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

Zillow Group (NASDAQ:ZG) was upgraded by stock analysts at KeyCorp from a “sector weight” rating to an “overweight” rating in a report released on Monday, Marketbeat reports. The brokerage presently has a $100.00 price objective on the technology company’s stock. KeyCorp’s price objective would suggest a potential upside of 22.44% from the company’s previous close.

A number of other research firms have also recently issued reports on ZG. Royal Bank of Canada lifted their target price on shares of Zillow Group from $66.00 to $74.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $47.00 price objective on shares of Zillow Group in a research report on Monday, October 7th. Canaccord Genuity Group increased their target price on Zillow Group from $64.00 to $86.00 and gave the stock a “hold” rating in a report on Monday, December 2nd. Susquehanna lifted their price target on Zillow Group from $55.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Finally, The Goldman Sachs Group increased their price objective on shares of Zillow Group from $42.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $76.16.

Zillow Group Stock Up 2.9 %

Shares of NASDAQ ZG opened at $81.67 on Monday. Zillow Group has a 52-week low of $38.06 and a 52-week high of $83.67. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. The business has a fifty day moving average of $75.51 and a two-hundred day moving average of $64.40. The stock has a market cap of $19.07 billion, a PE ratio of -143.28, a PEG ratio of 10.99 and a beta of 2.09.

Zillow Group (NASDAQ:ZG) last announced 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 during the quarter, compared to the consensus estimate 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 last year, the firm posted ($0.12) EPS. As a group, equities research analysts expect that Zillow Group will post -0.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, insider Susan Daimler sold 3,694 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 value of $273,282.12. Following the sale, the insider now directly owns 18,770 shares in the company, valued at approximately $1,388,604.60. This trade represents a 16.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Bradley D. Owens sold 1,212 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total value of $89,663.76. Following the completion of the transaction, the general counsel now directly 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 164,689 shares of company stock worth $12,520,379. Insiders own 17.14% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

Several institutional investors have recently added to or reduced their stakes in ZG. Cynosure Group LLC bought a new stake in Zillow Group in the 3rd quarter valued at approximately $12,248,000. Mirabella Financial Services LLP bought a new position in Zillow Group in the third quarter valued at $11,351,000. Philadelphia Financial Management of San Francisco LLC bought a new position in Zillow Group in the third quarter valued at $9,813,000. Virtu Financial LLC increased its stake in Zillow Group by 132.1% in the 3rd quarter. Virtu Financial LLC now owns 208,773 shares of the technology company’s stock valued at $12,929,000 after buying an additional 118,830 shares during the last quarter. Finally, CreativeOne Wealth LLC boosted its stake in shares of Zillow Group by 164.4% during the 3rd quarter. CreativeOne Wealth LLC now owns 179,700 shares of the technology company’s stock worth $11,129,000 after buying an additional 111,743 shares during the last quarter. 20.32% 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.