Insider Selling: Zillow Group (NASDAQ:ZG) CFO Sells 5,470 Shares of Stock

Zillow Group, Inc. (NASDAQ:ZG) CFO Jeremy Hofmann sold 5,470 shares of Zillow Group stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $71.13, for a total value of $389,081.10. Following the sale, the chief financial officer directly owned 78,676 shares in the company, valued at approximately $5,596,223.88. The trade was a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Jeremy Hofmann also recently made the following trade(s):

• On Friday, November 14th, Jeremy Hofmann sold 7,865 shares of Zillow Group stock. The stock was sold at an average price of $69.53, for a total value of $546,853.45.
• On Monday, September 8th, Jeremy Hofmann sold 25,000 shares of Zillow Group stock. The stock was sold at an average price of $89.99, for a total value of $2,249,750.00.

Zillow Group Price Performance

NASDAQ ZG traded down $1.47 during trading hours on Friday, reaching $67.21. 908,247 shares of the company’s stock traded hands, compared to its average volume of 587,079. Zillow Group, Inc. has a 52-week low of $56.63 and a 52-week high of $90.22. The firm has a 50-day simple moving average of $74.75 and a 200 day simple moving average of $73.29. The firm has a market cap of $16.27 billion, a PE ratio of -258.50, a PEG ratio of 23.55 and a beta of 2.09.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings results on Thursday, October 30th. The technology company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.02). Zillow Group had a negative return on equity of 1.26% and a negative net margin of 2.60%.The company had revenue of $676.00 million during the quarter, compared to analysts’ expectations of $670.28 million. During the same quarter in the previous year, the company earned $0.35 EPS. The business’s quarterly revenue was up 16.4% on a year-over-year basis. Zillow Group has set its Q4 2025 guidance at EPS. Sell-side analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Zillow Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its stake in shares of Zillow Group by 78.9% in the third quarter. Smartleaf Asset Management LLC now owns 424 shares of the technology company’s stock worth $33,000 after purchasing an additional 187 shares in the last quarter. National Bank of Canada FI lifted its stake in shares of Zillow Group by 79.4% during the 1st quarter. National Bank of Canada FI now owns 488 shares of the technology company’s stock valued at $33,000 after buying an additional 216 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Zillow Group by 23.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,033 shares of the technology company’s stock worth $80,000 after buying an additional 194 shares during the period. PNC Financial Services Group Inc. increased its stake in Zillow Group by 33.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the technology company’s stock worth $75,000 after buying an additional 280 shares in the last quarter. Finally, Group One Trading LLC raised its holdings in Zillow Group by 884.7% during the third quarter. Group One Trading LLC now owns 1,477 shares of the technology company’s stock valued at $110,000 after acquiring an additional 1,327 shares during the period. Institutional investors own 20.32% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ZG shares. Canaccord Genuity Group upped their price target on Zillow Group from $76.00 to $84.00 and gave the company a “hold” rating in a report on Thursday, August 7th. Royal Bank Of Canada upped their target price on shares of Zillow Group from $88.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Barclays reiterated an “underweight” rating and issued a $66.00 price target (up from $60.00) on shares of Zillow Group in a research note on Thursday, August 7th. JMP Securities restated a “market outperform” rating and set a $87.00 price objective on shares of Zillow Group in a research report on Thursday, September 25th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Zillow Group from $94.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $87.42.

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.