Keefe, Bruyette & Woods Lowers Zillow Group (NASDAQ:Z) Price Target to $76.00

Zillow Group (NASDAQ:Z) had its target price dropped by analysts at Keefe, Bruyette & Woods from $80.00 to $76.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 11.89% from the company’s previous close.

Z has been the topic of a number of other research reports. William Blair started coverage on shares of Zillow Group in a research note on Monday, April 21st. They issued a “market perform” rating on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Baird R W upgraded Zillow Group to a “hold” rating in a research report on Friday, January 31st. Wells Fargo & Company raised Zillow Group to a “hold” rating in a research report on Monday, April 28th. Finally, Morgan Stanley lifted their price objective 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. Eight equities research 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 stock. According to MarketBeat, Zillow Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.71.

Zillow Group Stock Up 0.1 %

Shares of NASDAQ Z opened at $67.93 on Wednesday. The business has a 50 day moving average price of $67.85 and a two-hundred day moving average price of $73.41. Zillow Group has a fifty-two week low of $39.05 and a fifty-two week high of $89.39. The firm has a market cap of $16.48 billion, a PE ratio of -144.52, a price-to-earnings-growth ratio of 9.24 and a beta of 2.23.

Zillow Group (NASDAQ:Z) last released its quarterly earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates 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 earnings per share for the current year.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, COO Jun Choo sold 55,000 shares of Zillow Group stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the sale, the chief operating officer now owns 86,853 shares of the company’s stock, valued at $6,790,167.54. The trade was a 38.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Errol G. Samuelson sold 2,854 shares of the business’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total value of $209,312.36. Following the transaction, the insider now owns 142,636 shares of the company’s stock, valued at $10,460,924.24. This trade represents a 1.96 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,919 shares of company stock worth $5,744,978. 25.03% of the stock is owned by insiders.

Institutional Investors Weigh In On Zillow Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Ninety One UK Ltd boosted its stake in Zillow Group by 11.4% during the 1st quarter. Ninety One UK Ltd now owns 4,029,503 shares of the financial services provider’s stock valued at $276,263,000 after purchasing an additional 411,742 shares in the last quarter. Dorsal Capital Management LP lifted its holdings in shares of Zillow Group by 4.7% in the fourth quarter. Dorsal Capital Management LP now owns 3,350,000 shares of the financial services provider’s stock valued at $248,068,000 after buying an additional 150,000 shares during the period. Geode Capital Management LLC boosted its stake in Zillow Group by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 2,878,124 shares of the financial services provider’s stock valued at $212,745,000 after buying an additional 28,728 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Zillow Group by 4.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,540,831 shares of the financial services provider’s stock worth $114,109,000 after acquiring an additional 65,724 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Zillow Group by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,538,709 shares of the financial services provider’s stock worth $113,941,000 after acquiring an additional 11,727 shares during the period. 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.