Zillow Group (NASDAQ:Z) had its target price reduced by equities research analysts at KeyCorp from $65.00 to $63.00 in a note issued to investors on Friday, Stock Target Advisor reports. The firm presently has an “overweight” rating on the financial services provider’s stock. KeyCorp’s price objective would indicate a potential upside of 67.78% from the company’s current price.
Several other research firms also recently commented on Z. Morgan Stanley decreased their price objective on shares of Zillow Group from $37.00 to $32.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. BidaskClub downgraded shares of Zillow Group from a “buy” rating to a “hold” rating in a report on Friday, November 1st. TheStreet downgraded shares of Zillow Group from a “c-” rating to a “d+” rating in a report on Wednesday, September 4th. ValuEngine downgraded shares of Zillow Group from a “buy” rating to a “hold” rating in a report on Friday. Finally, Standpoint Research downgraded shares of Zillow Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Zillow Group presently has a consensus rating of “Hold” and an average price target of $43.14.
NASDAQ:Z opened at $37.55 on Friday. Zillow Group has a one year low of $26.38 and a one year high of $51.47. The firm’s fifty day moving average price is $31.55 and its two-hundred day moving average price is $38.64. The company has a current ratio of 3.67, a quick ratio of 2.76 and a debt-to-equity ratio of 0.28.
In related news, CAO Jennifer Rock sold 1,950 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $35.73, for a total value of $69,673.50. Following the transaction, the chief accounting officer now directly owns 35,105 shares in the company, valued at $1,254,301.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Spencer M. Rascoff sold 2,000 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $37.06, for a total transaction of $74,120.00. Following the completion of the transaction, the director now owns 14,000 shares in the company, valued at $518,840. The disclosure for this sale can be found here. Insiders sold 10,989 shares of company stock worth $391,189 over the last 90 days. 19.87% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Coastal Investment Advisors Inc. lifted its position in Zillow Group by 177.0% during the second quarter. Coastal Investment Advisors Inc. now owns 554 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 354 shares during the period. WealthStone Inc. bought a new stake in Zillow Group during the second quarter worth about $30,000. MUFG Americas Holdings Corp bought a new stake in Zillow Group during the second quarter worth about $32,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Zillow Group during the third quarter worth about $48,000. Finally, FinTrust Capital Advisors LLC bought a new stake in Zillow Group during the third quarter worth about $60,000. 69.90% of the stock is owned by institutional investors and hedge funds.
About Zillow Group
Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.
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