Jeremy Hofmann Sells 4,702 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) CFO Jeremy Hofmann sold 4,702 shares of Zillow Group stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $73.96, for a total value of $347,759.92. Following the completion of the transaction, the chief financial officer now owns 106,537 shares of the company’s stock, valued at approximately $7,879,476.52. The trade was a 4.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, August 28th, Jeremy Hofmann sold 7,155 shares of Zillow Group stock. The shares were sold at an average price of $56.89, for a total value of $407,047.95.

Zillow Group Stock Down 1.8 %

Shares of ZG stock traded down $1.27 on Friday, hitting $70.73. The company’s stock had a trading volume of 594,758 shares, compared to its average volume of 626,221. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. Zillow Group, Inc. has a fifty-two week low of $36.38 and a fifty-two week high of $73.89. The firm’s fifty day moving average price is $61.20 and its 200-day moving average price is $51.33. The stock has a market capitalization of $16.37 billion, a price-to-earnings ratio of -124.09 and a beta of 2.02.

Zillow Group (NASDAQ:ZG) last released its earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $581.00 million during the quarter, compared to analyst estimates of $555.45 million. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. The business’s revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.12) EPS. Research analysts anticipate that Zillow Group, Inc. will post -0.33 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on ZG. UBS Group lifted their price target on Zillow Group from $70.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Piper Sandler reissued an “overweight” rating and set a $73.00 target price (up previously from $62.00) on shares of Zillow Group in a report on Thursday, November 7th. Susquehanna boosted their target price on Zillow Group from $55.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday. Canaccord Genuity Group lifted their price target on shares of Zillow Group from $56.00 to $64.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Finally, Barclays lifted their price target 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp raised its position in shares of Zillow Group by 0.4% during the third quarter. State Street Corp now owns 805,279 shares of the technology company’s stock valued at $49,871,000 after buying an additional 2,832 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of Zillow Group during the third quarter valued at about $418,000. Quantinno Capital Management LP acquired a new position in shares of Zillow Group during the third quarter valued at about $325,000. Philadelphia Financial Management of San Francisco LLC acquired a new position in shares of Zillow Group during the third quarter valued at about $9,813,000. Finally, Pinpoint Asset Management Ltd acquired a new position in shares of Zillow Group during the third quarter valued at about $95,000. Institutional investors and hedge funds own 20.32% of the company’s stock.

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.