Zillow Group, Inc. (NASDAQ:Z) CFO Sells $612,458.00 in Stock

Zillow Group, Inc. (NASDAQ:Z) CFO Jeremy Hofmann sold 7,175 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $85.36, for a total value of $612,458.00. Following the sale, the chief financial officer now directly owns 99,362 shares of the company’s stock, valued at $8,481,540.32. This represents a 6.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 value of $347,759.92.

Zillow Group Stock Performance

Shares of Z stock traded up $0.60 during trading on Wednesday, hitting $85.45. The company’s stock had a trading volume of 2,113,892 shares, compared to its average volume of 3,752,254. The business has a fifty day moving average of $66.69 and a 200-day moving average of $55.09. The company has a market cap of $19.96 billion, a PE ratio of -148.86 and a beta of 1.95. Zillow Group, Inc. has a 52 week low of $38.45 and a 52 week high of $86.37. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Craig Hallum raised shares of Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Bank of America raised their target price on Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Cantor Fitzgerald raised Zillow Group to a “hold” rating in a research note on Thursday, September 5th. Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $50.00 to $80.00 in a research report on Monday, September 16th. Finally, Morgan Stanley upped their price objective on shares of Zillow Group from $46.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $70.33.

Institutional Investors Weigh In On Zillow Group

Several large investors have recently made changes to their positions in Z. Brighton Jones LLC lifted its position in shares of Zillow Group by 2.4% during the 3rd quarter. Brighton Jones LLC now owns 6,953 shares of the financial services provider’s stock valued at $444,000 after buying an additional 166 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in Zillow Group by 0.5% in the 3rd quarter. Arkadios Wealth Advisors now owns 41,430 shares of the financial services provider’s stock worth $2,645,000 after buying an additional 198 shares during the period. Doliver Advisors LP grew its stake in Zillow Group by 3.3% in the 3rd quarter. Doliver Advisors LP now owns 9,681 shares of the financial services provider’s stock valued at $618,000 after buying an additional 310 shares in the last quarter. Blue Trust Inc. raised its holdings in Zillow Group by 66.3% during the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 313 shares during the period. Finally, CIBC Asset Management Inc raised its holdings in Zillow Group by 5.5% during the 3rd quarter. CIBC Asset Management Inc now owns 6,076 shares of the financial services provider’s stock valued at $388,000 after acquiring an additional 318 shares during the period. 71.01% of the stock is owned by hedge funds and other institutional investors.

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.