Jeremy Hofmann Sells 5,377 Shares of Zillow Group, Inc. (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:Z) CFO Jeremy Hofmann sold 5,377 shares of the business’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $68.66, for a total value of $369,184.82. Following the completion of the sale, the chief financial officer now owns 105,440 shares of the company’s stock, valued at $7,239,510.40. The trade was a 4.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, May 16th, Jeremy Hofmann sold 7,959 shares of Zillow Group stock. The stock was sold at an average price of $68.98, for a total value of $549,011.82.

Zillow Group Stock Performance

Shares of Z stock opened at $69.81 on Monday. Zillow Group, Inc. has a fifty-two week low of $39.05 and a fifty-two week high of $89.39. The company has a market capitalization of $16.93 billion, a P/E ratio of -148.53, a PEG ratio of 9.24 and a beta of 2.23. The stock has a 50 day moving average price of $67.29 and a two-hundred day moving average price of $74.01.

Analysts Set New Price Targets

Z has been the subject of a number of recent research reports. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft boosted their target price on Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. KeyCorp upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. Wedbush reiterated an “outperform” rating and issued a $100.00 price objective on shares of Zillow Group in a research report on Monday, May 5th. Finally, Keefe, Bruyette & Woods lowered their price objective on Zillow Group from $80.00 to $76.00 and set a “market perform” rating for the company in a research report on Wednesday, May 7th. Eight research analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $83.71.

Hedge Funds Weigh In On Zillow Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its holdings in shares of Zillow Group by 1.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,532 shares of the financial services provider’s stock valued at $706,000 after acquiring an additional 116 shares in the last quarter. Independent Advisor Alliance raised its holdings in shares of Zillow Group by 3.4% during the fourth quarter. Independent Advisor Alliance now owns 3,620 shares of the financial services provider’s stock valued at $268,000 after acquiring an additional 120 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Zillow Group by 17.5% during the fourth quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock valued at $68,000 after acquiring an additional 137 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of Zillow Group by 2.1% during the fourth quarter. Brown Brothers Harriman & Co. now owns 7,148 shares of the financial services provider’s stock valued at $529,000 after acquiring an additional 148 shares in the last quarter. Finally, DoubleLine ETF Adviser LP raised its holdings in shares of Zillow Group by 1.5% during the fourth quarter. DoubleLine ETF Adviser LP now owns 10,868 shares of the financial services provider’s stock valued at $805,000 after acquiring an additional 163 shares in the last quarter. Institutional investors own 71.01% of the company’s stock.

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.