Zillow Group (Z) PT Set at $63.00 by KeyCorp

Zillow Group (NASDAQ:Z) received a $63.00 price target from equities research analysts at KeyCorp in a report released on Thursday. The firm currently has a “buy” rating on the financial services provider’s stock. KeyCorp’s price objective would indicate a potential upside of 29.47% from the company’s previous close.

A number of other equities research analysts have also issued reports on the company. Benchmark reissued a “buy” rating and issued a $64.00 target price on shares of Zillow Group in a research report on Friday. Craig Hallum lowered Zillow Group from a “buy” rating to a “hold” rating and set a $49.75 target price on the stock. in a research report on Friday. DA Davidson initiated coverage on Zillow Group in a research report on Wednesday, April 4th. They issued a “hold” rating and a $60.00 target price on the stock. Morgan Stanley reissued an “overweight” rating and issued a $55.00 target price (up previously from $50.00) on shares of Zillow Group in a research report on Tuesday, March 13th. Finally, BidaskClub raised Zillow Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 8th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Zillow Group presently has a consensus rating of “Buy” and a consensus price target of $53.73.

Shares of NASDAQ:Z traded down $4.94 during trading on Thursday, hitting $48.66. 7,631,172 shares of the company’s stock traded hands, compared to its average volume of 1,456,977. Zillow Group has a 52 week low of $34.52 and a 52 week high of $59.99. 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 (NASDAQ:Z) last released its quarterly earnings data on Thursday, February 8th. The financial services provider reported $0.09 earnings per share for the quarter. Zillow Group had a positive return on equity of 0.03% and a negative net margin of 8.77%. The business had revenue of $282.33 million for the quarter.

In other Zillow Group news, COO Amy Bohutinsky sold 168,748 shares of the company’s stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $52.88, for a total value of $8,923,394.24. Following the completion of the transaction, the chief operating officer now owns 90,624 shares of the company’s stock, valued at approximately $4,792,197.12. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Vice Chairman Lloyd D. Frink sold 13,600 shares of the company’s stock in a transaction dated Wednesday, March 21st. The stock was sold at an average price of $57.42, for a total value of $780,912.00. Following the completion of the transaction, the insider now directly owns 4,279,608 shares of the company’s stock, valued at approximately $245,735,091.36. The disclosure for this sale can be found here. Insiders have sold a total of 489,778 shares of company stock worth $25,026,148 over the last three months. 21.72% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Millennium Management LLC bought a new stake in shares of Zillow Group during the 4th quarter valued at about $6,377,000. Caledonia Private Investments Pty Ltd boosted its position in shares of 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 in the last quarter. Teachers Advisors LLC boosted its position in shares of Zillow Group by 3.6% during the 4th quarter. Teachers Advisors LLC now owns 119,786 shares of the financial services provider’s stock valued at $4,902,000 after purchasing an additional 4,183 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of Zillow Group by 2.1% during the 4th quarter. California State Teachers Retirement System now owns 181,282 shares of the financial services provider’s stock valued at $7,418,000 after purchasing an additional 3,792 shares in the last quarter. Finally, NBW Capital LLC boosted its position in shares of Zillow Group by 28.7% during the 4th quarter. NBW Capital LLC now owns 82,592 shares of the financial services provider’s stock valued at $3,380,000 after purchasing an additional 18,402 shares in the last quarter. 58.58% of the stock is owned by institutional investors and hedge funds.

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About Zillow Group

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 consumers 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.

Analyst Recommendations for Zillow Group (NASDAQ:Z)

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