Zillow Group, Inc. (NASDAQ:Z) CFO Sells $1,987,512.24 in Stock

Zillow Group, Inc. (NASDAQ:Z) CFO Jeremy Hofmann sold 23,388 shares of Zillow Group stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $84.98, for a total transaction of $1,987,512.24. Following the completion of the transaction, the chief financial officer now owns 99,362 shares of the company’s stock, valued at $8,443,782.76. This trade represents a 19.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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 transaction 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 Price Performance

Z opened at $82.22 on Friday. Zillow Group, Inc. has a 52 week low of $38.45 and a 52 week high of $86.88. The firm has a market capitalization of $19.20 billion, a PE ratio of -144.25, a P/E/G ratio of 11.21 and a beta of 2.02. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. The company has a fifty day moving average price of $78.64 and a two-hundred day moving average price of $66.11.

Hedge Funds Weigh In On Zillow Group

Several institutional investors and hedge funds have recently made changes to their positions in Z. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Zillow Group by 400.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock valued at $32,000 after buying an additional 400 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of Zillow Group in the 3rd quarter valued at $35,000. Blue Trust Inc. grew its holdings in shares of Zillow Group by 66.3% in the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock valued at $50,000 after buying an additional 313 shares during the period. Quarry LP acquired a new position in shares of Zillow Group in the 2nd quarter valued at $61,000. Finally, Brooklyn Investment Group acquired a new position in shares of Zillow Group in the 3rd quarter valued at $74,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on Z. Jefferies Financial Group raised their price target on shares of Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Thursday, November 7th. Bank of America raised their price target on shares of Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Finally, Morgan Stanley lifted their target price on shares of Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Zillow Group currently has an average rating of “Moderate Buy” and an average target price of $72.83.

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.