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 shares were sold at an average price of $84.98, for a total value of $136,987.76. Following the completion of the transaction, the chief financial officer now owns 99,362 shares of the company’s stock, valued at $8,443,782.76. This trade represents a 1.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 transaction of $1,987,512.24.
• 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

NASDAQ ZG traded up $1.17 on Thursday, reaching $80.93. 279,223 shares of the stock were exchanged, compared to its average volume of 377,143. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a one year low of $38.06 and a one year high of $83.67. The company’s 50-day simple moving average is $75.55 and its two-hundred day simple moving average is $63.47. The firm has a market capitalization of $18.90 billion, a PE ratio of -141.98, a PEG ratio of 10.31 and a beta of 2.09.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating 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 business had revenue of $581.00 million during the quarter, compared to analyst estimates of $555.45 million. During the same period last year, the firm posted ($0.12) EPS. The company’s revenue was up 17.1% on a year-over-year basis. Analysts expect that Zillow Group, Inc. will post -0.36 EPS for the current fiscal year.

Institutional Investors Weigh In On Zillow Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its holdings in Zillow Group by 70.2% during the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock valued at $30,000 after buying an additional 172 shares in the last quarter. Creative Planning grew its holdings in Zillow Group by 7.2% during the 3rd quarter. Creative Planning now owns 6,537 shares of the technology company’s stock valued at $405,000 after buying an additional 439 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of Zillow Group in the third quarter valued at $29,000. GAMMA Investing LLC grew its holdings in shares of Zillow Group by 86.7% in the third quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock valued at $75,000 after purchasing an additional 561 shares in the last quarter. Finally, Asset Dedication LLC purchased a new position in shares of Zillow Group in the fourth quarter valued at $47,000. 20.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on ZG shares. Barclays upped their price objective on Zillow Group from $36.00 to $50.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. Piper Sandler upped their price target on Zillow Group from $73.00 to $93.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Susquehanna lifted their price objective on Zillow Group from $55.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. JMP Securities upped their price objective on shares of Zillow Group from $82.00 to $92.00 and gave the company a “market outperform” rating in a report on Monday, December 16th. Finally, Royal Bank of Canada lifted their target price on shares of Zillow Group from $66.00 to $74.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Zillow Group has a consensus rating of “Moderate Buy” and a consensus price target of $74.06.

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.