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

Zillow Group, Inc. (NASDAQ:ZG) CFO Jeremy Hofmann sold 23,388 shares of Zillow Group stock in a transaction on 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 sale, the chief financial officer now directly owns 99,362 shares of the company’s stock, valued at $8,443,782.76. This 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 shares were 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 stock was 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 transaction of $347,759.92.

Zillow Group Trading Up 1.5 %

ZG traded up $1.17 on Thursday, hitting $80.93. The company had a trading volume of 279,223 shares, compared to its average volume of 377,143. 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 company has a market cap of $18.90 billion, a PE ratio of -141.98, a PEG ratio of 10.31 and a beta of 2.09. Zillow Group, Inc. has a 12-month low of $38.06 and a 12-month high of $83.67. The business’s fifty day simple moving average is $75.55 and its 200 day simple moving average is $63.47.

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

Institutional Investors Weigh In On Zillow Group

A number of hedge funds have recently modified their holdings of the business. Blue Trust Inc. increased its position in Zillow Group by 70.2% during the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock worth $30,000 after buying an additional 172 shares during the period. Creative Planning increased its holdings in Zillow Group by 7.2% during the 3rd quarter. Creative Planning now owns 6,537 shares of the technology company’s stock valued at $405,000 after acquiring an additional 439 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of Zillow Group in the third quarter valued at $29,000. GAMMA Investing LLC grew its holdings in shares of Zillow Group by 86.7% during the third quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock worth $75,000 after buying an additional 561 shares in the last quarter. Finally, Asset Dedication LLC purchased a new position in shares of Zillow Group during the 4th quarter worth $47,000. 20.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ZG has been the subject of several analyst reports. Evercore ISI increased their price objective on shares of Zillow Group from $55.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Susquehanna increased their price target on shares of Zillow Group from $55.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Royal Bank of Canada raised their price target on Zillow Group from $66.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Craig Hallum raised their target price on shares of Zillow Group from $70.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, JMP Securities boosted their price target on shares of Zillow Group from $82.00 to $92.00 and gave the stock a “market outperform” rating in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.