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

Zillow Group (NASDAQ:ZG - Get Free Report) was upgraded by equities researchers at Keefe, Bruyette & Woods to a "hold" rating in a research note issued to investors on Friday,Zacks.com reports.

Several other analysts have also recently commented on ZG. UBS Group boosted their target price on shares of Zillow Group from $90.00 to $98.00 and gave the company a "buy" rating in a report on Monday, January 27th. KeyCorp cut their price target on Zillow Group from $95.00 to $85.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 18th. Canaccord Genuity Group raised their price objective on Zillow Group from $64.00 to $86.00 and gave the company a "hold" rating in a research note on Monday, December 2nd. Evercore ISI upped their target price on Zillow Group from $75.00 to $90.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Finally, Cantor Fitzgerald raised their price target on shares of Zillow Group from $62.00 to $70.00 and gave the stock a "neutral" rating in a research 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 issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $82.25.

Zillow Group Stock Performance

NASDAQ ZG traded down $0.05 during trading on Friday, reaching $66.81. 23,099 shares of the company's stock were exchanged, compared to its average volume of 573,074. The stock has a market cap of $16.21 billion, a P/E ratio of -141.86, a price-to-earnings-growth ratio of 8.90 and a beta of 2.33. Zillow Group has a 1 year low of $38.06 and a 1 year high of $86.58. The company has a 50 day moving average price of $74.68 and a two-hundred day moving average price of $70.77.

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Zillow Group (NASDAQ:ZG - Get Free Report) last posted its quarterly earnings data 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 net margin of 5.01% and a negative return on equity of 2.12%. Research analysts forecast that Zillow Group will post 0.32 EPS for the current fiscal year.

Insider Activity

In other news, COO Jun Choo sold 55,000 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the completion of the transaction, the chief operating officer now owns 86,853 shares of the company's stock, valued at approximately $6,790,167.54. This represents a 38.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Errol G. Samuelson sold 2,854 shares of the company's stock in a transaction on Wednesday, March 26th. The shares were 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 owns 142,636 shares of the company's stock, valued at $10,460,924.24. The trade was a 1.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 98,919 shares of company stock valued at $7,869,478 over the last 90 days. 17.14% of the stock is currently owned by company insiders.

Institutional Trading of Zillow Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in Zillow Group by 155.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 33,258 shares of the technology company's stock worth $2,060,000 after acquiring an additional 20,238 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Zillow Group by 28.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 24,738 shares of the technology company's stock valued at $1,753,000 after acquiring an additional 5,539 shares during the period. Virtu Financial LLC boosted its position in shares of Zillow Group by 132.1% during the third quarter. Virtu Financial LLC now owns 208,773 shares of the technology company's stock worth $12,929,000 after purchasing an additional 118,830 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Zillow Group by 3.3% during the third quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company's stock worth $63,523,000 after acquiring an additional 32,766 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in Zillow Group by 136.3% in the 4th quarter. Victory Capital Management Inc. now owns 22,982 shares of the technology company's stock valued at $1,628,000 after buying an additional 13,255 shares during the last quarter. Institutional investors and hedge funds own 20.32% of the company's stock.

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.