Zillow Group Inc (NASDAQ:Z), a leading online real estate marketplace, recently experienced a notable insider transaction. Jeremy Hofmann, the company’s Chief Financial Officer, sold 7,155 shares on August 28, 2024. The transaction was filed with the SEC and can be viewed in detail here.
Following this sale, the insider now owns 111,239 shares of Zillow Group Inc. The shares were sold at a price of $56.89, giving the transaction a value of approximately $407,000. This sale is part of a broader pattern observed over the past year, when the insider sold a total of 51,004 shares.
Zillow Group Inc operates an online platform that connects buyers, sellers, and renters with real estate professionals in the United States. The platform offers a range of real estate and home-related information, including buying, selling, renting, financing, and home improvement.
The company’s market capitalization was $12.93 billion as of last trading day, reflecting its significant presence in the online real estate market.
Over the past year, there have been a total of 54 insider sales and only 1 insider purchase at Zillow Group Inc., indicating a general trend of insider selling. This pattern can be an important indicator for potential investors.
In terms of valuation, Zillow Group Inc. is currently trading at a Price to GF Value ratio of 1.2, which suggests that the stock is slightly overvalued. GF Value, a measure of intrinsic value, is calculated at $47.43 based on historical trading multiples, an adjustment factor from GuruFocus, and future business development estimates from analysts.
To get a more comprehensive picture of the stock’s current trading situation, investors can also look at other valuation metrics such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio and price-to-free cash flow ratio.
This insider sale, along with the company’s valuation metrics and market performance, provide important data for investors considering Zillow Group Inc. for their investment portfolio.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
