Insider Selling: Zillow Group (NASDAQ:Z) CFO Sells $139,241.03 in Stock

Zillow Group, Inc. (NASDAQ:Z) CFO Jeremy Hofmann sold 3,671 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $37.93, for a total value of $139,241.03. Following the completion of the transaction, the chief financial officer directly owned 73,816 shares of the company’s stock, valued at $2,799,840.88. The trade was a 4.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Jeremy Hofmann also recently made the following trade(s):

• On Monday, May 18th, Jeremy Hofmann sold 5,501 shares of Zillow Group stock. The shares were sold at an average price of $37.40, for a total value of $205,737.40.
• On Wednesday, February 18th, Jeremy Hofmann sold 7,786 shares of Zillow Group stock. The shares were sold at an average price of $43.73, for a total value of $340,481.78.

Zillow Group Trading Up 1.3%

Shares of NASDAQ:Z opened at $36.47 on Thursday. The business has a 50 day moving average of $42.41 and a two-hundred day moving average of $56.35. The company has a market capitalization of $8.34 billion, a PE ratio of 145.88, a PEG ratio of 1.54 and a beta of 2.07. Zillow Group, Inc. has a 12-month low of $34.70 and a 12-month high of $93.88.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.10. The business had revenue of $708.00 million during the quarter, compared to the consensus estimate of $705.10 million. Zillow Group had a net margin of 2.27% and a return on equity of 1.41%. Equities research analysts predict that Zillow Group, Inc. will post 0.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Zacks Research raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft reduced their target price on Zillow Group from $80.00 to $68.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Weiss Ratings raised Zillow Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. UBS Group reduced their target price on Zillow Group from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Finally, Barclays raised Zillow Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 29th. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $77.00.

Institutional Trading of Zillow Group

A number of hedge funds have recently bought and sold shares of the business. Centaurus Financial Inc. acquired a new stake in Zillow Group in the 1st quarter valued at about $166,000. Arkadios Wealth Advisors raised its holdings in Zillow Group by 47.3% in the 1st quarter. Arkadios Wealth Advisors now owns 54,209 shares of the financial services provider’s stock valued at $2,243,000 after acquiring an additional 17,408 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Zillow Group by 283.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,414 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 1,045 shares during the last quarter. Royal Bank of Canada raised its holdings in Zillow Group by 39.7% in the 1st quarter. Royal Bank of Canada now owns 169,350 shares of the financial services provider’s stock valued at $7,007,000 after acquiring an additional 48,102 shares during the last quarter. Finally, Emmett Investment Management LP raised its holdings in Zillow Group by 353.9% in the 1st quarter. Emmett Investment Management LP now owns 96,236 shares of the financial services provider’s stock valued at $3,897,000 after acquiring an additional 75,036 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Zillow Group Company Profile

Zillow Group, Inc is an online real estate marketplace company that operates a portfolio of consumer-facing websites and mobile apps designed to connect buyers, sellers, renters, homeowners and real estate professionals. The company’s platforms aggregate property listings, rental listings, and related information to help users search for homes, estimate property values and connect with agents and service providers. Zillow generates revenue primarily through advertising and lead-generation services for real estate professionals, property managers and mortgage lenders.

Key products and services include the Zillow and Trulia consumer websites and apps, which provide searchable listings, photos, neighborhood data and the company’s automated home valuation tool known as the “Zestimate.” Zillow also offers a rentals marketplace, a mortgage marketplace and tools for home buying and selling such as Zillow Premier Agent for agent advertising and leads, as well as ancillary services designed to support transactions, including closing and title-related offerings.