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

Zillow Group (NASDAQ:ZG) was upgraded by stock analysts at Keefe, Bruyette & Woods to a “hold” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

ZG has been the topic of several other reports. Stephens reissued an “overweight” rating and set a $73.00 price objective on shares of Zillow Group in a research report on Wednesday, February 12th. Evercore ISI increased their price target on shares of Zillow Group from $75.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Benchmark boosted their price objective on shares of Zillow Group from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Baird R W raised Zillow Group to a “hold” rating in a research report on Friday, January 31st. Finally, KeyCorp reduced their target price on Zillow Group from $95.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $82.25.

Zillow Group Stock Down 2.3 %

Shares of NASDAQ ZG traded down $1.60 on Friday, reaching $67.20. 301,467 shares of the company’s stock traded hands, compared to its average volume of 575,436. The business’s 50 day simple moving average is $74.84 and its two-hundred day simple moving average is $70.45. Zillow Group has a 12 month low of $38.06 and a 12 month high of $86.58. The company has a market cap of $16.30 billion, a price-to-earnings ratio of -142.98, a price-to-earnings-growth 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) 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%. Analysts forecast that Zillow Group will post 0.32 earnings per share for the current fiscal year.

Insider Activity

In other Zillow Group news, CFO Jeremy Hofmann sold 1,612 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were 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 in the company, valued at $8,443,782.76. This represents a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Jun Choo sold 1,277 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total transaction of $99,248.44. Following the sale, the chief operating officer now owns 86,853 shares in the company, valued at $6,750,215.16. The trade was a 1.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 98,919 shares of company stock valued at $7,869,478 in the last 90 days. Company insiders own 17.14% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

A number of institutional investors have recently bought and sold shares of the business. O Shaughnessy Asset Management LLC grew its holdings in Zillow Group by 13.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,191 shares of the technology company’s stock valued at $84,000 after buying an additional 138 shares in the last quarter. Jones Financial Companies Lllp raised 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 in the last quarter. Blue Trust Inc. increased its position in Zillow Group by 70.2% in the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock worth $30,000 after purchasing an additional 172 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in Zillow Group during the fourth quarter valued at $27,000. Finally, Barrier Capital Management LLC lifted its position in Zillow Group by 0.4% during the fourth quarter. Barrier Capital Management LLC now owns 111,200 shares of the technology company’s stock valued at $7,879,000 after purchasing an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 20.32% 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.