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 the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $73.96, for a total transaction of $347,759.92. Following the sale, the chief financial officer now directly owns 106,537 shares of the company’s stock, valued at approximately $7,879,476.52. This represents a 4.23 % 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, 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 transaction of $407,047.95.

Zillow Group Trading Down 1.8 %

Shares of NASDAQ ZG opened at $70.73 on Monday. The business has a 50 day simple moving average of $61.58 and a 200 day simple moving average of $51.66. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. Zillow Group, Inc. has a 52 week low of $36.38 and a 52 week high of $73.89.

Zillow Group (NASDAQ:ZG) last posted its earnings results on Wednesday, November 6th. The technology company reported $0.35 EPS for the quarter, topping the consensus estimate 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 net margin of 6.17% and a negative return on equity of 2.33%. The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.12) earnings per share. As a group, sell-side analysts forecast that Zillow Group, Inc. will post -0.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on ZG. Susquehanna increased their target price on shares of Zillow Group from $55.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Benchmark upped their price target on shares of Zillow Group from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Piper Sandler restated an “overweight” rating and issued a $73.00 price target (up previously from $62.00) on shares of Zillow Group in a research report on Thursday, November 7th. The Goldman Sachs Group upped their price target on shares of Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Evercore ISI upped their price target on shares of Zillow Group from $55.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $67.17.

Hedge Funds Weigh In On Zillow Group

Several institutional investors have recently bought and sold shares of the stock. Future Financial Wealth Managment LLC bought a new position in shares of Zillow Group in the 3rd quarter valued at approximately $29,000. EntryPoint Capital LLC bought a new position in shares of Zillow Group in the 1st quarter valued at approximately $53,000. GAMMA Investing LLC raised its stake in shares of Zillow Group by 86.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock valued at $75,000 after acquiring an additional 561 shares in the last quarter. Pinpoint Asset Management Ltd bought a new position in shares of Zillow Group in the 3rd quarter valued at approximately $95,000. Finally, Signaturefd LLC increased its position in Zillow Group by 29.7% in the 2nd quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock worth $71,000 after buying an additional 360 shares during the period. 20.32% of the stock is currently owned by institutional investors.

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.