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

Zillow Group (NASDAQ:Z) had its price target decreased by research analysts at Keefe, Bruyette & Woods from $80.00 to $65.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 18.25% from the company’s previous close.

Other analysts also recently issued reports about the company. Mizuho downgraded Zillow Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Zillow Group in a report on Wednesday, January 21st. Barclays raised shares of Zillow Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 29th. Finally, JPMorgan Chase & Co. raised their target price on shares of Zillow Group from $94.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. One 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $91.33.

Zillow Group Trading Up 1.8%

Zillow Group stock opened at $54.97 on Monday. Zillow Group has a 12-month low of $53.61 and a 12-month high of $93.88. The firm has a 50-day moving average price of $68.20 and a 200-day moving average price of $74.95. The firm has a market capitalization of $13.31 billion, a PE ratio of -392.61, a price-to-earnings-growth ratio of 3.19 and a beta of 2.08.

Insider Activity

In other news, CTO David A. Beitel sold 3,893 shares of Zillow Group stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $71.12, for a total value of $276,870.16. Following the completion of the sale, the chief technology officer directly owned 140,656 shares of the company’s stock, valued at approximately $10,003,454.72. The trade was a 2.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jeremy Hofmann sold 7,865 shares of the business’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $69.53, for a total value of $546,853.45. Following the completion of the sale, the chief financial officer owned 70,811 shares in the company, valued at $4,923,488.83. This represents a 10.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 64,801 shares of company stock worth $4,566,277 in the last three months. 23.76% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Root Financial Partners LLC acquired a new stake in Zillow Group in the 3rd quarter valued at about $27,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Zillow Group during the third quarter worth approximately $29,000. V Square Quantitative Management LLC acquired a new stake in Zillow Group in the fourth quarter valued at approximately $28,000. Cullen Frost Bankers Inc. lifted its stake in Zillow Group by 58.6% in the third quarter. Cullen Frost Bankers Inc. now owns 441 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 163 shares during the last quarter. Finally, SBI Securities Co. Ltd. lifted its stake in Zillow Group by 58.2% in the second quarter. SBI Securities Co. Ltd. now owns 503 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 185 shares during the last quarter. 71.01% of the stock is 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.