Keefe, Bruyette & Woods Upgrades Zillow Group (NASDAQ:ZG) to Hold

Keefe, Bruyette & Woods upgraded shares of Zillow Group (NASDAQ:ZG) to a hold rating in a research note issued to investors on Friday morning,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. Robert W. Baird assumed coverage on shares of Zillow Group in a report on Friday, January 31st. They set a “neutral” rating and a $88.00 price objective for the company. Citigroup lifted their price target on shares of Zillow Group from $95.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Susquehanna increased their price objective on Zillow Group from $75.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Benchmark lifted their target price on Zillow Group from $80.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Finally, DA Davidson upped their target price on Zillow Group from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $82.25.

Zillow Group Stock Performance

Shares of NASDAQ ZG opened at $67.20 on Friday. Zillow Group has a fifty-two week low of $38.06 and a fifty-two week high of $86.58. The company has a market cap of $16.30 billion, a price-to-earnings ratio of -142.98, a PEG ratio of 8.90 and a beta of 2.33. The business’s 50 day moving average price is $74.84 and its 200-day moving average price is $70.68.

Zillow Group (NASDAQ:ZG) last released its earnings results on Tuesday, February 11th. The technology company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. Sell-side analysts predict that Zillow Group will post 0.32 earnings per share for the current year.

Insider Activity at Zillow Group

In related news, insider Errol G. Samuelson sold 2,854 shares of the company’s stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total transaction of $209,312.36. Following 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 at this link. Also, CFO Jeremy Hofmann sold 1,612 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $8,443,782.76. This represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 98,919 shares of company stock valued at $7,869,478 over the last 90 days. Insiders own 17.14% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Zillow Group in the fourth quarter valued at about $27,000. Blue Trust Inc. boosted its position in Zillow Group by 70.2% in the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock valued at $30,000 after buying an additional 172 shares during the last quarter. Asset Dedication LLC acquired a new position in Zillow Group in the 4th quarter worth approximately $47,000. Assetmark Inc. raised its position in Zillow Group by 18,875.0% during the 4th quarter. Assetmark Inc. now owns 759 shares of the technology company’s stock worth $54,000 after buying an additional 755 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in Zillow Group by 24.0% during the 4th quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock valued at $58,000 after acquiring an additional 159 shares during the period. Institutional investors and hedge funds 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.