KeyCorp Has Lowered Expectations for Zillow Group (NASDAQ:ZG) Stock Price

Zillow Group (NASDAQ:ZG) had its target price lowered by KeyCorp from $95.00 to $85.00 in a report released on Tuesday morning,Benzinga reports. KeyCorp currently has an overweight rating on the technology company’s stock.

A number of other equities research analysts have also recently commented on ZG. Craig Hallum increased their target price on shares of Zillow Group from $70.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. DA Davidson raised their price target on shares of Zillow Group from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Benchmark raised their target price on shares of Zillow Group from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Baird R W upgraded shares of Zillow Group to a “hold” rating in a research report on Friday, January 31st. Finally, Canaccord Genuity Group raised their price target on shares of Zillow Group from $64.00 to $86.00 and gave the company a “hold” rating in a research report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $82.25.

Zillow Group Stock Performance

NASDAQ ZG opened at $69.27 on Tuesday. Zillow Group has a 52-week low of $38.06 and a 52-week high of $86.58. The firm’s 50 day moving average price is $74.96 and its 200-day moving average price is $69.71. The company has a market cap of $16.80 billion, a PE ratio of -147.38, a P/E/G ratio of 8.90 and a beta of 2.33.

Zillow Group (NASDAQ:ZG) last posted its earnings results on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. On average, analysts forecast that Zillow Group will post 0.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Errol G. Samuelson sold 6,967 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $541,475.24. Following the completion of the sale, the insider now owns 127,467 shares in the company, valued at approximately $9,906,735.24. This trade represents a 5.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO David A. Beitel sold 2,025 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $77.75, for a total transaction of $157,443.75. Following the completion of the sale, the chief technology officer now owns 151,046 shares of the company’s stock, valued at $11,743,826.50. This trade represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 96,065 shares of company stock worth $7,660,165 in the last 90 days. Company insiders own 17.14% of the company’s stock.

Institutional Trading of Zillow Group

Several hedge funds have recently made changes to their positions in ZG. Norges Bank acquired a new stake in shares of Zillow Group in the 4th quarter worth $165,326,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Zillow Group by 1,261.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 260,465 shares of the technology company’s stock worth $18,454,000 after acquiring an additional 241,331 shares during the period. Virtu Financial LLC lifted its stake in shares of Zillow Group by 101.3% in the 4th quarter. Virtu Financial LLC now owns 420,255 shares of the technology company’s stock worth $29,775,000 after acquiring an additional 211,482 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Zillow Group in the 4th quarter worth $14,916,000. Finally, Cynosure Group LLC acquired a new stake in shares of Zillow Group in the 3rd quarter worth $12,248,000. Institutional investors and hedge funds own 20.32% of the company’s stock.

Zillow Group Company Profile

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.