Insider Selling: Zillow Group (NASDAQ:Z) CFO Sells 7,865 Shares of Stock

Zillow Group, Inc. (NASDAQ:Z) CFO Jeremy Hofmann sold 7,865 shares of the business’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $69.53, for a total value of $546,853.45. Following the sale, the chief financial officer owned 70,811 shares in the company, valued at approximately $4,923,488.83. The trade was a 10.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Wednesday, November 12th, Jeremy Hofmann sold 5,470 shares of Zillow Group stock. The stock was sold at an average price of $71.13, for a total transaction of $389,081.10.
• On Monday, September 8th, Jeremy Hofmann sold 25,000 shares of Zillow Group stock. The shares were sold at an average price of $89.99, for a total transaction of $2,249,750.00.

Zillow Group Stock Performance

Shares of NASDAQ:Z traded down $1.57 during mid-day trading on Friday, hitting $68.80. The stock had a trading volume of 3,766,893 shares, compared to its average volume of 2,754,949. The company’s 50 day moving average is $77.63 and its 200-day moving average is $75.64. Zillow Group, Inc. has a 12-month low of $57.51 and a 12-month high of $93.88. The company has a market cap of $16.65 billion, a PE ratio of -491.39, a P/E/G ratio of 28.32 and a beta of 2.10.

Zillow Group (NASDAQ:Z) last announced its earnings results on Thursday, October 30th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.02). The firm had revenue of $729.00 million for the quarter, compared to analyst estimates of $670.28 million. Zillow Group had a negative net margin of 1.29% and a negative return on equity of 0.56%. Zillow Group has set its Q4 2025 guidance at EPS. On average, equities research analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Hedge Funds Weigh In On Zillow Group

Several hedge funds have recently bought and sold shares of Z. Vanguard Group Inc. lifted its position in shares of Zillow Group by 0.3% in the third quarter. Vanguard Group Inc. now owns 23,073,862 shares of the financial services provider’s stock worth $1,777,841,000 after buying an additional 71,336 shares during the last quarter. Independent Franchise Partners LLP raised its stake in shares of Zillow Group by 2.5% in the 1st quarter. Independent Franchise Partners LLP now owns 11,153,697 shares of the financial services provider’s stock valued at $764,697,000 after acquiring an additional 271,084 shares in the last quarter. Capital World Investors lifted its holdings in Zillow Group by 7.8% in the 3rd quarter. Capital World Investors now owns 10,635,008 shares of the financial services provider’s stock worth $819,427,000 after purchasing an additional 769,944 shares during the last quarter. Ninety One UK Ltd boosted its position in Zillow Group by 2.0% during the third quarter. Ninety One UK Ltd now owns 4,825,287 shares of the financial services provider’s stock worth $371,788,000 after purchasing an additional 93,339 shares during the period. Finally, Eminence Capital LP boosted its position in Zillow Group by 63.6% during the second quarter. Eminence Capital LP now owns 3,978,731 shares of the financial services provider’s stock worth $278,710,000 after purchasing an additional 1,546,577 shares during the period. 71.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on Z. Keefe, Bruyette & Woods lowered their target price on Zillow Group from $85.00 to $80.00 and set a “market perform” rating on the stock in a research note on Monday, November 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zillow Group in a research report on Wednesday, October 8th. Sanford C. Bernstein upgraded shares of Zillow Group from a “market perform” rating to an “outperform” rating and set a $105.00 price objective on the stock in a research note on Wednesday, September 17th. Bank of America lifted their target price on shares of Zillow Group from $81.00 to $88.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Finally, Gordon Haskett upgraded Zillow Group to a “strong-buy” rating in a report on Friday, October 3rd. Three analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $91.14.

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.