Zillow Group, Inc. (NASDAQ:Z) CFO Jeremy Hofmann Sells 4,702 Shares

Zillow Group, Inc. (NASDAQ:Z) CFO Jeremy Hofmann sold 4,702 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $73.96, for a total transaction of $347,759.92. Following the transaction, the chief financial officer now directly owns 106,537 shares of the company’s stock, valued at $7,879,476.52. This represents a 4.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, August 28th, Jeremy Hofmann sold 7,155 shares of Zillow Group stock. The shares were sold at an average price of $56.89, for a total value of $407,047.95.

Zillow Group Stock Down 1.7 %

Z opened at $73.04 on Friday. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a 12 month low of $37.63 and a 12 month high of $76.69. The firm’s fifty day simple moving average is $63.61 and its 200 day simple moving average is $53.05.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Zillow Group from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $50.00 to $80.00 in a report on Monday, September 16th. Cantor Fitzgerald upgraded shares of Zillow Group to a “hold” rating in a research note on Thursday, September 5th. Morgan Stanley lifted their target price on shares of Zillow Group from $46.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. Finally, Craig Hallum raised shares of Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Four analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $70.33.

Institutional Investors Weigh In On Zillow Group

Several institutional investors have recently bought and sold shares of the company. abrdn plc grew its position in Zillow Group by 98.0% in the third quarter. abrdn plc now owns 48,990 shares of the financial services provider’s stock valued at $3,128,000 after purchasing an additional 24,247 shares in the last quarter. Prudential PLC acquired a new position in Zillow Group during the second quarter worth approximately $474,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Zillow Group by 32.1% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 85,233 shares of the financial services provider’s stock valued at $4,158,000 after acquiring an additional 20,729 shares during the period. Empowered Funds LLC raised its position in shares of Zillow Group by 14.6% in the first quarter. Empowered Funds LLC now owns 4,752 shares of the financial services provider’s stock valued at $232,000 after purchasing an additional 606 shares during the period. Finally, Entropy Technologies LP bought a new position in Zillow Group in the 3rd quarter valued at about $1,370,000. Institutional investors own 71.01% of the company’s stock.

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.