Jeremy Hofmann Sells 5,377 Shares of Zillow Group, Inc. (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:Z) CFO Jeremy Hofmann sold 5,377 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $68.66, for a total value of $369,184.82. Following the completion of the sale, the chief financial officer now directly owns 105,440 shares in the company, valued at $7,239,510.40. This represents a 4.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, May 16th, Jeremy Hofmann sold 7,959 shares of Zillow Group stock. The stock was sold at an average price of $68.98, for a total value of $549,011.82.

Zillow Group Stock Up 2.3%

Shares of NASDAQ Z opened at $69.81 on Friday. The business has a 50-day moving average price of $67.29 and a 200 day moving average price of $73.91. The stock has a market cap of $16.93 billion, a PE ratio of -148.53, a price-to-earnings-growth ratio of 9.24 and a beta of 2.23. Zillow Group, Inc. has a 52-week low of $39.05 and a 52-week high of $89.39.

Institutional Investors Weigh In On Zillow Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC grew its position in shares of Zillow Group by 4.7% during the first 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 last quarter. Great Lakes Advisors LLC acquired a new stake in Zillow Group during the 1st quarter worth $6,082,000. Fred Alger Management LLC purchased a new position in Zillow Group during the 1st quarter worth $475,000. Nissay Asset Management Corp Japan ADV grew its position in Zillow Group by 4.6% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 19,250 shares of the financial services provider’s stock worth $1,320,000 after purchasing an additional 839 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in Zillow Group by 57.5% in the first quarter. Alliancebernstein L.P. now owns 345,153 shares of the financial services provider’s stock valued at $23,664,000 after purchasing an additional 126,069 shares during the period. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on Z. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Keefe, Bruyette & Woods reduced their price objective on shares of Zillow Group from $80.00 to $76.00 and set a “market perform” rating on the stock in a report on Wednesday, May 7th. Wedbush reaffirmed an “outperform” rating and set a $100.00 price objective on shares of Zillow Group in a research report on Monday, May 5th. William Blair began coverage on Zillow Group in a report on Monday, April 21st. They issued a “market perform” rating on the stock. Finally, Wells Fargo & Company upgraded Zillow Group to a “hold” rating in a research note on Monday, April 28th. Eight analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Zillow Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.71.

About Zillow Group

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.