Jeremy Hofmann Sells 1,612 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) CFO Jeremy Hofmann sold 1,612 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total value of $136,987.76. Following the transaction, the chief financial officer now owns 99,362 shares in the company, valued at approximately $8,443,782.76. This represents a 1.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, January 30th, Jeremy Hofmann sold 23,388 shares of Zillow Group stock. The shares were sold at an average price of $84.98, for a total value of $1,987,512.24.
• 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 Down 2.1 %

Shares of ZG stock opened at $79.20 on Friday. The business has a 50 day moving average of $75.56 and a two-hundred day moving average of $63.80. Zillow Group, Inc. has a 52 week low of $38.06 and a 52 week high of $83.67. 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 (NASDAQ:ZG) last announced its quarterly 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 business had revenue of $581.00 million for the quarter, compared to the consensus estimate of $555.45 million. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The business’s revenue was up 17.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.12) EPS. As a group, equities analysts predict that Zillow Group, Inc. will post -0.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Zillow Group

Several institutional investors have recently modified their holdings of ZG. L & S Advisors Inc bought a new stake in Zillow Group during the 3rd quarter valued at $1,579,000. Mirabella Financial Services LLP bought a new stake in shares of Zillow Group during the third quarter valued at about $11,351,000. JPMorgan Chase & Co. lifted its holdings in Zillow Group by 155.4% in the third quarter. JPMorgan Chase & Co. now owns 33,258 shares of the technology company’s stock worth $2,060,000 after purchasing an additional 20,238 shares during the period. Assenagon Asset Management S.A. grew its position in Zillow Group by 28.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 24,738 shares of the technology company’s stock valued at $1,753,000 after buying an additional 5,539 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Zillow Group by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company’s stock valued at $63,523,000 after buying an additional 32,766 shares during the period. Institutional investors own 20.32% of the company’s stock.

Analyst Upgrades and Downgrades

ZG has been the topic of a number of recent analyst reports. JMP Securities boosted their price objective on shares of Zillow Group from $82.00 to $92.00 and gave the stock a “market outperform” rating in a report on Monday, December 16th. UBS Group increased their price target on Zillow Group from $90.00 to $98.00 and gave the company a “buy” rating in a report on Monday, January 27th. The Goldman Sachs Group raised their price objective on Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Robert W. Baird assumed coverage on Zillow Group in a research report on Friday. They issued a “neutral” rating and a $88.00 target price on the stock. Finally, Craig Hallum raised their price target on shares of Zillow Group from $70.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.83.

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.