Zillow Group (NASDAQ:ZG) Upgraded at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Zillow Group (NASDAQ:ZG) to a hold rating in a report published on Friday,Zacks.com reports.

Several other research firms have also recently weighed in on ZG. Citigroup boosted their price objective on shares of Zillow Group from $95.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Piper Sandler decreased their target price on shares of Zillow Group from $93.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Canaccord Genuity Group raised their price target on Zillow Group from $64.00 to $86.00 and gave the stock a “hold” rating in a research note on Monday, December 2nd. Robert W. Baird started coverage on Zillow Group in a research report on Friday, January 31st. They set a “neutral” rating and a $88.00 price objective for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $88.00 target price on shares of Zillow Group in a report on Wednesday, February 12th. One research 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’s stock. According to data from MarketBeat.com, Zillow Group presently has an average rating of “Moderate Buy” and a consensus target price of $82.25.

Zillow Group Trading Down 2.3 %

ZG stock opened at $67.20 on Friday. The stock’s 50 day simple moving average is $74.84 and its 200 day simple moving average is $70.68. Zillow Group has a 12-month low of $38.06 and a 12-month high of $86.58. The stock has a market capitalization of $16.30 billion, a PE ratio of -142.98, a price-to-earnings-growth ratio of 8.90 and a beta of 2.33.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Tuesday, February 11th. The technology company 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 net margin of 5.01% and a negative return on equity of 2.12%. On average, research analysts predict that Zillow Group will post 0.32 earnings per share for the current year.

Insider Buying and Selling

In other Zillow Group news, insider Errol G. Samuelson sold 2,854 shares of the stock in a transaction dated 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 owns 142,636 shares of the company’s stock, valued at $10,460,924.24. This represents a 1.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO David A. Beitel sold 2,025 shares of Zillow Group stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.75, for a total value of $157,443.75. Following the completion of the sale, the chief technology officer now directly owns 151,046 shares in the company, valued at $11,743,826.50. This trade represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 98,919 shares of company stock worth $7,869,478. 17.14% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in shares of Zillow Group by 155.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 33,258 shares of the technology company’s stock valued at $2,060,000 after acquiring an additional 20,238 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Zillow Group by 28.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 24,738 shares of the technology company’s stock valued at $1,753,000 after purchasing an additional 5,539 shares during the last quarter. Virtu Financial LLC boosted its holdings in shares of Zillow Group by 132.1% in the 3rd quarter. Virtu Financial LLC now owns 208,773 shares of the technology company’s stock worth $12,929,000 after purchasing an additional 118,830 shares during the period. Geode Capital Management LLC increased its position in shares of Zillow Group by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company’s stock valued at $63,523,000 after purchasing an additional 32,766 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Zillow Group by 136.3% during the 4th quarter. Victory Capital Management Inc. now owns 22,982 shares of the technology company’s stock valued at $1,628,000 after purchasing an additional 13,255 shares during the last quarter. 20.32% of the stock is currently owned by institutional investors.

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.