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

KeyCorp upgraded shares of Zillow Group (NASDAQ:Z) from a hold rating to a strong-buy rating in a research report report published on Sunday,Zacks.com reports.

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

Zillow Group Stock Up 2.7 %

Z opened at $84.45 on Friday. The firm has a market capitalization of $19.72 billion, a P/E ratio of -148.16, a price-to-earnings-growth ratio of 11.41 and a beta of 2.03. Zillow Group has a one year low of $38.45 and a one year high of $86.88. The company has a fifty day moving average price of $78.59 and a 200-day moving average price of $66.74. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13.

Insider Activity at Zillow Group

In other news, insider Dan Spaulding sold 4,565 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $86.22, for a total transaction of $393,594.30. Following the completion of the sale, the insider now owns 58,217 shares of the company’s stock, valued at approximately $5,019,469.74. This represents a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 stock was sold at an average price of $73.98, for a total transaction of $273,282.12. Following the completion of the transaction, the insider now owns 18,770 shares in the company, valued at $1,388,604.60. This represents a 16.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 164,689 shares of company stock valued at $12,520,379. Insiders own 23.76% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

Several hedge funds and other institutional investors have recently modified their holdings of Z. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Zillow Group by 400.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 400 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in Zillow Group in the 3rd quarter worth approximately $35,000. Blue Trust Inc. lifted its holdings in Zillow Group by 66.3% in the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock worth $50,000 after buying an additional 313 shares during the period. Brooklyn Investment Group bought a new stake in shares of Zillow Group in the 3rd quarter worth approximately $74,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Zillow Group by 86.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider’s stock valued at $94,000 after buying an additional 579 shares during the period. 71.01% of the stock is 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.