Ron Baron Comments on Zillow Group

- By Holly LaFon

Zillow Group, Inc. (NASDAQ:ZG) operates the leading online real estate sites in the U.S. Shares detracted based on a lower revenue and profitability outlook. Revenue guidance was negatively impacted by reduced rental revenue and a slight delay in the roll-out of Zillow Instant Offers, the company's new home buying initiative. We retain conviction, as we believe Zillow will continue to grow its share of the $8 billion real estate advertising market.

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• ZG 15-Year Financial Data

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From Ron Baron (Trades, Portfolio)'s third-quarter Baron Partners Fund shareholder letter.
This article first appeared on GuruFocus.

• Warning! GuruFocus has detected 2 Warning Sign with ZG. Click here to check it out.

• ZG 15-Year Financial Data

• The intrinsic value of ZG

• Peter Lynch Chart of ZG