Zillow Group (NASDAQ:Z) Now Covered by Keefe, Bruyette & Woods

Keefe, Bruyette & Woods initiated coverage on shares of Zillow Group (NASDAQ:Z) in a report issued on Friday morning, Marketbeat.com reports. The brokerage issued a market perform rating and a $80.00 price target on the financial services provider’s stock.

Z has been the subject of several other research reports. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 12th. 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. Baird R W raised shares of Zillow Group to a “hold” rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Finally, KeyCorp raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 2nd. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $81.71.

Zillow Group Price Performance

Shares of Z opened at $68.74 on Friday. Zillow Group has a 1-year low of $38.45 and a 1-year high of $89.39. The stock has a market cap of $16.67 billion, a price-to-earnings ratio of -146.26, a price-to-earnings-growth ratio of 9.24 and a beta of 2.27. The firm has a 50 day simple moving average of $77.28 and a 200-day simple moving average of $73.20.

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 the consensus estimate 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, equities analysts expect that Zillow Group will post 0.32 earnings per share for the current fiscal year.

Insider Activity

In other news, CTO David A. Beitel sold 2,025 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.75, for a total value of $157,443.75. Following the transaction, the chief technology officer now owns 151,046 shares of the company’s stock, valued at approximately $11,743,826.50. This trade represents a 1.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Jun Choo sold 1,277 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $99,248.44. Following the completion of the sale, the chief operating officer now owns 86,853 shares of the company’s stock, valued at approximately $6,750,215.16. This represents a 1.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 98,919 shares of company stock valued at $7,869,478 in the last ninety days. Company insiders own 23.76% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC lifted its position in shares of Zillow Group by 179.5% during the third quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock worth $325,337,000 after purchasing an additional 3,272,118 shares in the last quarter. Ninety One UK Ltd increased its stake in Zillow Group by 3.2% during the 4th quarter. Ninety One UK Ltd now owns 3,617,761 shares of the financial services provider’s stock worth $267,895,000 after buying an additional 111,231 shares during the period. Dorsal Capital Management LP lifted its holdings in Zillow Group by 4.7% in the 4th quarter. Dorsal Capital Management LP now owns 3,350,000 shares of the financial services provider’s stock worth $248,068,000 after buying an additional 150,000 shares in the last quarter. Geode Capital Management LLC boosted its position in Zillow Group by 1.0% in the 4th 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 during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Zillow Group by 4.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,540,831 shares of the financial services provider’s stock valued at $114,109,000 after buying an additional 65,724 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

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.