Zillow Group, Inc. (NASDAQ:ZG) CFO Jeremy Hofmann Sells 23,388 Shares of Stock

Zillow Group, Inc. (NASDAQ:ZG) CFO Jeremy Hofmann sold 23,388 shares of the 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 owns 99,362 shares of the company’s stock, valued at approximately $8,443,782.76. This trade represents a 19.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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 Stock Up 1.5 %

Shares of ZG stock opened at $80.93 on Friday. Zillow Group, Inc. has a 1 year low of $38.06 and a 1 year high of $83.67. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. The stock has a 50 day simple moving average of $75.59 and a 200 day simple moving average of $63.59.

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

Hedge Funds Weigh In On Zillow Group

Several hedge funds and other institutional investors have recently made changes to their positions in ZG. Future Financial Wealth Managment LLC bought a new stake in shares of Zillow Group during the 3rd quarter valued at approximately $29,000. Blue Trust Inc. boosted its position in Zillow Group by 70.2% in the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock valued at $30,000 after buying an additional 172 shares in the last quarter. Asset Dedication LLC bought a new stake in shares of Zillow Group during the fourth quarter worth $47,000. Versant Capital Management Inc acquired a new position in shares of Zillow Group during the fourth quarter worth $72,000. Finally, GAMMA Investing LLC lifted its stake in shares of Zillow Group by 86.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock valued at $75,000 after acquiring an additional 561 shares during the last quarter. 20.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ZG. Royal Bank of Canada upped their target price on Zillow Group from $66.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. JMP Securities increased their price objective on Zillow Group from $82.00 to $92.00 and gave the company a “market outperform” rating in a report on Monday, December 16th. Cantor Fitzgerald restated a “neutral” rating and set a $47.00 target price on shares of Zillow Group in a report on Monday, October 7th. UBS Group increased their price target on shares of Zillow Group from $90.00 to $98.00 and gave the company a “buy” rating in a research note on Monday. Finally, Evercore ISI boosted their price objective on shares of Zillow Group from $55.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.06.

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.