Zillow Group, Inc. (NASDAQ:Z) CFO Jeremy Hofmann Sells 8,562 Shares

Zillow Group, Inc. (NASDAQ:ZGet Free Report) CFO Jeremy Hofmann sold 8,562 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $39.05, for a total transaction of $334,346.10. Following the completion of the transaction, the chief financial officer now directly owns 123,123 shares of the company’s stock, valued at approximately $4,807,953.15. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

  • On Wednesday, May 15th, Jeremy Hofmann sold 5,662 shares of Zillow Group stock. The stock was sold at an average price of $44.22, for a total transaction of $250,373.64.
  • On Friday, March 15th, Jeremy Hofmann sold 7,813 shares of Zillow Group stock. The stock was sold at an average price of $54.76, for a total transaction of $427,839.88.

Zillow Group Stock Down 1.2 %

Z traded down $0.49 during trading on Wednesday, hitting $39.27. The stock had a trading volume of 2,821,922 shares, compared to its average volume of 3,843,084. The company has a market capitalization of $9.28 billion, a PE ratio of -56.91 and a beta of 1.79. Zillow Group, Inc. has a twelve month low of $33.80 and a twelve month high of $61.13. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.32 and a current ratio of 3.32. The stock has a 50 day simple moving average of $44.40 and a two-hundred day simple moving average of $49.48.

Zillow Group (NASDAQ:ZGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The financial services provider reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.36 by ($0.42). Zillow Group had a negative return on equity of 2.28% and a negative net margin of 7.93%. The company had revenue of $529.00 million for the quarter, compared to analyst estimates of $509.30 million. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. On average, research analysts predict that Zillow Group, Inc. will post -0.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wedbush reduced their target price on shares of Zillow Group from $60.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research report on Thursday, May 2nd. Jefferies Financial Group raised their target price on shares of Zillow Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Zillow Group from $65.00 to $61.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Zillow Group presently has a consensus rating of “Hold” and a consensus target price of $56.20.

View Our Latest Stock Report on Zillow Group

Institutional Investors Weigh In On Zillow Group

Several institutional investors and hedge funds have recently made changes to their positions in Z. Vanguard Group Inc. lifted its position in Zillow Group by 0.8% during the first quarter. Vanguard Group Inc. now owns 21,313,573 shares of the financial services provider’s stock valued at $1,039,676,000 after purchasing an additional 176,449 shares during the period. Capital World Investors lifted its position in Zillow Group by 2.8% during the first quarter. Capital World Investors now owns 8,846,232 shares of the financial services provider’s stock valued at $431,519,000 after purchasing an additional 238,554 shares during the period. FMR LLC lifted its position in Zillow Group by 203.1% during the third quarter. FMR LLC now owns 3,450,713 shares of the financial services provider’s stock valued at $159,285,000 after purchasing an additional 2,312,241 shares during the period. Eminence Capital LP lifted its position in Zillow Group by 11.9% during the third quarter. Eminence Capital LP now owns 3,085,268 shares of the financial services provider’s stock valued at $142,416,000 after purchasing an additional 329,191 shares during the period. Finally, Ninety One UK Ltd lifted its position in Zillow Group by 29.4% during the fourth quarter. Ninety One UK Ltd now owns 1,899,383 shares of the financial services provider’s stock valued at $109,898,000 after purchasing an additional 431,070 shares during the period. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Zillow Group Company Profile

(Get Free Report)

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.

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