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

Zillow Group, Inc. (NASDAQ:ZG) CFO Jeremy Hofmann sold 23,388 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $84.98, for a total transaction of $1,987,512.24. Following the sale, the chief financial officer now directly owns 99,362 shares in the company, valued at $8,443,782.76. The trade was a 19.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 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 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 ZG traded up $1.17 during midday trading on Thursday, hitting $80.93. The company had a trading volume of 279,223 shares, compared to its average volume of 377,143. The stock has a market cap of $18.90 billion, a price-to-earnings ratio of -141.98, a PEG ratio of 10.31 and a beta of 2.09. The company’s 50 day moving average price is $75.55 and its 200 day moving average price is $63.47. 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 $38.06 and a 52 week high of $83.67.

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 the consensus estimate of $0.32 by $0.03. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The firm had revenue of $581.00 million for the quarter, compared to analysts’ expectations of $555.45 million. During the same quarter in the prior year, the firm posted ($0.12) earnings per share. Zillow Group’s revenue for the quarter was up 17.1% compared to the same quarter last year. On average, equities research analysts predict that Zillow Group, Inc. will post -0.36 EPS for the current year.

Institutional Investors Weigh In On Zillow Group

Several large investors have recently made changes to their positions in ZG. Geode Capital Management LLC raised its position in Zillow Group by 3.3% in the third quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company’s stock worth $63,523,000 after acquiring an additional 32,766 shares in the last quarter. State Street Corp increased its stake in shares of Zillow Group by 0.4% during the 3rd quarter. State Street Corp now owns 805,279 shares of the technology company’s stock worth $49,871,000 after purchasing an additional 2,832 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Zillow Group by 8.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 441,800 shares of the technology company’s stock valued at $19,901,000 after acquiring an additional 35,503 shares during the last quarter. US Bancorp DE raised its position in shares of Zillow Group by 6.5% in the third quarter. US Bancorp DE now owns 297,819 shares of the technology company’s stock valued at $18,444,000 after purchasing an additional 18,136 shares during the period. Finally, Virtu Financial LLC raised its stake in Zillow Group by 132.1% during the 3rd quarter. Virtu Financial LLC now owns 208,773 shares of the technology company’s stock valued at $12,929,000 after purchasing an additional 118,830 shares during the last quarter. Institutional investors and hedge funds own 20.32% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ZG shares. Barclays lifted their price objective on shares of Zillow Group from $36.00 to $50.00 and gave the stock an “underweight” rating in a research report on Friday, November 8th. Evercore ISI raised their price target on shares of Zillow Group from $55.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. The Goldman Sachs Group lifted their price objective on Zillow Group from $42.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. DA Davidson boosted their target price on Zillow Group from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Finally, Canaccord Genuity Group upped their target price on shares of Zillow Group from $64.00 to $86.00 and gave the stock a “hold” rating in a research note on Monday, December 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Zillow Group currently has an average rating of “Moderate Buy” and a consensus target price 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.