Zillow Group, Inc. (NASDAQ:ZG) CFO Sells $369,184.82 in Stock

Zillow Group, Inc. (NASDAQ:ZG) CFO Jeremy Hofmann sold 5,377 shares of the business’s 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 sale, the chief financial officer now owns 105,440 shares in the company, valued at approximately $7,239,510.40. The trade was a 4.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

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

Zillow Group Trading Up 2.3%

NASDAQ ZG opened at $68.76 on Monday. The stock has a market capitalization of $16.68 billion, a price-to-earnings ratio of -146.30, a PEG ratio of 8.90 and a beta of 2.22. Zillow Group, Inc. has a twelve month low of $38.40 and a twelve month high of $86.58. The stock has a 50-day moving average of $66.00 and a 200 day moving average of $71.70.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.06). The business had revenue of $598.00 million during the quarter, compared to analyst estimates of $587.88 million. Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.36 EPS. Equities analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Hedge Funds Weigh In On Zillow Group

A number of large investors have recently bought and sold shares of ZG. JPMorgan Chase & Co. raised its holdings in Zillow Group by 155.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 33,258 shares of the technology company’s stock worth $2,060,000 after purchasing an additional 20,238 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Zillow Group by 28.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 24,738 shares of the technology company’s stock valued at $1,753,000 after acquiring an additional 5,539 shares during the last quarter. Avanza Fonder AB acquired a new position in shares of Zillow Group during the fourth quarter valued at approximately $234,000. Blue Trust Inc. raised its holdings in shares of Zillow Group by 70.2% during the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock valued at $30,000 after acquiring an additional 172 shares during the last quarter. Finally, Asset Dedication LLC acquired a new position in shares of Zillow Group during the fourth quarter valued at approximately $47,000. Institutional investors and hedge funds own 20.32% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Stephens reiterated an “overweight” rating and set a $73.00 price target on shares of Zillow Group in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods upgraded Zillow Group to a “hold” rating in a research note on Friday, March 28th. Benchmark decreased their price objective on Zillow Group from $110.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Barclays decreased their price objective on Zillow Group from $64.00 to $60.00 and set an “underweight” rating for the company in a report on Thursday, May 8th. Finally, Wells Fargo & Company initiated coverage on Zillow Group in a report on Monday, April 28th. They issued a “mixed” rating and a $62.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $81.80.

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.