Zillow Group (NASDAQ:ZG) Upgraded at KeyCorp

KeyCorp upgraded shares of Zillow Group (NASDAQ:ZG) from a sector weight rating to an overweight rating in a research note published on Monday morning, MarketBeat reports. KeyCorp currently has $100.00 price target on the technology company’s stock.

ZG has been the subject of a number of other research reports. Craig Hallum lifted their target price on shares of Zillow Group from $70.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Robert W. Baird started coverage on Zillow Group in a research note on Friday, January 31st. They set a “neutral” rating and a $88.00 price objective for the company. Canaccord Genuity Group increased their target price on Zillow Group from $64.00 to $86.00 and gave the company a “hold” rating in a research note on Monday, December 2nd. Cantor Fitzgerald restated a “neutral” rating and set a $47.00 target price on shares of Zillow Group in a research report on Monday, October 7th. Finally, The Goldman Sachs Group increased their price target on shares of Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Zillow Group presently has an average rating of “Moderate Buy” and an average target price of $78.00.

Zillow Group Price Performance

NASDAQ:ZG opened at $83.10 on Monday. The firm has a market cap of $19.41 billion, a PE ratio of -145.79, a price-to-earnings-growth ratio of 10.99 and a beta of 2.09. The company’s 50-day moving average price is $75.53 and its two-hundred day moving average price is $64.53. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group has a 12 month low of $38.06 and a 12 month high of $83.67.

Zillow Group (NASDAQ:ZG) last announced its earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $581.00 million during the quarter, compared to the consensus estimate of $555.45 million. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. The company’s revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.12) earnings per share. On average, equities analysts anticipate that Zillow Group will post -0.36 EPS for the current fiscal year.

Insider Activity

In other Zillow Group news, CAO Jennifer Rock sold 3,187 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $74.00, for a total value of $235,838.00. Following the transaction, the chief accounting officer now directly owns 69,649 shares of the company’s stock, valued at $5,154,026. This represents a 4.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel Bradley D. Owens sold 1,212 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total transaction of $89,663.76. Following the completion of the sale, the general counsel now directly owns 31,739 shares of the company’s stock, valued at approximately $2,348,051.22. The trade was a 3.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 164,689 shares of company stock valued at $12,520,379 over the last ninety days. 17.14% of the stock is currently owned by company insiders.

Institutional Trading of Zillow Group

A number of institutional investors have recently modified their holdings of ZG. Blue Trust Inc. increased its stake 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 acquiring an additional 172 shares during the last quarter. Creative Planning increased its stake in shares of Zillow Group by 7.2% in the 3rd quarter. Creative Planning now owns 6,537 shares of the technology company’s stock valued at $405,000 after purchasing an additional 439 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of Zillow Group during the 3rd quarter worth $29,000. Baillie Gifford & Co. raised its holdings in shares of Zillow Group by 0.6% during the 4th quarter. Baillie Gifford & Co. now owns 92,025 shares of the technology company’s stock worth $6,520,000 after buying an additional 509 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Zillow Group by 86.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock worth $75,000 after buying an additional 561 shares during the last quarter. 20.32% of the stock is currently owned by institutional investors.

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.