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 sent to investors on Sunday,Zacks.com reports.

Several other analysts have also issued reports on Z. Jefferies Financial Group lifted their price objective on shares of Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Baird R W upgraded Zillow Group to a “hold” rating in a research note on Friday, January 31st. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. Morgan Stanley lifted their target price on Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Finally, Bank of America increased their target price on shares of Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $72.83.

Zillow Group Stock Performance

Shares of NASDAQ Z opened at $84.45 on Friday. Zillow Group has a one year low of $38.45 and a one year high of $86.88. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. The firm 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. The stock’s fifty day moving average price is $78.59 and its two-hundred day moving average price is $66.74.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, General Counsel Bradley D. Owens sold 1,212 shares of Zillow Group stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total transaction of $89,663.76. Following the transaction, the general counsel now directly owns 31,739 shares of the company’s stock, valued at $2,348,051.22. The trade was a 3.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dan Spaulding sold 4,565 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $86.22, for a total transaction of $393,594.30. Following the transaction, the insider now owns 58,217 shares in the company, valued at approximately $5,019,469.74. This trade represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 164,689 shares of company stock valued at $12,520,379. Company insiders own 23.76% of the company’s stock.

Institutional Trading of Zillow Group

Large investors have recently added to or reduced their stakes in the stock. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in Zillow Group by 400.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock worth $32,000 after buying an additional 400 shares during the period. V Square Quantitative Management LLC bought a new position in shares of Zillow Group in the third quarter worth $35,000. Blue Trust Inc. boosted its holdings in shares of Zillow Group by 66.3% in the third quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 313 shares during the period. Brooklyn Investment Group purchased a new position in shares of Zillow Group in the third quarter valued at $74,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in Zillow Group by 86.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider’s stock worth $94,000 after purchasing an additional 579 shares in the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

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.