Jeremy Hofmann Sells 7,175 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) CFO Jeremy Hofmann sold 7,175 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $85.36, for a total transaction of $612,458.00. Following the completion of the transaction, the chief financial officer now owns 99,362 shares of the company’s stock, valued at $8,481,540.32. This trade represents a 6.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• 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 Stock Up 0.6 %

Shares of NASDAQ ZG opened at $82.33 on Friday. The firm has a fifty day simple moving average of $64.89 and a two-hundred day simple moving average of $53.64. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. Zillow Group, Inc. has a 12 month low of $38.06 and a 12 month high of $83.25.

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, beating 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%. The firm’s revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.12) earnings per share. Equities research analysts expect that Zillow Group, Inc. will post -0.33 EPS for the current year.

Institutional Investors Weigh In On Zillow Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Future Financial Wealth Managment LLC bought a new position in shares of Zillow Group during the third quarter valued at $29,000. Signaturefd LLC grew its position in Zillow Group by 29.7% during the 2nd quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock valued at $71,000 after purchasing an additional 360 shares during the last quarter. GAMMA Investing LLC increased its stake in Zillow Group by 86.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock valued at $75,000 after purchasing an additional 561 shares in the last quarter. Pinpoint Asset Management Ltd purchased a new position in Zillow Group in the third quarter worth about $95,000. Finally, Maryland State Retirement & Pension System purchased a new position in Zillow Group in the second quarter worth about $202,000. Hedge funds and other institutional investors own 20.32% of the company’s stock.

Wall Street Analyst Weigh In

ZG has been the topic of a number of research reports. Canaccord Genuity Group raised their price objective on Zillow Group from $56.00 to $64.00 and gave the company a “hold” rating in a report on Thursday, November 7th. The Goldman Sachs Group lifted their price target on shares of Zillow Group from $42.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Susquehanna upped 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. JMP Securities lifted their target price on shares of Zillow Group from $62.00 to $82.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 7th. Finally, Craig Hallum upped their price target on shares of Zillow Group from $70.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.65.

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.