Zillow Group, Inc. (NASDAQ:Z) CFO Jeremy Hofmann Sells 4,702 Shares

Zillow Group, Inc. (NASDAQ:Z) CFO Jeremy Hofmann sold 4,702 shares of Zillow Group stock in a transaction on 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 owns 106,537 shares in the company, valued at $7,879,476.52. The trade was a 4.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

Z stock traded down $1.27 during mid-day trading on Friday, reaching $73.04. 2,931,536 shares of the company traded hands, compared to its average volume of 3,765,898. The company has a market capitalization of $16.90 billion, a P/E ratio of -128.14 and a beta of 1.95. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. The company has a fifty day moving average price of $63.22 and a 200-day moving average price of $52.84. Zillow Group, Inc. has a 52-week low of $37.63 and a 52-week high of $76.69.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on Z shares. UBS Group raised Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Bank of America lifted their price objective on Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Craig Hallum raised Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Jefferies Financial Group lifted their price objective on Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $50.00 to $80.00 in a report on Monday, September 16th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.33.

Institutional Trading of Zillow Group

Large investors have recently modified their holdings of the business. Larson Financial Group LLC boosted its position in shares of Zillow Group by 364.4% during the 2nd quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 481 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its position in Zillow Group by 400.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock worth $32,000 after buying an additional 400 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in Zillow Group in the 3rd quarter worth approximately $35,000. Blue Trust Inc. lifted its position in Zillow Group by 66.3% in the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock worth $50,000 after buying an additional 313 shares during the last quarter. Finally, Quarry LP bought a new stake in Zillow Group in the 2nd quarter worth approximately $61,000. Institutional investors own 71.01% of the company’s stock.

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.