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

Zillow Group, Inc. (NASDAQ:Z) CFO Jeremy Hofmann sold 7,175 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $85.36, for a total transaction of $612,458.00. Following the transaction, the chief financial officer now directly owns 99,362 shares in the company, valued at $8,481,540.32. This represents a 6.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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 value of $347,759.92.

Zillow Group Price Performance

Z traded up $0.60 on Wednesday, reaching $85.45. The stock had a trading volume of 2,113,892 shares, compared to its average volume of 3,752,254. The firm has a 50-day moving average of $66.69 and a 200-day moving average of $55.09. Zillow Group, Inc. has a fifty-two week low of $38.45 and a fifty-two week high of $86.37. The company has a market capitalization of $19.96 billion, a price-to-earnings ratio of -148.86 and a beta of 1.95. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Larson Financial Group LLC increased its stake in shares of Zillow Group by 364.4% in the second quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock valued at $28,000 after buying an additional 481 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its position in Zillow Group by 400.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 400 shares during the period. V Square Quantitative Management LLC bought a new position in Zillow Group during the 3rd quarter worth approximately $35,000. Blue Trust Inc. lifted its position 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 during the period. Finally, Quarry LP bought a new stake in shares of Zillow Group in the 2nd quarter valued at $61,000. Institutional investors own 71.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on Z shares. Bank of America upped their price objective on shares of Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Cantor Fitzgerald upgraded shares of Zillow Group to a “hold” rating in a research report on Thursday, September 5th. UBS Group upgraded shares of Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Morgan Stanley raised their target price on Zillow Group from $46.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Zillow Group from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus 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.