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

Zillow Group, Inc. (NASDAQ:ZG) CFO Jeremy Hofmann sold 4,702 shares of the company’s stock in a transaction that occurred 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 directly owns 106,537 shares of the company’s stock, valued at $7,879,476.52. The trade was a 4.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 transaction of $407,047.95.

Zillow Group Trading Down 1.8 %

Shares of ZG opened at $70.73 on Friday. 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 50-day moving average price of $61.58 and a two-hundred day moving average price of $51.59. Zillow Group, Inc. has a 12 month low of $36.38 and a 12 month high of $73.89.

Zillow Group (NASDAQ:ZG) last posted its earnings results on Wednesday, November 6th. The technology company reported $0.35 EPS for the quarter, topping the consensus estimate 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 business had revenue of $581.00 million during the quarter, compared to the consensus estimate of $555.45 million. During the same quarter last year, the company earned ($0.12) EPS. Zillow Group’s revenue was up 17.1% on a year-over-year basis. On average, research analysts predict that Zillow Group, Inc. will post -0.33 EPS for the current year.

Institutional Investors Weigh In On Zillow Group

Several large investors have recently made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new stake in Zillow Group during the 3rd quarter worth approximately $29,000. EntryPoint Capital LLC bought a new stake in shares of Zillow Group during the first quarter worth $53,000. GAMMA Investing LLC increased its stake in shares of Zillow Group by 86.7% in the third quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock valued at $75,000 after buying an additional 561 shares in the last quarter. Pinpoint Asset Management Ltd bought a new position in shares of Zillow Group in the third quarter valued at about $95,000. Finally, Signaturefd LLC lifted its position in Zillow Group by 29.7% during the 2nd quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock worth $71,000 after buying an additional 360 shares in the last quarter. Institutional investors own 20.32% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on ZG shares. Barclays lifted their target price on shares of Zillow Group from $36.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. Wedbush upgraded 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 research note on Monday, September 16th. Susquehanna increased their target price on Zillow Group from $55.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Benchmark lifted their price target on Zillow Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Finally, Royal Bank of Canada increased their price objective on Zillow Group from $66.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Zillow Group has a consensus rating of “Moderate Buy” and a consensus target price of $67.17.

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.