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

Zillow Group, Inc. (NASDAQ:Z) CFO Jeremy Hofmann sold 7,175 shares of the firm’s stock in a transaction dated 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 directly owns 99,362 shares in the company, valued at approximately $8,481,540.32. The trade was a 6.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 transaction of $347,759.92.

Zillow Group Stock Performance

NASDAQ:Z opened at $85.45 on Thursday. 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 firm’s fifty day simple moving average is $66.69 and its 200 day simple moving average is $55.09. The stock has a market cap of $19.96 billion, a P/E ratio of -149.91 and a beta of 1.95. Zillow Group, Inc. has a twelve month low of $38.45 and a twelve month high of $86.37.

Analysts Set New Price Targets

A number of research firms recently commented on Z. UBS Group raised Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Craig Hallum raised Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft upped their target price on Zillow Group from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Cantor Fitzgerald raised shares of Zillow Group to a “hold” rating in a research note on Thursday, September 5th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $70.33.

Institutional Investors Weigh In On Zillow Group

A number of large investors have recently modified their holdings of Z. Larson Financial Group LLC raised its stake in Zillow Group by 364.4% in the second quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock worth $28,000 after buying an additional 481 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Zillow Group by 400.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 400 shares during the period. V Square Quantitative Management LLC bought a new position in shares of Zillow Group in the 3rd quarter worth approximately $35,000. Blue Trust Inc. lifted its stake in shares of Zillow Group by 66.3% in the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 313 shares during the period. Finally, Quarry LP bought a new stake in shares of Zillow Group during the second quarter valued at approximately $61,000. Institutional investors own 71.01% 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.