Key Points
- CFO Jeremy Hofmann sold 7,786 shares on Feb. 18 at an average price of $43.73 for about $340,482, reducing his stake by ~11.9% to 57,487 shares (worth ≈$2.51M).
- Cluster of senior insider sales: CEO Jeremy Wacksman sold ~18,390 shares (~$813.5k) across Feb. 12–17 and director Dan Spaulding sold ~9,262 shares, actions that could weigh on near‑term investor sentiment.
- Company context: Zillow’s revenue rose ~18% year‑over‑year and slightly beat revenue estimates while EPS missed ($0.39 vs. $0.42); the stock trades near its one‑year low, carries a very high P/E, and has an average analyst rating of "Moderate Buy" with a $78.05 target.
Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) CFO Jeremy Hofmann sold 7,786 shares of Zillow Group stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $43.73, for a total value of $340,481.78. Following the sale, the chief financial officer directly owned 57,487 shares in the company, valued at $2,513,906.51. The trade was a 11.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
Jeremy Hofmann also recently made the following trade(s):
- On Thursday, February 12th, Jeremy Hofmann sold 5,538 shares of Zillow Group stock. The stock was sold at an average price of $44.22, for a total value of $244,890.36.
Zillow Group Price Performance
Shares of ZG stock opened at $44.92 on Thursday. Zillow Group, Inc. has a one year low of $42.25 and a one year high of $90.22. The stock's fifty day simple moving average is $63.13 and its 200 day simple moving average is $71.09. The firm has a market cap of $10.87 billion, a price-to-earnings ratio of 499.17, a P/E/G ratio of 2.46 and a beta of 2.04.
Zillow Group (NASDAQ:ZG - Get Free Report) last announced its earnings results 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). The firm 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 for the quarter was up 18.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.27 EPS. On average, research analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of research firms have commented on ZG. Benchmark reissued a "buy" rating on shares of Zillow Group in a research note on Wednesday, February 11th. KeyCorp lowered their price objective on Zillow Group from $90.00 to $75.00 and set an "overweight" rating for the company in a research report on Friday, February 6th. Sanford C. Bernstein dropped their price objective on Zillow Group from $105.00 to $95.00 and set an "outperform" rating for the company in a report on Monday, January 12th. Susquehanna set a $50.00 price target on shares of Zillow Group in a research report on Thursday, February 12th. Finally, Robert W. Baird set a $67.00 price objective on shares of Zillow Group in a report on Wednesday, February 11th. Fourteen equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Zillow Group has an average rating of "Moderate Buy" and an average price target of $78.05.
Get Our Latest Analysis on Zillow Group
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of ZG. Norges Bank bought a new stake in shares of Zillow Group during the 2nd quarter worth approximately $159,770,000. Independent Franchise Partners LLP increased its holdings in Zillow Group by 1.1% during the fourth quarter. Independent Franchise Partners LLP now owns 2,024,556 shares of the technology company's stock worth $138,135,000 after buying an additional 21,862 shares during the last quarter. M&T Bank Corp raised its position in Zillow Group by 38,344.0% during the fourth quarter. M&T Bank Corp now owns 1,604,270 shares of the technology company's stock worth $120,092,000 after acquiring an additional 1,600,097 shares in the last quarter. Tiger Global Management LLC lifted its stake in Zillow Group by 30.7% in the fourth quarter. Tiger Global Management LLC now owns 1,023,733 shares of the technology company's stock valued at $69,849,000 after acquiring an additional 240,690 shares during the last quarter. Finally, UBS Group AG grew its position in shares of Zillow Group by 44.5% in the 4th quarter. UBS Group AG now owns 1,018,448 shares of the technology company's stock valued at $69,489,000 after acquiring an additional 313,643 shares during the period. 20.32% of the stock is currently owned by institutional investors.
Zillow Group News Roundup
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
Zillow Group Company Profile
(
Get Free Report)
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.
Further Reading
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