Zillow Group (NASDAQ:Z) Now Covered by Keefe, Bruyette & Woods

Keefe, Bruyette & Woods began coverage on shares of Zillow Group (NASDAQ:Z) in a report published on Friday morning, Marketbeat.com reports. The brokerage issued a market perform rating and a $80.00 price target on the financial services provider’s stock.

Several other research firms have also weighed in on Z. Wedbush restated an “outperform” rating and set a $100.00 target price on shares of Zillow Group in a report on Wednesday, February 12th. KeyCorp raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Morgan Stanley upped their target price on shares of Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Finally, Baird R W raised shares of Zillow Group to a “hold” rating in a research note on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $81.71.

Zillow Group Trading Down 2.3 %

Shares of NASDAQ:Z opened at $68.74 on Friday. Zillow Group has a 12-month low of $38.45 and a 12-month high of $89.39. The stock’s 50-day moving average price is $77.28 and its two-hundred day moving average price is $72.96. The firm has a market cap of $16.67 billion, a price-to-earnings ratio of -146.26, a PEG ratio of 9.24 and a beta of 2.27.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. As a group, research analysts forecast that Zillow Group will post 0.32 earnings per share for the current fiscal year.

Insider Buying and Selling at Zillow Group

In related news, insider Errol G. Samuelson sold 2,854 shares of the stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total value of $209,312.36. Following the completion of the transaction, the insider now directly owns 142,636 shares of the company’s stock, valued at $10,460,924.24. This represents a 1.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Jun Choo sold 55,000 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $78.18, for a total value of $4,299,900.00. Following the transaction, the chief operating officer now owns 86,853 shares of the company’s stock, valued at $6,790,167.54. This trade represents a 38.77 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 98,919 shares of company stock worth $7,869,478. 23.76% of the stock is owned by insiders.

Hedge Funds Weigh In On Zillow Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in shares of Zillow Group by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,538,709 shares of the financial services provider’s stock valued at $113,941,000 after purchasing an additional 11,727 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Zillow Group during the fourth quarter worth approximately $7,375,000. Vinva Investment Management Ltd acquired a new position in Zillow Group in the fourth quarter worth approximately $1,187,000. Donoghue Forlines LLC acquired a new position in Zillow Group in the fourth quarter worth approximately $1,932,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Zillow Group by 18.5% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,114 shares of the financial services provider’s stock valued at $3,267,000 after buying an additional 6,900 shares in the last quarter. 71.01% of the stock is owned by institutional investors.

Zillow Group Company Profile

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.