Insider Selling: Zillow Group, Inc. (NASDAQ:Z) CFO Sells 23,388 Shares of Stock

Zillow Group, Inc. (NASDAQ:Z) CFO Jeremy Hofmann sold 23,388 shares of Zillow Group stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $84.98, for a total transaction of $1,987,512.24. Following the completion of the transaction, the chief financial officer now owns 99,362 shares in the company, valued at approximately $8,443,782.76. This represents a 19.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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 value of $136,987.76.
• 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 Stock Up 1.5 %

Shares of Z stock opened at $83.92 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. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $86.88. The stock has a fifty day moving average price of $78.68 and a 200 day moving average price of $65.89.

Analyst Upgrades and Downgrades

Z has been the subject of a number of analyst reports. Morgan Stanley upped their price objective on shares of Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Jefferies Financial Group raised their price objective on shares of Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. Finally, 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 research note on Friday, October 18th. Four analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $72.83.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. FMR LLC raised its position in shares of Zillow Group by 179.5% in the third quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock valued at $325,337,000 after buying an additional 3,272,118 shares during the last quarter. Groupama Asset Managment acquired a new position in Zillow Group in the 3rd quarter valued at $83,005,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Zillow Group during the 3rd quarter worth $38,310,000. Bridgewater Associates LP boosted its holdings in shares of 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 purchasing an additional 424,615 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in 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 valued at $15,732,000 after purchasing an additional 243,415 shares during the last quarter. 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.