Insider Selling: Zillow Group, Inc. (NASDAQ:Z) CFO Sells 8,168 Shares of Stock

Key Points

• Jeremy Hofmann, CFO of Zillow Group, sold 8,168 shares at an average price of $85.35, totaling $697,138.80, reducing his ownership by 8.85% to 84,146 shares valued at approximately $7.18 million.
• Zillow Group's stock price has fluctuated between a 52-week low of $52.45 and a high of $89.39, with recent trading down 0.2% at $85.11.
• A consensus target price for Zillow Group's stock is currently $88.29, with an average analyst rating of "Hold" from eight analysts.

Zillow Group, Inc. (NASDAQ:Z - Get Free Report) CFO Jeremy Hofmann sold 8,168 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $85.35, for a total transaction of $697,138.80. Following the completion of the transaction, the chief financial officer directly owned 84,146 shares in the company, valued at $7,181,861.10. This represents a 8.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• On Wednesday, August 13th, Jeremy Hofmann sold 5,167 shares of Zillow Group stock. The stock was sold at an average price of $81.49, for a total transaction of $421,058.83.

Zillow Group Trading Down 0.7%

NASDAQ:Z traded down $0.61 during mid-day trading on Monday, hitting $84.50. The stock had a trading volume of 1,551,254 shares, compared to its average volume of 2,675,033. The stock has a market capitalization of $20.47 billion, a price-to-earnings ratio of -325.00, a P/E/G ratio of 16.03 and a beta of 2.09. The company has a 50 day simple moving average of $75.96 and a 200-day simple moving average of $72.66. Zillow Group, Inc. has a 52 week low of $52.86 and a 52 week high of $89.39.

Hedge Funds Weigh In On Zillow Group

Several hedge funds have recently made changes to their positions in Z. Brighton Jones LLC increased its position in shares of Zillow Group by 2.5% in the second quarter. Brighton Jones LLC now owns 5,747 shares of the financial services provider's stock worth $403,000 after acquiring an additional 140 shares in the last quarter. Farther Finance Advisors LLC grew its position in Zillow Group by 25.1% during the second quarter. Farther Finance Advisors LLC now owns 792 shares of the financial services provider's stock valued at $55,000 after purchasing an additional 159 shares in the last quarter. True Vision MN LLC grew its position in Zillow Group by 2.1% during the second quarter. True Vision MN LLC now owns 7,760 shares of the financial services provider's stock valued at $544,000 after purchasing an additional 161 shares in the last quarter. DoubleLine ETF Adviser LP grew its position in Zillow Group by 1.5% during the fourth quarter. DoubleLine ETF Adviser LP now owns 10,868 shares of the financial services provider's stock valued at $805,000 after purchasing an additional 163 shares in the last quarter. Finally, Flynn Zito Capital Management LLC grew its position in Zillow Group by 4.5% during the first quarter. Flynn Zito Capital Management LLC now owns 3,856 shares of the financial services provider's stock valued at $264,000 after purchasing an additional 166 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company's stock.

Wall Street Analyst Weigh In

Z has been the subject of a number of research reports. William Blair initiated coverage on shares of Zillow Group in a report on Monday, April 21st. They issued a "market perform" rating for the company. Wedbush reiterated an "outperform" rating and set a $100.00 price target on shares of Zillow Group in a research note on Monday, May 5th. JPMorgan Chase & Co. boosted their price target on shares of Zillow Group from $79.00 to $94.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Bank of America boosted their price target on shares of Zillow Group from $81.00 to $88.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Finally, Wells Fargo & Company upgraded shares of Zillow Group to a "hold" rating in a research note on Monday, April 28th. Eight equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $88.29.

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.