Jeremy Hofmann Sells 1,612 Shares of Zillow Group, Inc. (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:Z) CFO Jeremy Hofmann sold 1,612 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total transaction of $136,987.76. Following the transaction, the chief financial officer now owns 99,362 shares in the company, valued at $8,443,782.76. This represents a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 stock was 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 shares were sold at an average price of $73.96, for a total value of $347,759.92.

Zillow Group Stock Performance

Shares of NASDAQ:Z opened at $82.22 on Friday. 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 business’s 50 day simple moving average is $78.64 and its 200 day simple moving average is $66.11. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $86.88.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. FMR LLC lifted its stake in Zillow Group by 179.5% during the third quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock worth $325,337,000 after purchasing an additional 3,272,118 shares during the last quarter. Groupama Asset Managment acquired a new stake in Zillow Group in the third quarter valued at about $83,005,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Zillow Group in the third quarter valued at about $38,310,000. Bridgewater Associates LP raised its stake in Zillow Group by 428.2% during the third quarter. Bridgewater Associates LP now owns 523,772 shares of the financial services provider’s stock worth $33,443,000 after acquiring an additional 424,615 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of Zillow Group by 8,162.8% in the third quarter. International Assets Investment Management LLC now owns 246,397 shares of the financial services provider’s stock worth $15,732,000 after acquiring an additional 243,415 shares during the last quarter. Institutional investors own 71.01% of the company’s stock.

Analyst Upgrades and Downgrades

Z has been the topic of several research reports. Morgan Stanley upped their price objective on shares of Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Thursday, November 7th. Jefferies Financial Group upped their target price on Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, Bank of America lifted their price target on Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Four investment 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $72.83.

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.