Zillow Group (NASDAQ:Z)‘s stock had its “overweight” rating reiterated by analysts at KeyCorp in a note issued to investors on Thursday. They presently have a $65.00 price target on the financial services provider’s stock, up from their previous price target of $54.00. KeyCorp’s target price would suggest a potential upside of 10.90% from the stock’s current price.
Other analysts have also recently issued reports about the company. Cowen reaffirmed a “hold” rating on shares of Zillow Group in a research note on Friday, February 9th. BidaskClub raised Zillow Group from a “sell” rating to a “hold” rating in a research note on Tuesday, January 16th. Finally, Morgan Stanley reissued an “overweight” rating and set a $55.00 target price (up from $50.00) on shares of Zillow Group in a research note on Tuesday. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $52.56.
Zillow Group (NASDAQ:Z) opened at $58.61 on Thursday. The company has a current ratio of 7.11, a quick ratio of 7.11 and a debt-to-equity ratio of 0.14. Zillow Group has a 52-week low of $32.56 and a 52-week high of $59.99. The stock has a market cap of $11,181.59, a PE ratio of -114.92 and a beta of 0.72.
Zillow Group (NASDAQ:Z) last announced its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.09 EPS for the quarter. The company had revenue of $282.33 million during the quarter. Zillow Group had a positive return on equity of 0.03% and a negative net margin of 8.77%.
In other news, insider Greg M. Schwartz sold 60,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $46.18, for a total value of $2,770,800.00. Following the completion of the sale, the insider now owns 43,000 shares of the company’s stock, valued at approximately $1,985,740. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Spencer M. Rascoff sold 58,050 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $41.51, for a total value of $2,409,655.50. Following the completion of the sale, the chief executive officer now directly owns 70,050 shares of the company’s stock, valued at approximately $2,907,775.50. The disclosure for this sale can be found here. In the last three months, insiders sold 323,836 shares of company stock valued at $14,264,072. 21.72% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in the business. Caledonia Private Investments Pty Ltd lifted its holdings in Zillow Group by 2.4% during the 4th quarter. Caledonia Private Investments Pty Ltd now owns 28,636,248 shares of the financial services provider’s stock valued at $1,171,795,000 after purchasing an additional 665,737 shares during the last quarter. Zevenbergen Capital Investments LLC increased its position in Zillow Group by 3.9% during the 3rd quarter. Zevenbergen Capital Investments LLC now owns 1,982,225 shares of the financial services provider’s stock worth $79,705,000 after buying an additional 74,090 shares during the period. VGI PARTNERS PTY Ltd increased its position in Zillow Group by 27.0% during the 4th quarter. VGI PARTNERS PTY Ltd now owns 1,646,226 shares of the financial services provider’s stock worth $67,364,000 after buying an additional 350,081 shares during the period. Janus Henderson Group PLC increased its position in Zillow Group by 7.2% during the 3rd quarter. Janus Henderson Group PLC now owns 640,207 shares of the financial services provider’s stock worth $25,743,000 after buying an additional 43,048 shares during the period. Finally, Amundi Pioneer Asset Management Inc. bought a new position in Zillow Group during the 4th quarter worth $25,636,000. 58.57% of the stock is owned by institutional investors and hedge funds.
Zillow Group Company Profile
Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable people find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.
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