Streetbeat News

Z

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

72.08

Mkt cap

17B

Volume

4.9M

High

74.55

P/E Ratio

-121.13

52-wk high

74.55

Low

69.65

Div yield

N/A

52-wk low

35.44

Zillow's stock price has increased following JP Morgan's decision to maintain an Overweight rating and raise its price target from $46 to $65.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 5:19 pm

JP Morgan analyst Dae Lee has maintained an Overweight rating on Zillow Group (NASDAQ:Z) and increased the price target from $46 to $65, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 4:04 pm

Zillow Group (NYSE:Z) has seen a 15.84% decrease in short interest since the last report, with 15.68 million shares sold short, representing 10.31% of available shares. The average time to cover these short positions is 3.77 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Zillow has a higher short interest than its peer group average of 6.85%. Short interest is a key indicator of market sentiment and changes in short interest can have implications for stock performance.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 8:45 pm

B of A Securities analyst Nat Schindler has downgraded Zillow Group (NASDAQ:ZG) from Buy to Neutral, indicating a shift in the firm's outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 11:38 am

A recent study and viral video have sparked discussions about the wealth of the McCallister family from the 1990 film 'Home Alone.' The family's house in Winnetka, a Chicago suburb, suggests they are in the top 1% of incomes. A Zillow Group estimate in 2022 valued the house at $2.4 million. The film, now owned by The Walt Disney Company, grossed over $285.8 million domestically and can be streamed on Disney+. The article does not provide concrete details about the family's income or occupations.

Portfolio Pulse from Chris Katje

December 25, 2023 | 3:00 pm

Zillow's stock has seen an increase in trading after JMP Securities upgraded its rating from Market Perform to Market Outperform.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 7:49 pm

On CNBC, Josh Brown, a well-known financial analyst, announced that he has purchased shares of Zillow Group.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 5:33 pm

JMP Securities analyst Nicholas Jones has upgraded Zillow Group (ZG) from Market Perform to Market Outperform and set a price target of $60.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 10:43 am

Congressional Democrats introduced the End Hedge Fund Control of American Homes Act of 2023, which aims to prevent hedge funds from indefinitely owning single-family homes. If passed, these entities must divest from such properties within 10 years. The bill responds to concerns that hedge funds are distorting the housing market, particularly in areas where they own a significant percentage of single-family rentals. Companies like Invitation Homes, American Homes 4 Rent, Tricon Residential, and Zillow Group, which are involved in the single-family home market, could be affected by this legislation.

Portfolio Pulse from Piero Cingari

December 09, 2023 | 2:40 pm

Gene Munster of Deepwater Asset Management highlighted several sub-$50 billion market cap tech companies with potential to double or triple in value over the next year. On CNBC's 'Squawk Box,' Munster suggested investors should have exposure to tech, including mega-cap names like Meta Platforms, Alphabet, and Apple, which are trading near 52-week highs. However, he believes the real growth will come from smaller companies. Munster shared five of Deepwater's picks: CrowdStrike, Palantir Technologies, Zillow Group, Etsy, and private company Redwood Materials. He sees CrowdStrike and Palantir as underappreciated, with CrowdStrike set to report earnings and Palantir riding the AI wave. Etsy could benefit from holiday shopping, and Zillow is innovating in real estate with a new app version.

Portfolio Pulse from Adam Eckert

November 28, 2023 | 4:57 pm

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