Zillow Group, Inc. (NASDAQ:Z) CFO Jeremy Hofmann Sells 4,702 Shares

Zillow Group, Inc. (NASDAQ:Z) CFO Jeremy Hofmann sold 4,702 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $73.96, for a total transaction of $347,759.92. Following the completion of the transaction, the chief financial officer now directly owns 106,537 shares of the company’s stock, valued at $7,879,476.52. This trade represents a 4.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through 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 shares were sold at an average price of $56.89, for a total value of $407,047.95.

Zillow Group Trading Down 1.7 %

Shares of Z stock traded down $1.27 during trading hours on Friday, hitting $73.04. 2,931,536 shares of the company were exchanged, compared to its average volume of 3,765,898. The firm has a market cap of $16.90 billion, a P/E ratio of -128.14 and a beta of 1.95. Zillow Group, Inc. has a fifty-two week low of $37.63 and a fifty-two week high of $76.69. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. The company has a 50 day simple moving average of $63.22 and a two-hundred day simple moving average of $52.84.

Hedge Funds Weigh In On Zillow Group

A number of large investors have recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in shares of Zillow Group by 2.4% in the 3rd quarter. Brighton Jones LLC now owns 6,953 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 166 shares in the last quarter. Arkadios Wealth Advisors lifted its holdings in shares of Zillow Group by 0.5% in the 3rd quarter. Arkadios Wealth Advisors now owns 41,430 shares of the financial services provider’s stock worth $2,645,000 after purchasing an additional 198 shares in the last quarter. Doliver Advisors LP lifted its holdings in shares of Zillow Group by 3.3% in the 3rd quarter. Doliver Advisors LP now owns 9,681 shares of the financial services provider’s stock worth $618,000 after purchasing an additional 310 shares in the last quarter. Blue Trust Inc. lifted its holdings 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 worth $50,000 after purchasing an additional 313 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its stake in Zillow Group by 5.5% during the 3rd quarter. CIBC Asset Management Inc now owns 6,076 shares of the financial services provider’s stock valued at $388,000 after acquiring an additional 318 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Craig Hallum raised Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $50.00 to $80.00 in a research note on Monday, September 16th. Morgan Stanley upped their price objective on Zillow Group from $46.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Cantor Fitzgerald raised Zillow Group to a “hold” rating in a research note on Thursday, September 5th. Finally, UBS Group raised shares of Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Four 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $70.33.

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.