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

KeyCorp upgraded shares of Zillow Group (NASDAQ:ZFree Report) from a hold rating to a strong-buy rating in a research note issued to investors on Sunday,Zacks.com reports.

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

View Our Latest Stock Report on Zillow Group

Zillow Group Price Performance

Shares of NASDAQ Z traded up $2.19 during mid-day trading on Friday, reaching $84.45. The company’s stock had a trading volume of 2,691,248 shares, compared to its average volume of 2,378,679. The stock has a fifty day moving average of $78.59 and a two-hundred day moving average of $66.74. The firm has a market capitalization of $19.72 billion, a PE ratio of -148.16, a P/E/G ratio of 11.41 and a beta of 2.03. Zillow Group has a 52 week low of $38.45 and a 52 week high of $86.88. 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 related news, General Counsel Bradley D. Owens sold 1,212 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total transaction of $89,663.76. Following the sale, the general counsel now directly owns 31,739 shares of the company’s stock, valued at approximately $2,348,051.22. This represents a 3.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Dan Spaulding sold 4,565 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $86.22, for a total value of $393,594.30. Following the sale, the insider now owns 58,217 shares in the company, valued at $5,019,469.74. This trade represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 164,689 shares of company stock valued at $12,520,379 in the last ninety days. Company insiders own 23.76% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of Z. Blue Trust Inc. raised its holdings in Zillow Group by 17.5% in the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock valued at $68,000 after acquiring an additional 137 shares during the last quarter. Brighton Jones LLC boosted its stake in Zillow Group by 2.4% during the third 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 boosted its stake in Zillow Group by 2.7% during the fourth 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 stake in shares of Zillow Group by 2.6% in the 4th quarter. True Vision MN LLC now owns 7,423 shares of the financial services provider’s stock worth $550,000 after acquiring an additional 186 shares during the last quarter. Finally, Arkadios Wealth Advisors raised 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 acquiring an additional 198 shares during the period. Institutional investors and hedge funds own 71.01% of the company’s stock.

Zillow Group Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Zillow Group (NASDAQ:Z)

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