Zillow Group (NASDAQ:ZG) CFO Jeremy Hofmann Sells 5,501 Shares

Zillow Group, Inc. (NASDAQ:ZG) CFO Jeremy Hofmann sold 5,501 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $37.40, for a total value of $205,737.40. Following the transaction, the chief financial officer owned 68,315 shares in the company, valued at $2,554,981. This trade represents a 7.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 Thursday, May 14th, Jeremy Hofmann sold 3,671 shares of Zillow Group stock. The stock was sold at an average price of $37.93, for a total value of $139,241.03.
• On Wednesday, February 18th, Jeremy Hofmann sold 7,786 shares of Zillow Group stock. The stock was sold at an average price of $43.73, for a total value of $340,481.78.

Zillow Group Stock Performance

ZG stock opened at $37.61 on Tuesday. Zillow Group, Inc. has a fifty-two week low of $37.26 and a fifty-two week high of $90.22. The business’s 50 day moving average price is $42.81 and its two-hundred day moving average price is $56.17. The company has a market capitalization of $8.61 billion, a price-to-earnings ratio of 150.44, a price-to-earnings-growth ratio of 1.78 and a beta of 2.04.

Zillow Group (NASDAQ:ZG) last posted its earnings results on Wednesday, May 6th. The technology company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.10. Zillow Group had a return on equity of 1.41% and a net margin of 2.27%.The firm had revenue of $708.00 million for the quarter, compared to the consensus estimate of $705.17 million. During the same quarter in the prior year, the business earned $0.41 EPS. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. Sell-side analysts forecast that Zillow Group, Inc. will post 0.82 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Zacks Research raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 10th. UBS Group dropped their price target on Zillow Group from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Royal Bank Of Canada reissued an “outperform” rating and issued a $95.00 price target on shares of Zillow Group in a research report on Tuesday, April 28th. The Goldman Sachs Group set a $53.00 price target on Zillow Group in a research report on Thursday, May 7th. Finally, Robert W. Baird dropped their price target on Zillow Group from $67.00 to $55.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 18th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $71.24.

Hedge Funds Weigh In On Zillow Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its position in Zillow Group by 183.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 984 shares of the technology company’s stock valued at $41,000 after acquiring an additional 637 shares in the last quarter. Empowered Funds LLC lifted its position in Zillow Group by 60.3% in the 1st quarter. Empowered Funds LLC now owns 10,060 shares of the technology company’s stock valued at $416,000 after acquiring an additional 3,784 shares in the last quarter. Quantinno Capital Management LP lifted its position in Zillow Group by 106.6% in the 1st quarter. Quantinno Capital Management LP now owns 176,052 shares of the technology company’s stock valued at $7,287,000 after acquiring an additional 90,858 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in Zillow Group by 4.7% in the 1st quarter. Public Employees Retirement System of Ohio now owns 15,433 shares of the technology company’s stock valued at $639,000 after acquiring an additional 699 shares in the last quarter. Finally, Caxton Associates LLP lifted its position in Zillow Group by 172.4% in the 1st quarter. Caxton Associates LLP now owns 40,115 shares of the technology company’s stock valued at $1,660,000 after acquiring an additional 25,386 shares in the last quarter. 20.32% of the stock is owned by institutional investors.

Zillow Group Company Profile

Zillow Group (NASDAQ:ZG) is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.

Zillow’s core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.