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

Zillow Group, Inc. (NASDAQ:Z) CFO Jeremy Hofmann sold 7,175 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $85.36, for a total transaction of $612,458.00. Following the transaction, the chief financial officer now owns 99,362 shares of the company’s stock, valued at approximately $8,481,540.32. The trade was a 6.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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 Trading Up 0.7 %

NASDAQ:Z opened at $85.45 on Friday. Zillow Group, Inc. has a 1-year low of $38.45 and a 1-year high of $86.37. The business’s 50-day moving average price is $67.09 and its two-hundred day moving average price is $55.31. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on Z. Jefferies Financial Group boosted their price target on Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Morgan Stanley boosted their price objective on Zillow Group from $46.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research note on Thursday, November 7th. Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $50.00 to $80.00 in a research note on Monday, September 16th. Finally, Cantor Fitzgerald raised shares of Zillow Group to a “hold” rating in a report on Thursday, September 5th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $70.33.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co lifted its holdings in Zillow Group by 13.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 60,256 shares of the financial services provider’s stock worth $2,942,000 after acquiring an additional 6,977 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Zillow Group by 5.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 89,263 shares of the financial services provider’s stock valued at $4,355,000 after buying an additional 4,830 shares in the last quarter. SVB Wealth LLC acquired a new position in shares of Zillow Group in the first quarter valued at approximately $393,000. Plato Investment Management Ltd increased its position in shares of Zillow Group by 1,336.8% during the first quarter. Plato Investment Management Ltd now owns 10,345 shares of the financial services provider’s stock worth $505,000 after acquiring an additional 9,625 shares in the last quarter. Finally, Swedbank AB acquired a new stake in shares of Zillow Group during the first quarter worth $9,103,000. 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.