Zillow Group (NASDAQ:ZG) Rating Increased to Hold at Keefe, Bruyette & Woods

Zillow Group (NASDAQ:ZG) was upgraded by equities researchers at Keefe, Bruyette & Woods to a “hold” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

Several other research analysts also recently weighed in on ZG. KeyCorp dropped their target price on shares of Zillow Group from $95.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th. Canaccord Genuity Group raised their price objective on shares of Zillow Group from $64.00 to $86.00 and gave the stock a “hold” rating in a research note on Monday, December 2nd. Evercore ISI boosted their target price on shares of Zillow Group from $75.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Susquehanna raised their target price on Zillow Group from $75.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Finally, Bank of America lifted their price target on Zillow Group from $81.00 to $84.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $82.25.

Zillow Group Stock Performance

NASDAQ ZG opened at $67.20 on Friday. The stock has a market capitalization of $16.30 billion, a P/E ratio of -142.98, a P/E/G ratio of 8.90 and a beta of 2.33. The business’s fifty day moving average is $74.84 and its two-hundred day moving average is $70.57. Zillow Group has a 1 year low of $38.06 and a 1 year high of $86.58.

Zillow Group (NASDAQ:ZG) last announced its earnings results on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing the consensus estimate 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%. On average, research analysts forecast that Zillow Group will post 0.32 earnings per share for the current year.

Insider Transactions at Zillow Group

In related news, CFO Jeremy Hofmann sold 1,612 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total value of $136,987.76. Following the completion of the sale, the chief financial officer now directly owns 99,362 shares in the company, valued at approximately $8,443,782.76. The trade was a 1.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Errol G. Samuelson sold 6,967 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $541,475.24. Following the transaction, the insider now owns 127,467 shares in the company, valued at approximately $9,906,735.24. This trade represents a 5.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 98,919 shares of company stock worth $7,869,478 in the last 90 days. 17.14% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ZG. Bank of Montreal Can boosted its holdings in Zillow Group by 85.1% during the third quarter. Bank of Montreal Can now owns 140,252 shares of the technology company’s stock valued at $8,903,000 after acquiring an additional 64,473 shares during the period. PEAK6 Investments LLC acquired a new position in shares of Zillow Group during the 3rd quarter worth about $424,000. Walleye Capital LLC bought a new stake in Zillow Group during the 3rd quarter valued at approximately $212,000. Maven Securities LTD acquired a new stake in Zillow Group in the 3rd quarter valued at approximately $891,000. Finally, Pinpoint Asset Management Ltd bought a new position in Zillow Group in the 3rd quarter worth approximately $95,000. Institutional investors own 20.32% of the company’s stock.

About Zillow Group

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.