Zillow Group, Inc. (NASDAQ:ZG) CFO Jeremy Hofmann Sells 1,612 Shares

Zillow Group, Inc. (NASDAQ:ZG) CFO Jeremy Hofmann sold 1,612 shares of the company’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total transaction of $136,987.76. Following the completion of the transaction, the chief financial officer now directly owns 99,362 shares of the company’s stock, valued at approximately $8,443,782.76. The trade was a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Thursday, January 30th, Jeremy Hofmann sold 23,388 shares of Zillow Group stock. The shares were sold at an average price of $84.98, for a total value of $1,987,512.24.
• 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 value of $612,458.00.
• 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 value of $347,759.92.

Zillow Group Trading Up 1.5 %

Shares of Zillow Group stock opened at $80.93 on Friday. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. The business has a fifty day simple moving average of $75.59 and a two-hundred day simple moving average of $63.59. Zillow Group, Inc. has a 1 year low of $38.06 and a 1 year high of $83.67.

Zillow Group (NASDAQ:ZG) last posted its earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $581.00 million during the quarter, compared to analysts’ expectations of $555.45 million. During the same quarter last year, the company posted ($0.12) EPS. Zillow Group’s quarterly revenue was up 17.1% compared to the same quarter last year. On average, research analysts anticipate that Zillow Group, Inc. will post -0.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

ZG has been the topic of a number of recent research reports. Susquehanna lifted their price objective on shares of Zillow Group from $55.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Evercore ISI lifted their price target on shares of Zillow Group from $55.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Canaccord Genuity Group increased their price objective on shares of Zillow Group from $64.00 to $86.00 and gave the stock a “hold” rating in a research note on Monday, December 2nd. Craig Hallum lifted their target price on Zillow Group from $70.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, The Goldman Sachs Group increased their price target on Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Zillow Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.06.

Hedge Funds Weigh In On Zillow Group

Institutional investors and hedge funds have recently made changes to their positions in the company. L & S Advisors Inc acquired a new position in shares of Zillow Group in the third quarter valued at about $1,579,000. Mirabella Financial Services LLP acquired a new position in shares of Zillow Group during the 3rd quarter worth approximately $11,351,000. JPMorgan Chase & Co. increased its holdings in shares of Zillow Group by 155.4% during the third quarter. JPMorgan Chase & Co. now owns 33,258 shares of the technology company’s stock worth $2,060,000 after purchasing an additional 20,238 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Zillow Group by 28.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 24,738 shares of the technology company’s stock valued at $1,753,000 after buying an additional 5,539 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Zillow Group by 3.3% in the third quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company’s stock valued at $63,523,000 after buying an additional 32,766 shares during the period. 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.