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

Zillow Group, Inc. (NASDAQ:Z) CFO Jeremy Hofmann sold 1,612 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total value of $136,987.76. Following the completion of the transaction, the chief financial officer now directly owns 99,362 shares of the company’s stock, valued at approximately $8,443,782.76. The trade was a 1.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 value 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 transaction 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 transaction of $347,759.92.

Zillow Group Trading Down 2.0 %

Shares of Z stock opened at $82.22 on Friday. The firm has a 50 day moving average of $78.64 and a 200-day moving average of $66.11. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a 52 week low of $38.45 and a 52 week high of $86.88.

Institutional Investors Weigh In On Zillow Group

A number of large investors have recently bought and sold shares of Z. FMR LLC raised its holdings in shares of Zillow Group by 179.5% during the third quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock valued at $325,337,000 after purchasing an additional 3,272,118 shares during the period. Groupama Asset Managment acquired a new position in Zillow Group during the 3rd quarter worth approximately $83,005,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Zillow Group in the third quarter worth approximately $38,310,000. Bridgewater Associates LP grew its stake in Zillow Group by 428.2% in the third quarter. Bridgewater Associates LP now owns 523,772 shares of the financial services provider’s stock valued at $33,443,000 after acquiring an additional 424,615 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in shares of Zillow Group by 8,162.8% during the third quarter. International Assets Investment Management LLC now owns 246,397 shares of the financial services provider’s stock valued at $15,732,000 after acquiring an additional 243,415 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on Z shares. Morgan Stanley increased their price objective on Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. 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. Finally, Jefferies Financial Group raised their price target on shares of Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $72.83.

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.