Zillow Group, Inc. (NASDAQ:Z) CFO Jeremy Hofmann Sells 23,388 Shares

Zillow Group, Inc. (NASDAQ:Z) CFO Jeremy Hofmann sold 23,388 shares of the 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 completion of the transaction, the chief financial officer now directly owns 99,362 shares of the company’s stock, valued at $8,443,782.76. This trade represents a 19.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, January 28th, Jeremy Hofmann sold 1,612 shares of Zillow Group stock. The stock was 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 shares were sold at an average price of $73.96, for a total value of $347,759.92.

Zillow Group Price Performance

Z stock traded up $1.22 during mid-day trading on Thursday, reaching $83.92. 2,192,964 shares of the company traded hands, compared to its average volume of 2,333,798. The company has a fifty day moving average price of $78.64 and a 200-day moving average price of $65.77. Zillow Group, Inc. has a 52-week low of $38.45 and a 52-week high of $86.88. The company has a market capitalization of $19.60 billion, a P/E ratio of -147.23, a P/E/G ratio of 10.72 and a beta of 2.02. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13.

Institutional Trading of Zillow Group

Institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. raised its position in shares of Zillow Group by 17.5% during the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock worth $68,000 after acquiring an additional 137 shares in the last quarter. Brighton Jones LLC raised its holdings in Zillow Group by 2.4% during the third quarter. Brighton Jones LLC now owns 6,953 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 166 shares in the last quarter. Savant Capital LLC lifted its position in shares of Zillow Group by 2.7% during the 4th quarter. Savant Capital LLC now owns 6,794 shares of the financial services provider’s stock worth $503,000 after buying an additional 179 shares during the last quarter. True Vision MN LLC boosted its holdings in shares of Zillow Group by 2.6% in the 4th quarter. True Vision MN LLC now owns 7,423 shares of the financial services provider’s stock valued at $550,000 after buying an additional 186 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its stake in Zillow Group by 0.5% in the third quarter. Arkadios Wealth Advisors now owns 41,430 shares of the financial services provider’s stock valued at $2,645,000 after acquiring an additional 198 shares in the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Bank of America upped their target price on Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. Morgan Stanley lifted their target price on shares of Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Finally, Jefferies Financial Group upped their price target 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. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $72.83.

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.