Zillow Group (NASDAQ:ZG) Upgraded by Keefe, Bruyette & Woods to “Hold” Rating

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

Several other research firms have also issued reports on ZG. Susquehanna raised their price objective on shares of Zillow Group from $75.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. JMP Securities raised their price target on shares of Zillow Group from $82.00 to $92.00 and gave the stock a “market outperform” rating in a report on Monday, December 16th. Robert W. Baird assumed coverage on shares of Zillow Group in a research note on Friday, January 31st. They issued a “neutral” rating and a $88.00 price target for the company. UBS Group boosted their price objective on Zillow Group from $90.00 to $98.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, Cantor Fitzgerald lifted their price target on shares of Zillow Group from $62.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. One 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’s stock. Based on data from MarketBeat.com, Zillow Group presently has an average rating of “Moderate Buy” and a consensus price target of $82.25.

Zillow Group Trading Down 2.3 %

NASDAQ:ZG traded down $1.60 during mid-day trading on Friday, hitting $67.20. 301,467 shares of the company’s stock were exchanged, compared to its average volume of 575,436. Zillow Group has a fifty-two week low of $38.06 and a fifty-two week high of $86.58. The company has a 50 day simple moving average of $74.84 and a 200-day simple moving average of $70.45. The firm has a market capitalization of $16.30 billion, a P/E ratio of -142.98, a PEG ratio of 8.90 and a beta of 2.33.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) EPS 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%. As a group, analysts expect that Zillow Group will post 0.32 earnings per share for the current year.

Insider Activity

In other news, CFO Jeremy Hofmann sold 1,612 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now directly owns 99,362 shares of the company’s stock, valued at $8,443,782.76. This trade represents a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Errol G. Samuelson sold 2,854 shares of the business’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 sale, the insider now owns 142,636 shares in the company, valued at approximately $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 98,919 shares of company stock valued at $7,869,478 in the last 90 days. Insiders own 17.14% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Zillow Group in the fourth quarter worth approximately $27,000. Blue Trust Inc. grew its stake in Zillow Group by 70.2% in the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock worth $30,000 after buying an additional 172 shares in the last quarter. Asset Dedication LLC bought a new position in shares of Zillow Group in the 4th quarter worth $47,000. Assetmark Inc. raised its position in shares of Zillow Group by 18,875.0% during the 4th quarter. Assetmark Inc. now owns 759 shares of the technology company’s stock valued at $54,000 after buying an additional 755 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Zillow Group by 24.0% during the 4th quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock worth $58,000 after acquiring an additional 159 shares during the last quarter. 20.32% of the stock is 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.