Insider Selling: Zillow Group, Inc. (NASDAQ:ZG) CFO Sells 7,175 Shares of Stock

Zillow Group, Inc. (NASDAQ:ZG) CFO Jeremy Hofmann sold 7,175 shares of the 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $73.96, for a total value of $347,759.92.

Zillow Group Stock Performance

Shares of ZG stock traded up $0.46 during trading hours on Wednesday, hitting $82.33. The stock had a trading volume of 304,340 shares, compared to its average volume of 622,956. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. The firm has a market capitalization of $19.23 billion, a PE ratio of -143.12 and a beta of 2.02. The stock’s 50 day moving average is $64.50 and its 200 day moving average is $53.44. Zillow Group, Inc. has a twelve month low of $38.06 and a twelve month high of $83.25.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. The firm had revenue of $581.00 million during the quarter, compared to analysts’ expectations of $555.45 million. During the same quarter in the prior year, the business earned ($0.12) EPS. Zillow Group’s quarterly revenue was up 17.1% compared to the same quarter last year. As a group, research analysts forecast that Zillow Group, Inc. will post -0.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zillow Group

Several hedge funds have recently modified their holdings of the stock. Future Financial Wealth Managment LLC purchased a new position in Zillow Group during the 3rd quarter worth $29,000. Signaturefd LLC increased its stake in shares of Zillow Group by 29.7% during the second quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock worth $71,000 after acquiring an additional 360 shares during the period. GAMMA Investing LLC raised its holdings in Zillow Group by 86.7% during the third quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock worth $75,000 after purchasing an additional 561 shares in the last quarter. Pinpoint Asset Management Ltd acquired a new stake in Zillow Group in the third quarter valued at about $95,000. Finally, Maryland State Retirement & Pension System purchased a new stake in Zillow Group in the 2nd quarter valued at approximately $202,000. 20.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on ZG. UBS Group upped their price target on Zillow Group from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group raised their target price on shares of Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Royal Bank of Canada boosted their price target 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. Susquehanna lifted their price objective on shares of Zillow Group from $55.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Finally, JMP Securities increased their target price on Zillow Group from $62.00 to $82.00 and gave the company a “market outperform” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.65.

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.