Insider Selling: Zillow Group (NASDAQ:Z) CFO Sells $120,182.40 in Stock

Zillow Group, Inc. (NASDAQ:Z) CFO Jeremy Hofmann sold 3,510 shares of Zillow Group stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $34.24, for a total transaction of $120,182.40. Following the transaction, the chief financial officer owned 64,805 shares in the company, valued at $2,218,923.20. The trade was a 5.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Monday, August 17th, Jeremy Hofmann sold 5,661 shares of Zillow Group stock. The shares were sold at an average price of $34.18, for a total value of $193,492.98.

Zillow Group Price Performance

Shares of Z opened at $36.58 on Thursday. Zillow Group, Inc. has a 12 month low of $29.23 and a 12 month high of $93.88. The stock’s 50-day moving average is $32.92 and its two-hundred day moving average is $39.52. The stock has a market cap of $8.23 billion, a PE ratio of 166.28, a P/E/G ratio of 1.50 and a beta of 1.98.

Zillow Group (NASDAQ:Z) last announced its earnings results on Wednesday, August 5th. The financial services provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.45 by $0.07. The business had revenue of $772.00 million for the quarter, compared to the consensus estimate of $758.10 million. Zillow Group had a return on equity of 2.32% and a net margin of 1.96%. On average, research analysts anticipate that Zillow Group, Inc. will post 0.89 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Zacks Research lowered shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Morgan Stanley set a $60.00 target price on Zillow Group in a research report on Thursday, August 6th. Wall Street Zen cut Zillow Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Royal Bank Of Canada decreased their price target on shares of Zillow Group from $95.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday, June 10th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Zillow Group from $37.00 to $34.00 and set a “market perform” rating for the company in a research note on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $66.75.

Hedge Funds Weigh In On Zillow Group

A number of hedge funds have recently bought and sold shares of Z. IFC & Insurance Marketing Inc. bought a new stake in Zillow Group in the fourth quarter valued at about $68,000. SBI Okasan Asset Management Co.Ltd. acquired a new stake in Zillow Group during the fourth quarter valued at approximately $71,000. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its holdings in Zillow Group by 34.5% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,170 shares of the financial services provider’s stock worth $80,000 after buying an additional 300 shares during the last quarter. Advisory Services Network LLC bought a new position in Zillow Group during the 3rd quarter worth approximately $99,000. Finally, Leonteq Securities AG grew its position in shares of Zillow Group by 627.0% in the 1st quarter. Leonteq Securities AG now owns 1,345 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 1,160 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Zillow Group Company Profile

Zillow Group, Inc is an online real estate marketplace company that operates a portfolio of consumer-facing websites and mobile apps designed to connect buyers, sellers, renters, homeowners and real estate professionals. The company’s platforms aggregate property listings, rental listings, and related information to help users search for homes, estimate property values and connect with agents and service providers. Zillow generates revenue primarily through advertising and lead-generation services for real estate professionals, property managers and mortgage lenders.

Key products and services include the Zillow and Trulia consumer websites and apps, which provide searchable listings, photos, neighborhood data and the company’s automated home valuation tool known as the “Zestimate.” Zillow also offers a rentals marketplace, a mortgage marketplace and tools for home buying and selling such as Zillow Premier Agent for agent advertising and leads, as well as ancillary services designed to support transactions, including closing and title-related offerings.