Zillow Group (NASDAQ:Z) Research Coverage Started at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods initiated coverage on shares of Zillow Group (NASDAQ:Z) in a research note published on Friday, MarketBeat.com reports. The brokerage issued a market perform rating and a $80.00 target price on the financial services provider’s stock.

A number of other brokerages have also issued reports on Z. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 12th. Morgan Stanley upped their target price on shares of Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Wedbush restated an “outperform” rating and issued a $100.00 price target on shares of Zillow Group in a research note on Wednesday, February 12th. Finally, KeyCorp upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 2nd. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, Zillow Group has an average rating of “Moderate Buy” and an average target price of $81.71.

Zillow Group Price Performance

Shares of NASDAQ Z opened at $68.74 on Friday. The company has a market capitalization of $16.67 billion, a P/E ratio of -146.26, a P/E/G ratio of 9.24 and a beta of 2.27. The company has a 50 day simple moving average of $77.28 and a 200-day simple moving average of $73.20. Zillow Group has a 1 year low of $38.45 and a 1 year high of $89.39.

Zillow Group (NASDAQ:Z) last released its quarterly earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share 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, research analysts expect that Zillow Group will post 0.32 EPS for the current year.

Insider Transactions at Zillow Group

In related news, COO Jun Choo sold 1,277 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $99,248.44. Following the completion of the sale, the chief operating officer now directly owns 86,853 shares of the company’s stock, valued at $6,750,215.16. This trade represents a 1.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 transaction of $209,312.36. Following the completion of the transaction, the insider now directly owns 142,636 shares in the company, valued at $10,460,924.24. This represents a 1.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 98,919 shares of company stock worth $7,869,478. Insiders own 23.76% of the company’s stock.

Institutional Trading of Zillow Group

Hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its stake in shares of Zillow Group by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,538,709 shares of the financial services provider’s stock valued at $113,941,000 after purchasing an additional 11,727 shares during the period. Proficio Capital Partners LLC purchased a new position in Zillow Group in the fourth quarter valued at about $7,375,000. Vinva Investment Management Ltd acquired a new stake in shares of Zillow Group during the 4th quarter valued at approximately $1,187,000. Donoghue Forlines LLC purchased a new stake in shares of Zillow Group during the 4th quarter worth approximately $1,932,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Zillow Group by 18.5% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,114 shares of the financial services provider’s stock worth $3,267,000 after acquiring an additional 6,900 shares during the period. 71.01% of the stock is owned by institutional investors and hedge funds.

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.