Jeremy Hofmann Sells 23,388 Shares of Zillow Group, Inc. (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:Z - Get Free Report) CFO Jeremy Hofmann sold 23,388 shares of the business's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $84.98, for a total value of $1,987,512.24. Following the completion of the transaction, the chief financial officer now owns 99,362 shares of the company's stock, valued at $8,443,782.76. This represents a 19.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, January 28th, Jeremy Hofmann sold 1,612 shares of Zillow Group stock. The stock was sold at an average price of $84.98, for a total transaction of $136,987.76.
• On Wednesday, November 27th, Jeremy Hofmann sold 7,175 shares of Zillow Group stock. The shares were sold at an average price of $85.36, for a total transaction of $612,458.00.
• 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 Stock Up 0.0 %

NASDAQ:Z traded up $0.04 during mid-day trading on Monday, hitting $82.26. 3,384,241 shares of the company's stock traded hands, compared to its average volume of 2,363,754. The company has a market capitalization of $19.21 billion, a P/E ratio of -144.32, a P/E/G ratio of 11.41 and a beta of 2.03. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. The company has a fifty day moving average of $78.60 and a 200 day moving average of $66.50. Zillow Group, Inc. has a twelve month low of $38.45 and a twelve month high of $86.88.

Institutional Trading of Zillow Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Zillow Group by 400.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 400 shares during the period. V Square Quantitative Management LLC purchased a new stake in shares of Zillow Group during the third quarter worth $35,000. Blue Trust Inc. raised its position in shares of Zillow Group by 66.3% in the third quarter. Blue Trust Inc. now owns 785 shares of the financial services provider's stock valued at $50,000 after buying an additional 313 shares during the last quarter. Quarry LP purchased a new position in shares of Zillow Group in the second quarter worth about $61,000. Finally, Brooklyn Investment Group acquired a new position in Zillow Group during the third quarter worth about $74,000. 71.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on Z. Morgan Stanley upped their target price on shares of Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a report on Monday, January 13th. Bank of America increased their target price on Zillow Group from $54.00 to $71.00 and gave the stock a "neutral" rating in a research report on Friday, October 18th. Jefferies Financial Group lifted their target price on Zillow Group from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Baird R W upgraded shares of Zillow Group to a "hold" rating in a research report on Friday. Finally, Needham & Company LLC restated a "hold" rating on shares of Zillow Group in a research report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Zillow Group presently has an average rating of "Moderate Buy" and a consensus target price of $72.83.

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.