zillow Group in the third quarter valued at approximately $11,351,000. Philadelphia Financial Management of San Francisco LLC bought a new position in Zillow Group during the third quarter valued at $9,813,000. Virtu Financial LLC raised its stake in shares of Zillow Group by 132.1% in the third quarter. Virtu Financial LLC now owns 208,773 shares of the technology company’s stock valued at $12,929,000 after buying an additional 118,830 shares during the period. Finally, CreativeOne Wealth LLC lifted its position in shares of Zillow Group by 164.4% during the 3rd quarter. CreativeOne Wealth LLC now owns 179,700 shares of the technology company’s stock valued at $11,129,000 after buying an additional 111,743 shares during the last quarter. 20.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ZG. UBS Group boosted their target price on shares of Zillow Group from $90.00 to $98.00 and gave the company a “buy” rating in a report on Monday. Craig Hallum lifted their target price on Zillow Group from $70.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Canaccord Genuity Group increased their price target on Zillow Group from $64.00 to $86.00 and gave the stock a “hold” rating in a report on Monday, December 2nd. Susquehanna lifted their price objective on shares of Zillow Group from $55.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Finally, Piper Sandler increased their target price on shares of Zillow Group from $73.00 to $93.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Zillow Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.06.

About Zillow Group

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.