Zillow Group (NASDAQ:Z) Upgraded at KeyCorp

KeyCorp upgraded shares of Zillow Group (NASDAQ:Z) from a hold rating to a strong-buy rating in a research report report published on Sunday,Zacks.com reports.

Several other brokerages have also recently commented on Z. Morgan Stanley raised their price target on shares of Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Jefferies Financial Group increased their price objective on Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Thursday, November 7th. Bank of America lifted their price objective on Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Finally, Baird R W upgraded shares of Zillow Group to a “hold” rating in a research note on Friday. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $72.83.

Zillow Group Stock Up 2.7 %

Shares of Z traded up $2.19 during mid-day trading on Friday, hitting $84.45. 2,691,248 shares of the company’s stock were exchanged, compared to its average volume of 2,378,679. The stock’s 50-day moving average is $78.59 and its 200-day moving average is $66.74. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. Zillow Group has a fifty-two week low of $38.45 and a fifty-two week high of $86.88. The company has a market cap of $19.72 billion, a price-to-earnings ratio of -148.16, a P/E/G ratio of 11.41 and a beta of 2.03.

Insider Transactions at Zillow Group

In other news, General Counsel Bradley D. Owens sold 1,212 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Susan Daimler sold 3,694 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $273,282.12. Following the transaction, the insider now owns 18,770 shares in the company, valued at $1,388,604.60. This represents a 16.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 164,689 shares of company stock valued at $12,520,379. Corporate insiders own 23.76% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

Large investors have recently modified their holdings of the company. Blue Trust Inc. increased its holdings in shares of 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 acquiring an additional 137 shares during the period. Brighton Jones LLC grew its position in Zillow Group by 2.4% during the 3rd quarter. Brighton Jones LLC now owns 6,953 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 166 shares during the last quarter. Savant Capital LLC grew its position in Zillow Group by 2.7% during the 4th quarter. Savant Capital LLC now owns 6,794 shares of the financial services provider’s stock worth $503,000 after purchasing an additional 179 shares during the last quarter. True Vision MN LLC increased its stake in Zillow Group by 2.6% in the fourth quarter. True Vision MN LLC now owns 7,423 shares of the financial services provider’s stock valued at $550,000 after purchasing an additional 186 shares during the period. Finally, Arkadios Wealth Advisors raised its holdings in shares of Zillow Group by 0.5% in the third quarter. Arkadios Wealth Advisors now owns 41,430 shares of the financial services provider’s stock valued at $2,645,000 after buying an additional 198 shares during the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

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.