Zillow Group (NASDAQ:Z) CFO Sells 5,661 Shares

Zillow Group, Inc. (NASDAQ:Z) CFO Jeremy Hofmann sold 5,661 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $34.18, for a total transaction of $193,492.98. Following the sale, the chief financial officer directly owned 59,144 shares of the company’s stock, valued at $2,021,541.92. This represents a 8.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 Thursday, August 13th, Jeremy Hofmann sold 3,510 shares of Zillow Group stock. The stock was sold at an average price of $34.24, for a total transaction of $120,182.40.

Zillow Group Stock Down 3.0%

Z traded down $1.06 on Monday, reaching $33.72. 5,034,691 shares of the company traded hands, compared to its average volume of 4,238,369. The company has a market cap of $7.72 billion, a P/E ratio of 153.28, a price-to-earnings-growth ratio of 1.51 and a beta of 1.98. Zillow Group, Inc. has a one year low of $29.23 and a one year high of $93.88. The firm has a fifty day simple moving average of $32.91 and a two-hundred day simple moving average of $40.19.

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

Analyst Ratings Changes

Z has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft decreased their target price on Zillow Group from $80.00 to $68.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Zacks Research lowered Zillow Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Sanford C. Bernstein downgraded Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Royal Bank Of Canada lowered their price objective on shares of Zillow Group from $95.00 to $70.00 and set an “outperform” rating for the company in a research note on Wednesday, June 10th. Finally, Weiss Ratings cut shares of Zillow Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 22nd. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $66.75.

Institutional Trading of Zillow Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Empowered Funds LLC lifted its stake in shares of Zillow Group by 4.7% in the 1st quarter. Empowered Funds LLC now owns 3,822 shares of the financial services provider’s stock worth $262,000 after acquiring an additional 171 shares during the period. CIBC Asset Management Inc raised its holdings in Zillow Group by 3.0% during the fourth quarter. CIBC Asset Management Inc now owns 7,550 shares of the financial services provider’s stock worth $515,000 after purchasing an additional 220 shares in the last quarter. B. Metzler seel. Sohn & Co. AG lifted its holdings in shares of Zillow Group by 6.9% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 3,923 shares of the financial services provider’s stock valued at $268,000 after buying an additional 252 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of Zillow Group by 0.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 55,410 shares of the financial services provider’s stock worth $4,269,000 after purchasing an additional 259 shares in the last quarter. Finally, Motley Fool Asset Management LLC increased its holdings in Zillow Group by 7.2% in the fourth quarter. Motley Fool Asset Management LLC now owns 4,194 shares of the financial services provider’s stock valued at $286,000 after buying an additional 281 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.