Zillow Group, Inc. (NASDAQ:ZG) CFO Jeremy Hofmann Sells 7,175 Shares of Stock

Zillow Group, Inc. (NASDAQ:ZG) CFO Jeremy Hofmann sold 7,175 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $85.36, for a total transaction of $612,458.00. Following the completion of the sale, the chief financial officer now owns 99,362 shares of the company’s stock, valued at $8,481,540.32. This trade represents a 6.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, November 13th, Jeremy Hofmann sold 4,702 shares of Zillow Group stock. The stock was sold at an average price of $73.96, for a total transaction of $347,759.92.

Zillow Group Stock Performance

Zillow Group stock opened at $82.33 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. Zillow Group, Inc. has a fifty-two week low of $38.06 and a fifty-two week high of $83.25. The stock has a fifty day moving average of $64.50 and a two-hundred day moving average of $53.44.

Zillow Group (NASDAQ:ZG) last announced its earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. The firm had revenue of $581.00 million during the quarter, compared to the consensus estimate of $555.45 million. During the same quarter in the previous year, the company posted ($0.12) EPS. The firm’s revenue for the quarter was up 17.1% on a year-over-year basis. As a group, analysts forecast that Zillow Group, Inc. will post -0.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Cantor Fitzgerald reiterated a “neutral” rating and set a $47.00 target price on shares of Zillow Group in a research report on Monday, October 7th. UBS Group upped their price objective on Zillow Group from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group raised their target price on Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Canaccord Genuity Group boosted their target price on shares of Zillow Group from $56.00 to $64.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Finally, DA Davidson increased their price target on shares of Zillow Group from $71.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $69.65.

Institutional Trading of Zillow Group

A number of hedge funds have recently bought and sold shares of ZG. Geode Capital Management LLC lifted its stake in shares of 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 worth $63,523,000 after purchasing an additional 32,766 shares during the period. State Street Corp increased its stake in Zillow Group by 0.4% in the third quarter. State Street Corp now owns 805,279 shares of the technology company’s stock valued at $49,871,000 after purchasing an additional 2,832 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Zillow Group by 8.7% during the second quarter. Dimensional Fund Advisors LP now owns 441,800 shares of the technology company’s stock worth $19,901,000 after buying an additional 35,503 shares during the period. Selkirk Management LLC boosted its stake in Zillow Group by 37.4% in the 2nd quarter. Selkirk Management LLC now owns 320,800 shares of the technology company’s stock worth $14,449,000 after buying an additional 87,300 shares during the last quarter. Finally, US Bancorp DE increased its stake in shares of Zillow Group by 6.5% during the 3rd quarter. US Bancorp DE now owns 297,819 shares of the technology company’s stock valued at $18,444,000 after acquiring an additional 18,136 shares during the last quarter. Institutional investors and hedge funds own 20.32% of the company’s stock.

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.