Insider Selling: Zillow Group, Inc. (NASDAQ:ZG) CFO Sells 1,612 Shares of Stock

Zillow Group, Inc. (NASDAQ:ZG) CFO Jeremy Hofmann sold 1,612 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $84.98, for a total transaction of $136,987.76. Following the completion of the transaction, the chief financial officer now directly owns 99,362 shares in the company, valued at $8,443,782.76. The trade was a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, January 30th, Jeremy Hofmann sold 23,388 shares of Zillow Group stock. The shares were sold at an average price of $84.98, for a total transaction of $1,987,512.24.
• 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 value 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 Trading Up 1.5 %

NASDAQ ZG traded up $1.17 during trading hours on Thursday, reaching $80.93. The company’s stock had a trading volume of 279,223 shares, compared to its average volume of 377,143. Zillow Group, Inc. has a 52 week low of $38.06 and a 52 week high of $83.67. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. The stock has a market cap of $18.90 billion, a P/E ratio of -141.98, a P/E/G ratio of 10.31 and a beta of 2.09. The firm has a fifty day simple moving average of $75.55 and a 200-day simple moving average of $63.47.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. The company had revenue of $581.00 million for the quarter, compared to analysts’ expectations of $555.45 million. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. Zillow Group’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.12) earnings per share. Equities analysts forecast that Zillow Group, Inc. will post -0.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on ZG. Evercore ISI upped their price target on shares of Zillow Group from $55.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. The Goldman Sachs Group raised their target price on shares of Zillow Group from $42.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Canaccord Genuity Group boosted their price target on Zillow Group from $64.00 to $86.00 and gave the company a “hold” rating in a research note on Monday, December 2nd. Piper Sandler raised their price objective on Zillow Group from $73.00 to $93.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Royal Bank of Canada upped their target price on Zillow Group from $66.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $74.06.

Institutional Trading of Zillow Group

Institutional investors have recently bought and sold shares of the company. Allworth Financial LP lifted its holdings in shares of Zillow Group by 585.5% in the 4th quarter. Allworth Financial LP now owns 3,112 shares of the technology company’s stock worth $237,000 after purchasing an additional 2,658 shares in the last quarter. ABC Arbitrage SA bought a new stake in shares of Zillow Group during the fourth quarter worth about $1,265,000. Vontobel Holding Ltd. raised its holdings in shares of Zillow Group by 4.9% in the 4th quarter. Vontobel Holding Ltd. now owns 17,208 shares of the technology company’s stock worth $1,219,000 after acquiring an additional 801 shares during the last quarter. MFG Wealth Management Inc. bought a new position in Zillow Group in the 4th quarter valued at about $2,119,000. Finally, Hartline Investment Corp lifted its position in Zillow Group by 16.2% in the 4th quarter. Hartline Investment Corp now owns 72,691 shares of the technology company’s stock valued at $5,150,000 after acquiring an additional 10,154 shares in the last quarter. Institutional investors own 20.32% of the company’s stock.

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.