Zillow Group (NASDAQ:Z) CFO Sells 5,470 Shares

Zillow Group, Inc. (NASDAQ:Z) CFO Jeremy Hofmann sold 5,470 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $71.13, for a total value of $389,081.10. Following the transaction, the chief financial officer owned 78,676 shares of the company’s stock, valued at approximately $5,596,223.88. This trade represents a 6.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Friday, November 14th, Jeremy Hofmann sold 7,865 shares of Zillow Group stock. The stock was sold at an average price of $69.53, for a total value of $546,853.45.
• 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 value of $2,249,750.00.

Zillow Group Price Performance

NASDAQ:Z traded down $1.57 during trading hours on Friday, reaching $68.80. 3,766,893 shares of the stock were exchanged, compared to its average volume of 2,754,949. The stock has a market cap of $16.65 billion, a PE ratio of -491.39, a PEG ratio of 28.32 and a beta of 2.10. Zillow Group, Inc. has a twelve month low of $57.51 and a twelve month high of $93.88. The firm has a 50 day moving average of $77.63 and a 200 day moving average of $75.64.

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

Institutional Investors Weigh In On Zillow Group

Several institutional investors have recently modified their holdings of Z. Root Financial Partners LLC purchased a new stake in Zillow Group in the third quarter worth approximately $27,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Zillow Group in the 3rd quarter worth $29,000. IFP Advisors Inc grew its holdings in shares of Zillow Group by 288.9% in the first quarter. IFP Advisors Inc now owns 455 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 338 shares during the period. TD Private Client Wealth LLC grew its holdings in shares of Zillow Group by 352.0% in the second quarter. TD Private Client Wealth LLC now owns 452 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 352 shares during the period. Finally, Cullen Frost Bankers Inc. lifted its holdings in Zillow Group by 58.6% in the third quarter. Cullen Frost Bankers Inc. now owns 441 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 163 shares during the period. 71.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on Z shares. Sanford C. Bernstein upgraded Zillow Group from a “market perform” rating to an “outperform” rating and set a $105.00 target price for the company in a research note on Wednesday, September 17th. Bank of America raised their price target on Zillow Group from $81.00 to $88.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Zillow Group in a report on Wednesday, October 8th. Mizuho upgraded shares of Zillow Group to a “strong-buy” rating in a research note on Monday, September 29th. Finally, JPMorgan Chase & Co. increased their price target on shares of Zillow Group from $94.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Zillow Group currently has a consensus rating of “Moderate Buy” and an average price target 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.