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

Zillow Group, Inc. (NASDAQ:Z) CFO Jeremy Hofmann sold 7,175 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $85.36, for a total transaction of $612,458.00. Following the completion of 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through 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 stock was sold at an average price of $73.96, for a total value of $347,759.92.

Zillow Group Trading Up 0.7 %

NASDAQ:Z opened at $85.45 on Thursday. The company has a 50 day simple moving average of $66.69 and a two-hundred day simple moving average of $55.09. The company has a market cap of $19.96 billion, a PE ratio of -149.91 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. Zillow Group, Inc. has a 12 month low of $38.45 and a 12 month high of $86.37.

Institutional Trading of Zillow Group

Hedge funds have recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in Zillow Group by 2.4% during the third quarter. Brighton Jones LLC now owns 6,953 shares of the financial services provider’s stock valued at $444,000 after buying an additional 166 shares during the last quarter. Arkadios Wealth Advisors grew its position in shares of Zillow Group by 0.5% during the 3rd quarter. Arkadios Wealth Advisors now owns 41,430 shares of the financial services provider’s stock valued at $2,645,000 after acquiring an additional 198 shares during the period. Doliver Advisors LP increased its stake 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. raised its holdings in 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, CIBC Asset Management Inc lifted its position in Zillow Group by 5.5% during the third quarter. CIBC Asset Management Inc now owns 6,076 shares of the financial services provider’s stock valued at $388,000 after purchasing an additional 318 shares in the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Wall Street Analyst Weigh In

Z has been the topic of several analyst reports. Craig Hallum raised Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Cantor Fitzgerald raised shares of Zillow Group to a “hold” rating in a research report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Zillow Group from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and raised their price target for the company from $50.00 to $80.00 in a research report on Monday, September 16th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Zillow Group currently has a consensus rating of “Moderate Buy” and a consensus target price 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.