Zillow Group, Inc. (NASDAQ:Z) CFO Jeremy Hofmann Sells 7,155 Shares

Zillow Group, Inc. (NASDAQ:Z) CFO Jeremy Hofmann sold 7,155 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $56.89, for a total value of $407,047.95. Following the sale, the chief financial officer now directly owns 111,239 shares in the company, valued at $6,328,386.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, August 14th, Jeremy Hofmann sold 4,729 shares of Zillow Group stock. The stock was sold at an average price of $52.85, for a total value of $249,927.65.

Zillow Group Stock Performance

Shares of Z stock opened at $55.87 on Friday. The company has a market capitalization of $13.20 billion, a P/E ratio of -80.97 and a beta of 1.98. The business’s 50 day moving average is $49.84 and its two-hundred day moving average is $48.22. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a 12-month low of $33.80 and a 12-month high of $61.13.

Zillow Group (NASDAQ:Z) last released its earnings results on Wednesday, August 7th. The financial services provider reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.13. The business had revenue of $572.00 million for the quarter, compared to the consensus estimate of $539.74 million. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. Analysts expect that Zillow Group, Inc. will post -0.33 EPS for the current fiscal year.

Hedge Funds Weigh In On Zillow Group

Several hedge funds and other institutional investors have recently made changes to their positions in Z. Garde Capital Inc. increased its holdings in shares of Zillow Group by 60.0% in the second quarter. Garde Capital Inc. now owns 310,247 shares of the financial services provider’s stock valued at $14,392,000 after purchasing an additional 116,340 shares during the last quarter. Quarry LP acquired a new stake in shares of Zillow Group in the second quarter valued at approximately $61,000. Creative Planning increased its holdings in shares of Zillow Group by 29.4% in the second quarter. Creative Planning now owns 18,581 shares of the financial services provider’s stock valued at $862,000 after purchasing an additional 4,217 shares during the last quarter. Algert Global LLC acquired a new stake in shares of Zillow Group in the second quarter valued at approximately $564,000. Finally, Scientech Research LLC acquired a new stake in shares of Zillow Group in the second quarter valued at approximately $315,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. JPMorgan Chase & Co. dropped their target price on Zillow Group from $65.00 to $61.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft raised their target price on Zillow Group from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research report on Thursday, August 8th. Wedbush reiterated a “neutral” rating and set a $50.00 price target on shares of Zillow Group in a research report on Thursday, August 8th. Finally, UBS Group upgraded Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Zillow Group has a consensus rating of “Moderate Buy” and an average price target of $57.20.

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.