Zillow Group (NASDAQ:Z) CFO Sells $139,241.03 in Stock

Zillow Group, Inc. (NASDAQ:Z) CFO Jeremy Hofmann sold 3,671 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $37.93, for a total transaction of $139,241.03. Following the transaction, the chief financial officer owned 73,816 shares of the company’s stock, valued at approximately $2,799,840.88. This represents a 4.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 transaction 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 transaction of $340,481.78.

Zillow Group Trading Down 1.3%

Shares of Zillow Group stock traded down $0.49 during trading hours on Monday, reaching $37.17. 4,276,990 shares of the company’s stock were exchanged, compared to its average volume of 4,084,120. The company has a 50 day moving average of $42.97 and a two-hundred day moving average of $57.12. Zillow Group, Inc. has a fifty-two week low of $36.76 and a fifty-two week high of $93.88. The stock has a market cap of $8.50 billion, a P/E ratio of 148.68, a P/E/G 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 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.10. Zillow Group had a net margin of 2.27% and a return on equity of 1.41%. The company had revenue of $708.00 million during the quarter, compared to the consensus estimate of $705.10 million. As a group, analysts expect that Zillow Group, Inc. will post 0.82 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zillow Group

Hedge funds have recently bought and sold shares of the company. Root Financial Partners LLC acquired a new stake in Zillow Group in the 3rd quarter valued at about $27,000. V Square Quantitative Management LLC acquired a new stake in Zillow Group in the 4th quarter valued at about $28,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Zillow Group in the 3rd quarter valued at about $29,000. Cullen Frost Bankers Inc. lifted its stake in Zillow Group by 58.6% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 441 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 163 shares during the last quarter. Finally, Pittenger & Anderson Inc. lifted its stake in Zillow Group by 32.8% in the 3rd quarter. Pittenger & Anderson Inc. now owns 546 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 135 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Weiss Ratings upgraded shares of Zillow Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Keefe, Bruyette & Woods reduced their price objective on shares of Zillow Group from $60.00 to $50.00 and set a “market perform” rating for the company in a research note on Thursday, May 7th. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 11th. Wall Street Zen upgraded shares of Zillow Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, JPMorgan Chase & Co. cut their target price on shares of Zillow Group from $84.00 to $76.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Three research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $79.75.

About Zillow Group

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.