Zillow Group (NASDAQ:ZG) Upgraded by KeyCorp to Overweight Rating

Zillow Group (NASDAQ:ZG) was upgraded by KeyCorp from a “sector weight” rating to an “overweight” rating in a research note issued to investors on Monday,Briefing.com Automated Import reports. The brokerage currently has a $100.00 price objective on the technology company’s stock. KeyCorp’s target price indicates a potential upside of 26.26% from the company’s previous close.

A number of other analysts have also recently weighed in on ZG. Canaccord Genuity Group increased their target price on shares of Zillow Group from $64.00 to $86.00 and gave the stock a “hold” rating in a report on Monday, December 2nd. Evercore ISI increased their target price on shares of Zillow Group from $55.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. JMP Securities increased their target price on shares of Zillow Group from $82.00 to $92.00 and gave the company a “market outperform” rating in a research report on Monday, December 16th. Robert W. Baird started coverage on shares of Zillow Group in a research report on Friday. They set a “neutral” rating and a $88.00 price objective for the company. Finally, Piper Sandler raised their price objective on shares of Zillow Group from $73.00 to $93.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $76.16.

Zillow Group Trading Down 2.1 %

ZG opened at $79.20 on Monday. The firm has a market capitalization of $18.50 billion, a P/E ratio of -138.95, a P/E/G ratio of 10.99 and a beta of 2.09. The firm’s 50 day moving average is $75.56 and its 200-day moving average is $63.96. Zillow Group has a 52-week low of $38.06 and a 52-week high of $83.67. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. The firm had revenue of $581.00 million for the quarter, compared to analysts’ expectations of $555.45 million. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. The firm’s quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.12) earnings per share. Analysts expect that Zillow Group will post -0.36 EPS for the current fiscal year.

Insider Transactions at Zillow Group

In other news, insider Susan Daimler sold 3,694 shares of the firm’s stock in a transaction dated 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 directly owns 18,770 shares in the company, valued at $1,388,604.60. This trade represents a 16.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Bradley D. Owens sold 1,212 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 value of $89,663.76. Following the sale, the general counsel now directly owns 31,739 shares of the company’s stock, valued at $2,348,051.22. This represents a 3.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 164,689 shares of company stock worth $12,520,379 in the last 90 days. Corporate insiders own 17.14% of the company’s stock.

Institutional Trading of Zillow Group

A number of hedge funds have recently bought and sold shares of the business. L & S Advisors Inc purchased a new position in shares of Zillow Group in the 3rd quarter worth about $1,579,000. Mirabella Financial Services LLP purchased a new stake in shares of Zillow Group during the third quarter valued at $11,351,000. JPMorgan Chase & Co. raised its stake in Zillow Group by 155.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 33,258 shares of the technology company’s stock valued at $2,060,000 after buying an additional 20,238 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Zillow Group by 28.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 24,738 shares of the technology company’s stock valued at $1,753,000 after acquiring an additional 5,539 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Zillow Group by 3.3% in the third quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company’s stock valued at $63,523,000 after acquiring an additional 32,766 shares in the last quarter. 20.32% of the stock is currently owned by institutional investors.

Zillow Group Company Profile

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.