Keefe, Bruyette & Woods Has Lowered Expectations for Zillow Group (NASDAQ:Z) Stock Price

Zillow Group (NASDAQ:Z) had its target price trimmed by Keefe, Bruyette & Woods from $80.00 to $76.00 in a research report report published on Wednesday,Benzinga reports. The firm currently has a market perform rating on the financial services provider’s stock.

A number of other research analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft increased their target price on Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 12th. Morgan Stanley boosted their target price 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. William Blair started coverage on shares of Zillow Group in a report on Monday, April 21st. They issued a “market perform” rating for the company. Finally, KeyCorp raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 2nd. Eight analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $83.71.

Zillow Group Stock Up 0.0 %

Shares of Z stock opened at $67.93 on Wednesday. The company’s fifty day simple moving average is $67.72 and its two-hundred day simple moving average is $73.46. Zillow Group has a 52 week low of $39.05 and a 52 week high of $89.39. The stock has a market cap of $16.48 billion, a P/E ratio of -144.53, a PEG ratio of 9.24 and a beta of 2.23.

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 the consensus estimate 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%. On average, analysts anticipate that Zillow Group will post 0.32 EPS for the current fiscal year.

Insider Activity at Zillow Group

In other news, insider Errol G. Samuelson sold 6,967 shares of Zillow Group 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 $541,475.24. Following the completion of the sale, the insider now owns 127,467 shares of the company’s stock, valued at approximately $9,906,735.24. The trade was a 5.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jun Choo sold 55,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $78.18, for a total value of $4,299,900.00. Following the completion of the transaction, the chief operating officer now directly owns 86,853 shares in the company, valued at approximately $6,790,167.54. This trade represents a 38.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 73,919 shares of company stock worth $5,744,978 in the last quarter. 25.03% of the stock is owned by company insiders.

Institutional Trading of Zillow Group

Several institutional investors and hedge funds have recently made changes to their positions in Z. Nordea Investment Management AB boosted its position in Zillow Group by 10.4% during the 4th quarter. Nordea Investment Management AB now owns 11,833 shares of the financial services provider’s stock valued at $887,000 after acquiring an additional 1,112 shares in the last quarter. Friedenthal Financial bought a new stake in Zillow Group during the fourth quarter valued at about $754,000. Rosenberg Matthew Hamilton grew its stake in Zillow Group by 17.9% in the fourth quarter. Rosenberg Matthew Hamilton now owns 1,617 shares of the financial services provider’s stock valued at $120,000 after purchasing an additional 245 shares during the last quarter. Accurate Wealth Management LLC raised its holdings in Zillow Group by 25.6% in the fourth quarter. Accurate Wealth Management LLC now owns 28,657 shares of the financial services provider’s stock worth $2,041,000 after purchasing an additional 5,841 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Zillow Group by 1,309.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 66,371 shares of the financial services provider’s stock valued at $4,915,000 after buying an additional 61,663 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors.

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.