Insider Selling: Zillow Group, Inc. (NASDAQ:Z) CFO Sells 4,702 Shares of Stock

Zillow Group, Inc. (NASDAQ:Z) CFO Jeremy Hofmann sold 4,702 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $73.96, for a total value of $347,759.92. Following the completion of the sale, the chief financial officer now directly owns 106,537 shares of the company’s stock, valued at $7,879,476.52. The trade was a 4.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Wednesday, August 28th, Jeremy Hofmann sold 7,155 shares of Zillow Group stock. The shares were sold at an average price of $56.89, for a total transaction of $407,047.95.

Zillow Group Trading Down 1.7 %

Shares of Z stock opened at $73.04 on Friday. The business’s fifty day moving average price is $63.61 and its 200 day moving average price is $53.12. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a 1-year low of $37.63 and a 1-year high of $76.69.

Analyst Upgrades and Downgrades

A number of research firms have commented on Z. Craig Hallum upgraded shares of Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft boosted their price target on Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. UBS Group raised Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Finally, Bank of America upped their price target on Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong 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 $70.33.

Hedge Funds Weigh In On Zillow Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC boosted its stake in shares of Zillow Group by 14.6% during the 1st quarter. Empowered Funds LLC now owns 4,752 shares of the financial services provider’s stock worth $232,000 after acquiring an additional 606 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Zillow Group during the first quarter worth $1,539,000. State Board of Administration of Florida Retirement System boosted its position in Zillow Group by 1.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 171,894 shares of the financial services provider’s stock worth $7,644,000 after purchasing an additional 3,001 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Zillow Group by 32.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 85,233 shares of the financial services provider’s stock valued at $4,158,000 after purchasing an additional 20,729 shares during the last quarter. Finally, Intech Investment Management LLC increased its position in shares of Zillow Group by 562.3% in the first quarter. Intech Investment Management LLC now owns 53,964 shares of the financial services provider’s stock valued at $2,632,000 after buying an additional 45,816 shares in the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

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.