Insider Selling: Zillow Group, Inc. (NASDAQ:Z) CFO Sells $1,987,512.24 in Stock

Zillow Group, Inc. (NASDAQ:Z) CFO Jeremy Hofmann sold 23,388 shares of Zillow Group stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $84.98, for a total value of $1,987,512.24. Following the completion of the sale, the chief financial officer now owns 99,362 shares of the company’s stock, valued at $8,443,782.76. The trade was a 19.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, January 28th, Jeremy Hofmann sold 1,612 shares of Zillow Group stock. The shares were sold at an average price of $84.98, for a total transaction of $136,987.76.
• On Wednesday, November 27th, Jeremy Hofmann sold 7,175 shares of Zillow Group stock. The stock was sold at an average price of $85.36, for a total transaction of $612,458.00.
• On Wednesday, November 13th, Jeremy Hofmann sold 4,702 shares of Zillow Group stock. The shares were sold at an average price of $73.96, for a total transaction of $347,759.92.

Zillow Group Stock Performance

Shares of Zillow Group stock opened at $82.22 on Friday. The company has a 50 day moving average price of $78.64 and a 200 day moving average price of $66.19. The firm has a market capitalization of $19.20 billion, a P/E ratio of -144.25, a PEG ratio of 11.21 and a beta of 2.02. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a 52 week low of $38.45 and a 52 week high of $86.88.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. 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 report on Friday, October 18th. Baird R W upgraded Zillow Group to a “hold” rating in a research note on Friday. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. Jefferies Financial Group lifted their price objective on shares of Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, Morgan Stanley increased their target price on shares of Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Zillow Group has an average rating of “Moderate Buy” and a consensus target price of $72.83.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Sector Pension Investment Board raised its stake in shares of Zillow Group by 6.2% in the second quarter. Public Sector Pension Investment Board now owns 15,778 shares of the financial services provider’s stock worth $732,000 after purchasing an additional 916 shares during the last quarter. MBB Public Markets I LLC purchased a new position in Zillow Group during the 2nd quarter worth approximately $499,000. Algert Global LLC acquired a new stake in Zillow Group during the 2nd quarter valued at approximately $564,000. Creative Planning boosted its holdings in shares of Zillow Group by 29.4% in the 2nd quarter. Creative Planning now owns 18,581 shares of the financial services provider’s stock valued at $862,000 after acquiring an additional 4,217 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of Zillow Group in the second quarter worth $61,000. Hedge funds and other 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.