Zillow Group (NASDAQ:Z) CFO Jeremy Hofmann Sells 3,671 Shares

Zillow Group, Inc. (NASDAQ:Z) CFO Jeremy Hofmann sold 3,671 shares of Zillow Group 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 completion of the sale, the chief financial officer owned 73,816 shares of the company’s stock, valued at $2,799,840.88. This trade represents a 4.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 Stock Down 1.3%

Shares of Zillow Group stock opened at $37.17 on Tuesday. Zillow Group, Inc. has a twelve month low of $36.76 and a twelve month high of $93.88. The company has a 50-day simple moving average of $42.79 and a two-hundred day simple moving average of $56.85. The stock has a market capitalization of $8.50 billion, a price-to-earnings ratio of 148.68, a price-to-earnings-growth ratio of 1.76 and a beta of 2.07.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.10. Zillow Group had a net margin of 2.27% and a return on equity of 1.41%. The business had revenue of $708.00 million during the quarter, compared to analysts’ expectations of $705.10 million. On average, sell-side analysts anticipate that Zillow Group, Inc. will post 0.82 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on Z. JPMorgan Chase & Co. dropped their price objective 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. Zelman & Associates upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. Keefe, Bruyette & Woods dropped their target price on shares of Zillow Group from $60.00 to $50.00 and set a “market perform” rating for the company in a research report on Thursday, May 7th. Weiss Ratings upgraded shares of Zillow Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Finally, Zacks Research upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 6th. Three equities 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $79.75.

Institutional Investors Weigh In On Zillow Group

A number of large investors have recently modified their holdings of Z. M&T Bank Corp acquired a new stake in shares of Zillow Group in the 4th quarter valued at $196,677,000. Scge Management L.P. acquired a new stake in shares of Zillow Group in the 3rd quarter valued at $133,990,000. L1 Capital Pty Ltd boosted its holdings in shares of Zillow Group by 24,803.7% in the 4th quarter. L1 Capital Pty Ltd now owns 1,729,313 shares of the financial services provider’s stock valued at $117,974,000 after purchasing an additional 1,722,369 shares in the last quarter. Tiger Global Management LLC boosted its holdings in shares of Zillow Group by 21.7% in the 1st quarter. Tiger Global Management LLC now owns 7,368,957 shares of the financial services provider’s stock valued at $304,927,000 after purchasing an additional 1,312,000 shares in the last quarter. Finally, Soma Equity Partners LP boosted its holdings in shares of Zillow Group by 389.5% in the 3rd quarter. Soma Equity Partners LP now owns 1,468,492 shares of the financial services provider’s stock valued at $113,147,000 after purchasing an additional 1,168,492 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Key Headlines Impacting Zillow Group

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

• Positive Sentiment: Zillow highlighted Providence as the hottest rental market for summer 2026, which keeps the company in the spotlight and supports its brand as a leading housing data and analytics platform. Article: Summer 2026’s hottest rental market? Zillow says Providence
• Neutral Sentiment: Insider trading disclosures showed CFO Jeremy Hofmann and insider Dan Spaulding sold shares, but the transactions were made under pre-arranged 10b5-1 plans and were tied to tax withholding on equity vesting, which may limit the negative signal.
• Negative Sentiment: News that MRED may disrupt listing data feeds to Zillow raises a potential operational risk, since access to fresh listing inventory is critical to Zillow’s traffic and marketplace value. Article: MRED Announces Potential Disruption to Listing Data Feeds to Zillow Group
• Negative Sentiment: Separately, a report says Zillow faces an antitrust trial, adding legal uncertainty around its listing transparency practices and the company’s longer-term valuation narrative. Article: Zillow Faces Antitrust Trial As Listing Transparency Shapes Valuation Story

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.