Insider Buy Mega Buy ($1M+) New Position June 7, 2024

Hoag Jay C purchased ~$100M in Zillow Group, Inc. Class C stock

Zillow Group, Inc. Class C (Z)  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

90-day return

+25.8%

vs SPY +3.3%

Z price after insider trade by Hoag Jay C

Insider

Hoag Jay C

Role

Transaction

Open-Market Purchase

Approx. Value

~$100M

Trade Date

Jun 7, 2024

Company

Zillow Group, Inc. Class C

Ticker

Z

Source

SEC EDGAR Form 4

Very Strong conviction signal

Scored in the top tier across multiple factors. Fewer than 5% of insider trades receive this rating.

~$100M purchase

Trades over $1M are rare. When insiders put this much of their own money on the line, they tend to have high conviction in their company's direction.

+25.8% in 90 days (S&P 500: +3.3%)

This trade beat the S&P 500 by 22.5 percentage points over 90 days. We track performance on every insider trade so you can see who consistently outperforms.

HJ

How good is Hoag Jay C at picking stocks?

Full track record: win rate, average return, and performance vs S&P 500

See track record

On June 7, 2024, Hoag Jay C — a corporate insider at Zillow Group, Inc. Class C — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$100M in Zillow Group, Inc. Class C (Z) stock.

Under Section 16(a) of the Securities Exchange Act of 1934, corporate insiders must report all open-market stock transactions to the SEC within two business days. These filings — known as Form 4s — are publicly available on the SEC's EDGAR database. VeritySignals filters and scores the full Form 4 stream to surface high-conviction signals like this one.

In the 90 days following this trade, Z returned +25.8% versus +3.3% for the S&P 500 over the same period.

Full Conviction Analysis

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All data sourced from publicly available SEC Form 4 filings via EDGAR · Not financial advice · Past performance does not guarantee future results.

Signal strength Very Strong
Trade size ~$100M
Insider role Insider
90-day return +25.8%
vs S&P 500 +22.5%

What is this?

When company executives buy or sell their own stock, they must report it to the SEC within 2 days. These public filings reveal what the people who know the company best are doing with their own money.

Why does it matter?

Insiders can sell for many reasons (taxes, diversification, expenses), but they generally only buy for one: they think the stock is going up. That's why insider purchases are more predictive than sales.

What makes a trade "strong"?

We score trades on 15+ factors: the insider's role (CEO > director), trade size relative to their salary, whether other insiders also bought (clusters), and historical accuracy of the insider.

Read our full methodology →

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