Jeremy Hofmann Sells 5,538 Shares of Zillow Group (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) CFO Jeremy Hofmann sold 5,538 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $44.22, for a total value of $244,890.36. Following the completion of the transaction, the chief financial officer owned 65,273 shares of the company’s stock, valued at $2,886,372.06. This represents a 7.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• 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 Stock Performance

Shares of ZG opened at $44.92 on Thursday. The firm has a market cap of $10.87 billion, a P/E ratio of 499.17, a PEG ratio of 2.46 and a beta of 2.04. Zillow Group, Inc. has a twelve month low of $42.25 and a twelve month high of $90.22. The firm’s 50 day moving average price is $63.13 and its two-hundred day moving average price is $71.09.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The company had revenue of $654.00 million for the quarter, compared to analyst estimates of $650.40 million. Zillow Group had a return on equity of 0.56% and a net margin of 0.89%.The company’s revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 earnings per share. On average, sell-side analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ZG. KeyCorp decreased their price objective on Zillow Group from $90.00 to $75.00 and set an “overweight” rating for the company in a report on Friday, February 6th. BNP Paribas Exane started coverage on shares of Zillow Group in a research note on Wednesday, January 14th. They set an “outperform” rating and a $85.00 price target for the company. JPMorgan Chase & Co. increased their target price on shares of Zillow Group from $94.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Wells Fargo & Company lowered their price target on shares of Zillow Group from $73.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 10th. Finally, Sanford C. Bernstein cut their price target on shares of Zillow Group from $105.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, January 12th. Fourteen investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $78.05.

Key Zillow Group News

Here are the key news stories impacting Zillow Group this week:

• Positive Sentiment: Company fundamentals: Zillow reported revenue up ~18% year‑over‑year and modestly beat revenue estimates in its most recent quarter (EPS slightly missed). Continued top‑line growth helps justify analyst buy-side views and keeps longer‑term upside on the table.
• Neutral Sentiment: Routine disclosure: All insider sales were disclosed via SEC Form 4 filings with no accompanying company guidance changes or public explanation — many such sales are for diversification or tax/liquidity needs rather than signaling corporate trouble. Example Insider Form 4
• Negative Sentiment: CEO selling: CEO Jeremy Wacksman sold a combined ~18,390 shares across Feb. 12 and Feb. 17 at roughly $44.20 average (~$813.5k proceeds), reducing his reported ownership — executive‑level sales at this scale can weigh on near‑term sentiment. CEO Form 4
• Negative Sentiment: CFO selling: CFO Jeremy Hofmann sold additional shares (including a Feb. 18 sale of 7,786 shares at ~$43.73), trimming his stake ~11.9% from pre‑sale levels — another senior sale that could be read negatively by investors. CFO Form 4 (Feb. 18)
• Negative Sentiment: Director/insider selling: Dan Spaulding sold ~9,262 shares across Feb. 12 and Feb. 17 at an average just over $44, lowering his holding to ~41k shares — adds to the cluster of leadership selling. Director Form 4

Institutional Trading of Zillow Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in ZG. Smartleaf Asset Management LLC lifted its stake in Zillow Group by 78.9% in the third quarter. Smartleaf Asset Management LLC now owns 424 shares of the technology company’s stock valued at $33,000 after acquiring an additional 187 shares during the last quarter. Arax Advisory Partners raised its holdings in shares of Zillow Group by 402.3% in the 4th quarter. Arax Advisory Partners now owns 442 shares of the technology company’s stock valued at $30,000 after purchasing an additional 354 shares during the period. First Command Advisory Services Inc. acquired a new stake in Zillow Group in the 4th quarter valued at about $34,000. Kestra Advisory Services LLC bought a new position in Zillow Group during the fourth quarter worth about $47,000. Finally, Quarry LP acquired a new position in Zillow Group during the fourth quarter worth approximately $56,000. 20.32% of the stock is owned by institutional investors.

About Zillow Group

Zillow Group (NASDAQ:ZG) is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.

Zillow’s core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.