Zillow Group (NASDAQ:Z) Given New $65.00 Price Target at Keefe, Bruyette & Woods

Zillow Group (NASDAQ:Z) had its price objective lowered by Keefe, Bruyette & Woods from $80.00 to $65.00 in a report published on Monday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the financial services provider’s stock.

A number of other research firms have also recently commented on Z. Weiss Ratings restated a “sell (d-)” rating on shares of Zillow Group in a research report on Wednesday, January 21st. JPMorgan Chase & Co. raised their price target on Zillow Group from $94.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Mizuho cut Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Finally, Barclays upgraded Zillow Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $91.33.

Zillow Group Stock Performance

Shares of NASDAQ Z opened at $54.28 on Monday. Zillow Group has a 52-week low of $53.61 and a 52-week high of $93.88. The stock has a market cap of $13.14 billion, a P/E ratio of -387.69, a P/E/G ratio of 3.19 and a beta of 2.08. The firm has a 50 day moving average price of $67.82 and a 200 day moving average price of $74.76.

Insider Activity

In other Zillow Group news, Director Erik C. Blachford sold 965 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $72.51, for a total value of $69,972.15. Following the completion of the transaction, the director directly owned 33,543 shares in the company, valued at approximately $2,432,202.93. This represents a 2.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Jeremy Hofmann sold 7,865 shares of Zillow Group stock in a transaction on Friday, November 14th. The stock was sold at an average price of $69.53, for a total transaction of $546,853.45. Following the transaction, the chief financial officer owned 70,811 shares in the company, valued at approximately $4,923,488.83. This trade represents a 10.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 64,801 shares of company stock worth $4,566,277. Company insiders own 23.76% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

Large investors have recently modified their holdings of the company. Rakuten Investment Management Inc. bought a new stake in Zillow Group in the 3rd quarter valued at about $2,919,000. Y Intercept Hong Kong Ltd grew its stake in Zillow Group by 63.1% in the third quarter. Y Intercept Hong Kong Ltd now owns 85,210 shares of the financial services provider’s stock valued at $6,565,000 after acquiring an additional 32,975 shares during the period. WT Wealth Management acquired a new stake in Zillow Group in the third quarter valued at approximately $1,458,000. Assenagon Asset Management S.A. increased its holdings in shares of Zillow Group by 353.9% during the third quarter. Assenagon Asset Management S.A. now owns 143,212 shares of the financial services provider’s stock valued at $11,034,000 after acquiring an additional 111,664 shares in the last quarter. Finally, Triasima Portfolio Management inc. bought a new stake in shares of Zillow Group during the third quarter valued at approximately $2,204,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

About Zillow Group

Zillow Group, Inc is an online real estate marketplace company that operates a portfolio of consumer-facing websites and mobile apps designed to connect buyers, sellers, renters, homeowners and real estate professionals. The company’s platforms aggregate property listings, rental listings, and related information to help users search for homes, estimate property values and connect with agents and service providers. Zillow generates revenue primarily through advertising and lead-generation services for real estate professionals, property managers and mortgage lenders.

Key products and services include the Zillow and Trulia consumer websites and apps, which provide searchable listings, photos, neighborhood data and the company’s automated home valuation tool known as the “Zestimate.” Zillow also offers a rentals marketplace, a mortgage marketplace and tools for home buying and selling such as Zillow Premier Agent for agent advertising and leads, as well as ancillary services designed to support transactions, including closing and title-related offerings.