Zillow Group (NASDAQ:Z) Earns Market Perform Rating from Analysts at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods assumed coverage on shares of Zillow Group (NASDAQ:Z) in a note issued to investors on Friday,Benzinga reports. The brokerage set a “market perform” rating and a $80.00 price target on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 13.72% from the stock’s current price.

Several other equities research analysts have also commented on Z. Morgan Stanley boosted their price objective on Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. KeyCorp upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Baird R W raised Zillow Group to a “hold” rating in a research report on Friday, January 31st. Finally, Wedbush reiterated an “outperform” rating and set a $100.00 price target on shares of Zillow Group in a research note on Wednesday, February 12th. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Zillow Group presently has a consensus rating of “Moderate Buy” and an average price target of $81.71.

Zillow Group Stock Down 1.6 %

Shares of NASDAQ Z opened at $70.35 on Friday. Zillow Group has a 52 week low of $38.45 and a 52 week high of $89.39. The firm has a market cap of $17.06 billion, a P/E ratio of -149.68, a P/E/G ratio of 9.24 and a beta of 2.27. The business’s 50 day moving average price is $77.47 and its 200 day moving average price is $72.86.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings results 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%. As a group, research analysts expect that Zillow Group will post 0.32 earnings per share for the current year.

Insiders Place Their Bets

In other Zillow Group 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 sale, the chief financial officer now owns 99,362 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. Also, CAO Jennifer Rock sold 5,796 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total transaction of $437,598.00. Following the sale, the chief accounting officer now directly owns 51,370 shares in the company, valued at approximately $3,878,435. This represents a 10.14 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 98,919 shares of company stock valued at $7,869,478. Insiders own 23.76% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Daiwa Securities Group Inc. boosted its stake in shares of Zillow Group by 8.3% during the third quarter. Daiwa Securities Group Inc. now owns 11,736 shares of the financial services provider’s stock valued at $749,000 after acquiring an additional 900 shares during the last quarter. Independent Advisor Alliance purchased a new position in shares of Zillow Group in the 3rd quarter worth $223,000. The Manufacturers Life Insurance Company grew its holdings in shares of Zillow Group by 55.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 44,958 shares of the financial services provider’s stock worth $2,871,000 after purchasing an additional 16,055 shares during the period. Dai ichi Life Insurance Company Ltd purchased a new position in Zillow Group in the third quarter valued at approximately $233,000. Finally, FMR LLC grew its position in shares of Zillow Group by 179.5% in the 3rd quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock worth $325,337,000 after acquiring an additional 3,272,118 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

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.