Zillow Group, Inc. (NASDAQ:ZG) CFO Sells $612,458.00 in Stock

Zillow Group, Inc. (NASDAQ:ZG) CFO Jeremy Hofmann sold 7,175 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $85.36, for a total value of $612,458.00. Following the completion of the transaction, the chief financial officer now owns 99,362 shares in the company, valued at approximately $8,481,540.32. This trade represents a 6.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, 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 shares were sold at an average price of $73.96, for a total value of $347,759.92.

Zillow Group Stock Down 1.0 %

ZG stock opened at $81.53 on Friday. The stock has a market cap of $19.04 billion, a PE ratio of -144.44 and a beta of 2.02. The firm’s 50-day simple moving average is $65.22 and its 200 day simple moving average is $53.84. Zillow Group, Inc. has a fifty-two week low of $38.06 and a fifty-two week high of $83.67. 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 (NASDAQ:ZG) last announced its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. The company had revenue of $581.00 million for the quarter, compared to analyst estimates of $555.45 million. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. Zillow Group’s revenue was up 17.1% compared to the same quarter last year. During the same quarter last year, the business earned ($0.12) earnings per share. As a group, sell-side analysts predict that Zillow Group, Inc. will post -0.33 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ZG. Benchmark raised their price target on shares of Zillow Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Royal Bank of Canada raised their price objective on shares of Zillow Group from $66.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Cantor Fitzgerald restated a “neutral” rating and issued a $47.00 target price on shares of Zillow Group in a research note on Monday, October 7th. Canaccord Genuity Group lifted their price target on Zillow Group from $56.00 to $64.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. Finally, JMP Securities upped their price objective on Zillow Group from $62.00 to $82.00 and gave the company a “market outperform” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.65.

Institutional Trading of Zillow Group

Hedge funds have recently added to or reduced their stakes in the business. Cynosure Group LLC acquired a new position in shares of Zillow Group during the third quarter valued at $12,248,000. Mirabella Financial Services LLP bought a new position in Zillow Group in the 3rd quarter valued at about $11,351,000. Philadelphia Financial Management of San Francisco LLC acquired a new position in Zillow Group during the 3rd quarter valued at about $9,813,000. Virtu Financial LLC raised its position in shares of Zillow Group by 132.1% during the 3rd quarter. Virtu Financial LLC now owns 208,773 shares of the technology company’s stock worth $12,929,000 after buying an additional 118,830 shares in the last quarter. Finally, CreativeOne Wealth LLC lifted its stake in shares of Zillow Group by 164.4% in the 3rd quarter. CreativeOne Wealth LLC now owns 179,700 shares of the technology company’s stock worth $11,129,000 after acquiring an additional 111,743 shares during the period. Institutional investors own 20.32% of the company’s stock.

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.