Zillow Group, Inc. (NASDAQ:Z) CFO Sells $347,759.92 in Stock

Zillow Group, Inc. (NASDAQ:Z) CFO Jeremy Hofmann sold 4,702 shares of Zillow Group stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $73.96, for a total value of $347,759.92. Following the sale, the chief financial officer now directly owns 106,537 shares of the company’s stock, valued at approximately $7,879,476.52. This represents a 4.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 stock was sold at an average price of $56.89, for a total value of $407,047.95.

Zillow Group Price Performance

NASDAQ:Z opened at $73.04 on Monday. The stock has a market cap of $16.90 billion, a PE ratio of -128.14 and a beta of 1.95. Zillow Group, Inc. has a one year low of $37.63 and a one year high of $76.69. 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 stock has a 50 day moving average price of $63.61 and a 200 day moving average price of $53.20.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. abrdn plc grew its position in Zillow Group by 98.0% in the third quarter. abrdn plc now owns 48,990 shares of the financial services provider’s stock worth $3,128,000 after acquiring an additional 24,247 shares during the period. Prudential PLC purchased a new position in shares of Zillow Group during the second quarter worth $474,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Zillow Group by 32.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 85,233 shares of the financial services provider’s stock worth $4,158,000 after buying an additional 20,729 shares during the period. Empowered Funds LLC boosted its position in shares of Zillow Group by 14.6% during the first quarter. Empowered Funds LLC now owns 4,752 shares of the financial services provider’s stock worth $232,000 after buying an additional 606 shares during the period. Finally, Entropy Technologies LP purchased a new position in shares of Zillow Group during the third quarter worth $1,370,000. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on Z. Jefferies Financial Group boosted their price objective on 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. Deutsche Bank Aktiengesellschaft boosted their price objective on Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 9th. Bank of America lifted their price target on Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Finally, Craig Hallum upgraded Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $70.33.

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.