Zillow Group, Inc. (NASDAQ:ZG) CFO Sells $347,759.92 in 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 stock was 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 directly owns 106,537 shares in the company, valued at approximately $7,879,476.52. This represents 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 at the SEC website.

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

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

Zillow Group Trading Down 1.8 %

Zillow Group stock opened at $70.73 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. The business’s fifty day moving average is $61.58 and its two-hundred day moving average is $51.66. Zillow Group, Inc. has a 52 week low of $36.38 and a 52 week high of $73.89.

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 company had revenue of $581.00 million during the quarter, compared to the consensus estimate of $555.45 million. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The firm’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.12) earnings per share. On average, equities analysts forecast that Zillow Group, Inc. will post -0.33 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ZG shares. Barclays lifted their price objective on Zillow Group from $36.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. Cantor Fitzgerald reissued a “neutral” rating and set a $47.00 price objective on shares of Zillow Group in a report on Monday, October 7th. Evercore ISI lifted their price objective on Zillow Group from $55.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Craig Hallum lifted their price objective on Zillow Group from $55.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Susquehanna boosted their price target on Zillow Group from $55.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $67.17.

Institutional Investors Weigh In On Zillow Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new stake in shares of Zillow Group during the third quarter worth $29,000. EntryPoint Capital LLC bought a new stake in shares of Zillow Group during the first quarter worth $53,000. GAMMA Investing LLC raised its position in shares of Zillow Group by 86.7% during the third quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock worth $75,000 after acquiring an additional 561 shares during the last quarter. Pinpoint Asset Management Ltd bought a new stake in shares of Zillow Group during the third quarter worth $95,000. Finally, Signaturefd LLC raised 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 acquiring an additional 360 shares during the last quarter. Institutional investors 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.