Zillow Group (NASDAQ:Z) Raised to Strong-Buy at KeyCorp

Zillow Group (NASDAQ:Z) was upgraded by equities researchers at KeyCorp from a “hold” rating to a “strong-buy” rating in a report issued on Sunday,Zacks.com reports.

A number of other research analysts also recently issued reports on Z. Morgan Stanley boosted their price target on Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Bank of America lifted their target price on shares of Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Jefferies Financial Group lifted their target price on shares of Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. Finally, Baird R W upgraded shares of Zillow Group to a “hold” rating in a research report on Friday. 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 company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $72.83.

Zillow Group Stock Performance

Shares of NASDAQ Z traded up $2.19 during trading on Friday, reaching $84.45. 2,691,248 shares of the company traded hands, compared to its average volume of 2,378,679. Zillow Group has a 12-month low of $38.45 and a 12-month high of $86.88. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. The stock has a market cap of $19.72 billion, a P/E ratio of -148.16, a PEG ratio of 11.41 and a beta of 2.03. The firm’s fifty day simple moving average is $78.60 and its 200 day simple moving average is $66.50.

Insider Buying and Selling

In other Zillow Group news, CFO Jeremy Hofmann sold 23,388 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $84.98, for a total value of $1,987,512.24. Following the completion of the sale, the chief financial officer now owns 99,362 shares in the company, valued at approximately $8,443,782.76. This represents a 19.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Bradley D. Owens sold 1,212 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total transaction of $89,663.76. Following the completion of the sale, the general counsel now owns 31,739 shares of the company’s stock, valued at approximately $2,348,051.22. The trade was a 3.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 164,689 shares of company stock worth $12,520,379 in the last 90 days. Insiders own 23.76% of the company’s stock.

Institutional Trading of Zillow Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Blue Trust Inc. increased its position in Zillow Group by 17.5% during the fourth quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 137 shares during the last quarter. Brighton Jones LLC increased its holdings in shares of Zillow Group by 2.4% during the 3rd quarter. Brighton Jones LLC now owns 6,953 shares of the financial services provider’s stock worth $444,000 after buying an additional 166 shares during the last quarter. Savant Capital LLC increased its holdings in shares of Zillow Group by 2.7% during the 4th quarter. Savant Capital LLC now owns 6,794 shares of the financial services provider’s stock worth $503,000 after buying an additional 179 shares during the last quarter. True Vision MN LLC increased its holdings in shares of Zillow Group by 2.6% during the 4th quarter. True Vision MN LLC now owns 7,423 shares of the financial services provider’s stock worth $550,000 after buying an additional 186 shares during the last quarter. Finally, Arkadios Wealth Advisors increased its holdings in shares of Zillow Group by 0.5% during the 3rd quarter. Arkadios Wealth Advisors now owns 41,430 shares of the financial services provider’s stock worth $2,645,000 after buying an additional 198 shares during the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

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.