Zillow Group (NASDAQ:ZG) CFO Jeremy Hofmann Sells 7,786 Shares of Stock

Zillow Group, Inc. (NASDAQ:ZG) CFO Jeremy Hofmann sold 7,786 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $43.73, for a total transaction of $340,481.78. Following the sale, the chief financial officer directly owned 57,487 shares in the company, valued at approximately $2,513,906.51. This trade represents a 11.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, February 12th, Jeremy Hofmann sold 5,538 shares of Zillow Group stock. The shares were sold at an average price of $44.22, for a total value of $244,890.36.

Zillow Group Stock Performance

Shares of ZG opened at $44.92 on Thursday. The company’s 50 day moving average price is $63.13 and its 200 day moving average price is $71.09. Zillow Group, Inc. has a 52 week low of $42.25 and a 52 week high of $90.22. The company has a market capitalization of $10.87 billion, a PE ratio of 499.17, a PEG ratio of 2.46 and a beta of 2.04.

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

Hedge Funds Weigh In On Zillow Group

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

Analysts Set New Price Targets

Several brokerages have commented on ZG. Sanford C. Bernstein lowered their price target on Zillow Group from $105.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, January 12th. Benchmark reiterated a “buy” rating on shares of Zillow Group in a research note on Wednesday, February 11th. BNP Paribas Exane assumed coverage on shares of Zillow Group in a research report on Wednesday, January 14th. They set an “outperform” rating and a $85.00 target price for the company. Barclays lowered their price target on Zillow Group from $72.00 to $66.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 11th. Finally, JPMorgan Chase & Co. boosted their price objective on Zillow Group from $94.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Fourteen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Zillow Group has a consensus rating of “Moderate Buy” and an average target price of $78.05.

Key Headlines Impacting Zillow Group

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

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.