Insider Selling: Zillow Group, Inc. (NASDAQ:ZG) CFO Sells 1,612 Shares of Stock

Zillow Group, Inc. (NASDAQ:ZG) CFO Jeremy Hofmann sold 1,612 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $84.98, for a total transaction of $136,987.76. Following the completion of the transaction, the chief financial officer now owns 99,362 shares of the company’s stock, valued at $8,443,782.76. The trade was a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, January 30th, Jeremy Hofmann sold 23,388 shares of Zillow Group stock. The shares were sold at an average price of $84.98, for a total transaction of $1,987,512.24.
• On Wednesday, November 27th, Jeremy Hofmann sold 7,175 shares of Zillow Group stock. The stock was 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 stock was sold at an average price of $73.96, for a total value of $347,759.92.

Zillow Group Stock Up 1.5 %

Shares of ZG stock opened at $80.93 on Friday. The business’s 50 day simple moving average is $75.59 and its 200 day simple moving average is $63.59. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a one year low of $38.06 and a one year high of $83.67.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. The company had revenue of $581.00 million during the quarter, compared to analysts’ expectations of $555.45 million. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. Zillow Group’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.12) earnings per share. As a group, equities analysts anticipate that Zillow Group, Inc. will post -0.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on ZG shares. DA Davidson lifted their target price on Zillow Group from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Susquehanna upped their price objective on shares of Zillow Group from $55.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Cantor Fitzgerald restated a “neutral” rating and issued a $47.00 target price on shares of Zillow Group in a research report on Monday, October 7th. Royal Bank of Canada upped their price target on shares of Zillow Group from $66.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Canaccord Genuity Group raised their price objective on Zillow Group from $64.00 to $86.00 and gave the company a “hold” rating in a report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, Zillow Group currently has an average rating of “Moderate Buy” and an average price target of $74.06.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Future Financial Wealth Managment LLC acquired a new position in shares of Zillow Group during the 3rd quarter valued at $29,000. Blue Trust Inc. increased its stake in Zillow Group by 70.2% in the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock valued at $30,000 after purchasing an additional 172 shares in the last quarter. Asset Dedication LLC acquired a new position in shares of Zillow Group during the fourth quarter valued at about $47,000. Versant Capital Management Inc bought a new position in shares of Zillow Group during the 4th quarter worth about $72,000. Finally, GAMMA Investing LLC boosted its position in shares of Zillow Group by 86.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock worth $75,000 after purchasing an additional 561 shares in the last quarter. 20.32% of the stock is owned by institutional investors and hedge funds.

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.