KeyCorp Upgrades Zillow Group (NASDAQ:ZG) to Overweight

Zillow Group (NASDAQ:ZG) was upgraded by equities researchers at KeyCorp from a “sector weight” rating to an “overweight” rating in a note issued to investors on Monday, MarketBeat.com reports. The brokerage currently has a $100.00 target price on the technology company’s stock. KeyCorp’s price objective points to a potential upside of 22.44% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. The Goldman Sachs Group boosted their target price on Zillow Group from $42.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Susquehanna boosted their price objective on Zillow Group from $55.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Craig Hallum raised their target price on Zillow Group from $70.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Evercore ISI lifted their target price on Zillow Group from $55.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Barclays upped their price target on shares of Zillow Group from $36.00 to $50.00 and gave the company an “underweight” rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Zillow Group has an average rating of “Moderate Buy” and a consensus target price of $76.16.

Zillow Group Trading Up 2.9 %

Shares of NASDAQ:ZG opened at $81.67 on Monday. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. The company’s 50-day moving average price is $75.51 and its 200 day moving average price is $64.40. The company has a market cap of $19.07 billion, a PE ratio of -143.28, a P/E/G ratio of 10.99 and a beta of 2.09. Zillow Group has a fifty-two week low of $38.06 and a fifty-two week high of $83.67.

Zillow Group (NASDAQ:ZG) last posted its earnings results on Wednesday, November 6th. The technology company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. The firm had revenue of $581.00 million for the quarter, compared to analysts’ expectations of $555.45 million. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The firm’s revenue was up 17.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.12) EPS. Sell-side analysts anticipate that Zillow Group will post -0.36 earnings per share for the current year.

Insider Transactions at Zillow Group

In related news, General Counsel Bradley D. Owens sold 1,846 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $73.03, for a total transaction of $134,813.38. Following the completion of the transaction, the general counsel now owns 29,893 shares of the company’s stock, valued at approximately $2,183,085.79. The trade was a 5.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Susan Daimler sold 3,694 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total value of $273,282.12. Following the completion of the sale, the insider now directly owns 18,770 shares in the company, valued at $1,388,604.60. This trade represents a 16.44 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 164,689 shares of company stock worth $12,520,379. 17.14% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Cynosure Group LLC bought a new position in Zillow Group in the third quarter worth $12,248,000. Mirabella Financial Services LLP acquired a new position in shares of Zillow Group in the 3rd quarter valued at $11,351,000. Philadelphia Financial Management of San Francisco LLC bought a new position in shares of Zillow Group during the 3rd quarter worth about $9,813,000. Virtu Financial LLC boosted its position in shares of Zillow Group by 132.1% during the 3rd quarter. Virtu Financial LLC now owns 208,773 shares of the technology company’s stock valued at $12,929,000 after acquiring an additional 118,830 shares in the last quarter. Finally, CreativeOne Wealth LLC increased its stake in Zillow Group by 164.4% in the third quarter. CreativeOne Wealth LLC now owns 179,700 shares of the technology company’s stock valued at $11,129,000 after acquiring an additional 111,743 shares during the period. Institutional investors own 20.32% 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.