Streetbeat News

Zillow Group, Inc. Class C

https://www.zillowgroup.com

Industry

Internet Content & Information

Zillow Group, Inc., a digital real estate company, operates real estate brands on mobile applications and Websites in the United States. The company operates through three segments: Homes; Internet, Media & Technology; and Mortgages. The Homes segment is involved in resale of homes; and title and escrow services to home buyers and sellers, including title search procedures for title insurance policies, escrow, and other closing services. The IMT segment offers premier agent, rentals, and new construction marketplaces, as well as dotloop, display, and other advertising, as well as business software solutions. The Mortgage segment provides home loans; and marketing products including custom quote and connect services. Its portfolio of brands includes Zillow Rentals, Trulia, StreetEasy, Zillow Closing Services, HotPads, and Out East. The company was incorporated in 2004 and is headquartered in Seattle, Washington.

Open

73.05

Mkt cap

17B

Volume

2.9M

High

73.90

P/E Ratio

-125.93

52-wk high

76.69

Low

72.02

Div yield

N/A

52-wk low

37.63

A Missouri jury has found the National Association of Realtors (NAR), HomeServices of America, and Keller Williams guilty of colluding to inflate commission rates. The defendants have been ordered to pay damages of $1.78 billion, which could potentially double due to treble damages. The verdict opens the door for additional potential class-action lawsuits in other states. The lawsuit also included RE/MAX and Anywhere as defendants, but they reached settlements earlier. The defendants are expected to appeal the ruling.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 5:44 pm

The average American family's ability to own a home is at its lowest in a decade due to escalating interest rates, surging property prices, and mounting insurance expenses. Moody's housing affordability index has shown a decline for every U.S. state in the past four years. This trend could lead to negative outcomes such as reduced population growth, increased migration, decreased consumer spending, heightened inequality, and a rise in homelessness. For investors keen on gaining exposure to the real estate sector without direct property ownership, ETFs like iShares U.S. Real Estate ETF (IYR) and the Vanguard Real Estate ETF (VNQ), and stocks like Zillow Group, Inc. (Z) and Redfin Corporation (RDFN) are viable options.

Portfolio Pulse from Bibhu Pattnaik

October 15, 2023 | 5:47 pm

Investor Anthony Pompliano warns that housing affordability in the U.S. has become a national crisis, with Goldman Sachs' home affordability index at its lowest in 26 years. Mortgage rates have risen to 8%, the highest in 20 years, leading to higher monthly payments. The real estate and housing industry have been negatively impacted, with Zillow Group, Opendoor Technologies, and Rocket Companies seeing significant stock declines. The iShares US Real Estate ETF is also down 7% YTD.

Portfolio Pulse from Aaron Bry

October 11, 2023 | 7:30 pm

Zillow's shares are trading lower due to weakness in housing-related companies as stocks fall on rising yields.

Portfolio Pulse from Bill Haddad

October 03, 2023 | 4:32 pm

The article lists four real estate stocks that are considered oversold and may present buying opportunities. These include Healthpeak Properties, Inc. (PEAK), Mid-America Apartment Communities, Inc. (MAA), Redfin Corporation (RDFN), and Zillow Group, Inc. (Z). The stocks are considered oversold based on their Relative Strength Index (RSI) values, which are all below or near 30.

Portfolio Pulse from Lisa Levin

September 27, 2023 | 1:03 pm

Shares of homebuilders and housing-related stocks are trading lower due to a decline in Lennar's average sales price per home and a Redfin report showing nearly 60,000 home-purchase agreements were canceled in August.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 5:01 pm

Zillow Group shares are trading lower without any company-specific news being reported.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 6:18 pm

Zillow reported better-than-expected Q2 results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 5:45 pm

Morgan Stanley analyst Brian Nowak has reiterated an Equal-Weight rating on Zillow Gr (NASDAQ:Z) and maintained a $55 price target.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:50 pm

Zillow Group Inc (NASDAQ:ZG) (NASDAQ:Z) reported Q2 earnings that beat consensus estimates, with earnings of 39 cents per share and revenues of $506 million. However, the company's Q3 revenue forecast is below consensus estimates. Analysts from Needham, Cannacord, KeyBanc, and JMP have maintained their ratings on the stock, citing strong Q2 results but also potential challenges due to macro conditions and near-term investments.

Portfolio Pulse from AJ Fabino

August 04, 2023 | 1:46 pm

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