Jeremy Hofmann Sells 7,175 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) CFO Jeremy Hofmann sold 7,175 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $85.36, for a total value of $612,458.00. Following the completion of the sale, the chief financial officer now owns 99,362 shares in the company, valued at approximately $8,481,540.32. This represents a 6.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 transaction of $347,759.92.

Zillow Group Trading Up 0.6 %

NASDAQ:ZG traded up $0.46 on Wednesday, hitting $82.33. The stock had a trading volume of 304,340 shares, compared to its average volume of 622,956. The stock has a market cap of $19.23 billion, a price-to-earnings ratio of -143.12 and a beta of 2.02. Zillow Group, Inc. has a 1-year low of $38.06 and a 1-year high of $83.25. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. The company has a fifty day moving average price of $64.50 and a two-hundred day moving average price of $53.44.

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

Institutional Investors Weigh In On Zillow Group

A number of institutional investors have recently made changes to their positions in the stock. Future Financial Wealth Managment LLC purchased a new position in shares of Zillow Group during the 3rd quarter worth approximately $29,000. Signaturefd LLC boosted its position in shares of Zillow Group by 29.7% during the second quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock worth $71,000 after buying an additional 360 shares during the period. GAMMA Investing LLC grew its stake in shares of Zillow Group by 86.7% in the third quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock valued at $75,000 after buying an additional 561 shares in the last quarter. Pinpoint Asset Management Ltd purchased a new stake in shares of Zillow Group in the 3rd quarter valued at $95,000. Finally, Maryland State Retirement & Pension System acquired a new position in Zillow Group during the 2nd quarter worth about $202,000. 20.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ZG shares. Barclays boosted their target price on shares of Zillow Group from $36.00 to $50.00 and gave the company an “underweight” rating in a research report on Friday, November 8th. The Goldman Sachs Group upped their target price on Zillow Group from $42.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. DA Davidson lifted their price target on Zillow Group from $71.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Canaccord Genuity Group increased their price target on shares of Zillow Group from $56.00 to $64.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Finally, Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $50.00 to $80.00 in a report on Monday, September 16th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Zillow Group currently has an average rating of “Moderate Buy” and an average target price of $69.65.

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.