Zillow Group (NASDAQ:Z) CFO Jeremy Hofmann Sells 3,671 Shares

Zillow Group, Inc. (NASDAQ:Z) CFO Jeremy Hofmann sold 3,671 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $37.93, for a total value of $139,241.03. Following the completion of the transaction, the chief financial officer directly owned 73,816 shares in the company, valued at $2,799,840.88. The trade was a 4.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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, May 18th, Jeremy Hofmann sold 5,501 shares of Zillow Group stock. The stock was sold at an average price of $37.40, for a total value of $205,737.40.
• 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 Down 1.3%

NASDAQ:Z traded down $0.49 during trading hours on Monday, hitting $37.17. 4,276,990 shares of the stock were exchanged, compared to its average volume of 4,084,120. The company’s 50 day moving average is $42.97 and its two-hundred day moving average is $57.12. Zillow Group, Inc. has a twelve month low of $36.76 and a twelve month high of $93.88. The company has a market capitalization of $8.50 billion, a P/E ratio of 148.68, a price-to-earnings-growth ratio of 1.76 and a beta of 2.07.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate 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 $705.10 million. On average, equities research analysts expect that Zillow Group, Inc. will post 0.82 EPS for the current year.

Wall Street Analyst Weigh In

Z has been the subject of several recent research reports. Wall Street Zen upgraded shares of Zillow Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Zacks Research upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 6th. Barclays upgraded shares of Zillow Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 29th. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 11th. Finally, Zelman & Associates upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. Three investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $79.75.

Institutional Trading of Zillow Group

A number of large investors have recently made changes to their positions in Z. Root Financial Partners LLC bought a new position in Zillow Group during the 3rd quarter worth about $27,000. Pilgrim Partners Asia Pte Ltd bought a new position in Zillow Group during the 3rd quarter worth about $29,000. V Square Quantitative Management LLC bought a new position in Zillow Group during the 4th quarter worth about $28,000. Cullen Frost Bankers Inc. increased its holdings in Zillow Group by 58.6% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 441 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 163 shares in the last quarter. Finally, Pittenger & Anderson Inc. increased its holdings in Zillow Group by 32.8% during the 3rd quarter. Pittenger & Anderson Inc. now owns 546 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 135 shares in the last quarter. Institutional investors own 71.01% of the company’s stock.

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.