Research analysts at Keefe, Bruyette & Woods started coverage on shares of Zillow Group (NASDAQ:Z - Get Free Report) in a research note issued on Friday, Marketbeat Ratings reports. The firm set a "market perform" rating and a $80.00 price target on the financial services provider's stock. Keefe, Bruyette & Woods' price target indicates a potential upside of 14.93% from the company's current price.
Several other brokerages have also issued reports on Z. KeyCorp raised shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a report on Sunday, February 2nd. Baird R W raised shares of Zillow Group to a "hold" rating in a research note on Friday, January 31st. Morgan Stanley raised their price objective on Zillow Group from $60.00 to $75.00 and gave the company an "equal weight" rating in a report on Monday, January 13th. Needham & Company LLC reaffirmed a "hold" rating on shares of Zillow Group in a report on Wednesday, February 12th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.71.
View Our Latest Research Report on Z
Zillow Group Price Performance
Zillow Group stock traded up $1.05 during midday trading on Friday, hitting $69.61. The company's stock had a trading volume of 950,738 shares, compared to its average volume of 3,320,461. The company has a market cap of $16.88 billion, a price-to-earnings ratio of -148.00, a PEG ratio of 9.24 and a beta of 2.27. Zillow Group has a 1-year low of $38.45 and a 1-year high of $89.39. The company has a 50-day moving average price of $77.10 and a two-hundred day moving average price of $73.28.
Zillow Group (NASDAQ:Z - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share 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%. Sell-side analysts forecast that Zillow Group will post 0.32 EPS for the current year.
Insider Activity
In other news, COO Jun Choo sold 1,277 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total value of $99,248.44. Following the completion of the transaction, the chief operating officer now directly owns 86,853 shares of the company's stock, valued at $6,750,215.16. This represents a 1.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Jennifer Rock sold 5,796 shares of Zillow Group stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total value of $437,598.00. Following the sale, the chief accounting officer now owns 51,370 shares in the company, valued at $3,878,435. This trade represents a 10.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 98,919 shares of company stock worth $7,869,478 over the last three months. 23.76% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. National Bank of Canada FI bought a new stake in Zillow Group in the 4th quarter valued at about $55,000. Assetmark Inc. boosted its holdings in Zillow Group by 7,410.0% in the 4th quarter. Assetmark Inc. now owns 751 shares of the financial services provider's stock worth $56,000 after buying an additional 741 shares during the period. Blue Trust Inc. grew its stake in Zillow Group by 17.5% in the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider's stock valued at $68,000 after buying an additional 137 shares in the last quarter. Brooklyn Investment Group bought a new stake in Zillow Group during the 3rd quarter valued at $74,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of Zillow Group by 53.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider's stock worth $79,000 after acquiring an additional 367 shares in the last quarter. 71.01% of the stock is owned by institutional investors.
About Zillow Group
(
Get Free Report)
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.
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