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

Zillow Group (NASDAQ:Z) was upgraded by research analysts at KeyCorp from a “hold” rating to a “strong-buy” rating in a report released on Sunday,Zacks.com reports.

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

Zillow Group Price Performance

Shares of NASDAQ:Z traded up $2.19 during midday trading on Friday, reaching $84.45. 2,691,248 shares of the company’s stock traded hands, compared to its average volume of 2,378,679. Zillow Group has a 1 year low of $38.45 and a 1 year high of $86.88. The company has a market cap of $19.72 billion, a P/E ratio of -148.16, a PEG ratio of 11.41 and a beta of 2.03. 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 company has a fifty day simple moving average of $78.59 and a two-hundred day simple moving average of $66.74.

Insider Buying and Selling at Zillow Group

In related news, CAO Jennifer Rock sold 3,187 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $74.00, for a total transaction of $235,838.00. Following the transaction, the chief accounting officer now owns 69,649 shares of the company’s stock, valued at $5,154,026. This represents a 4.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Dan Spaulding sold 4,565 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $86.22, for a total value of $393,594.30. Following the transaction, the insider now directly owns 58,217 shares in the company, valued at $5,019,469.74. This represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 164,689 shares of company stock valued at $12,520,379 in the last three months. 23.76% of the stock is owned by corporate insiders.

Institutional Trading of Zillow Group

Several large investors have recently bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt increased its stake in Zillow Group by 400.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 400 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in Zillow Group during the 3rd quarter valued at approximately $35,000. Blue Trust Inc. lifted its holdings in Zillow Group by 66.3% during 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 last quarter. Brooklyn Investment Group bought a new position in Zillow Group during the 3rd quarter worth approximately $74,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in Zillow Group by 86.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider’s stock worth $94,000 after buying an additional 579 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

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.