Keefe, Bruyette & Woods Initiates Coverage on Zillow Group (NASDAQ:Z)

Analysts at Keefe, Bruyette & Woods assumed coverage on shares of Zillow Group (NASDAQ:Z) in a research note issued to investors on Friday, MarketBeat.com reports. The firm set a “market perform” rating and a $80.00 price target on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 16.38% from the stock’s current price.

Z has been the subject of several other research reports. Baird R W raised Zillow Group to a “hold” rating in a report on Friday, January 31st. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 12th. Wedbush reaffirmed an “outperform” rating and set a $100.00 target price on shares of Zillow Group in a report on Wednesday, February 12th. Morgan Stanley increased their price target on shares of Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Finally, KeyCorp raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $81.71.

Zillow Group Stock Down 2.3 %

Shares of Zillow Group stock opened at $68.74 on Friday. The firm has a market capitalization of $16.67 billion, a P/E ratio of -146.26, a PEG ratio of 9.24 and a beta of 2.27. Zillow Group has a 52 week low of $38.45 and a 52 week high of $89.39. The company has a 50 day moving average price of $77.28 and a 200 day moving average price of $73.08.

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

Insider Activity at Zillow Group

In other Zillow Group news, CFO Jeremy Hofmann sold 1,612 shares of Zillow Group stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $84.98, for a total transaction of $136,987.76. Following the completion of the sale, the chief financial officer now directly owns 99,362 shares in the company, valued at $8,443,782.76. This trade represents a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jun Choo sold 1,277 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief operating officer now directly owns 86,853 shares in the company, valued at $6,750,215.16. This trade represents a 1.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 98,919 shares of company stock valued at $7,869,478. 23.76% of the stock is owned by company insiders.

Hedge Funds Weigh In On Zillow Group

Hedge funds have recently bought and sold shares of the company. National Bank of Canada FI purchased a new position in Zillow Group in the 4th quarter valued at approximately $55,000. Assetmark Inc. raised its stake in shares of Zillow Group by 7,410.0% in the fourth quarter. Assetmark Inc. now owns 751 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 741 shares in the last quarter. Blue Trust Inc. boosted its holdings in Zillow Group by 17.5% in the fourth quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 137 shares during the period. Brooklyn Investment Group acquired a new position in Zillow Group during the 3rd quarter worth $74,000. Finally, Smartleaf Asset Management LLC increased its holdings in Zillow Group by 53.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 367 shares during the period. 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.