|Bid||0.00 x 800|
|Ask||0.00 x 2200|
|Day's Range||38.05 - 39.14|
|52 Week Range||26.38 - 51.47|
|Beta (3Y Monthly)||0.89|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||46.50|
Zillow shares soaring after the online real estate company reported sales that more than doubles year-over-year. Yahoo Finance's Akiko Fujita and Jared Blikre discuss.
Zillow’s shares soar after the online real estate company beat revenue estimates for the third-quarter. Yahoo Finance’s Dan Roberts, Julia La Roche and Heidi Chung discuss on YFi AM.
Dropbox reported earnings that topped revenue estimates, Zillow Group gives an upbeat forecast, and Planet Fitness reports third quarter earnings and revenue that beat estimates. Yahoo Finance's Ines Ferre reports from the floor of the New York Stock Exchange.
“Do you know how hard it is to create a culture of frugality — in Silicon Valley? It’s very difficult,” the CEO said in discussing salary caps and other cost-cutting measures inspired by Amazon.
Beginning next year, residential real estate agents in Denver and across the country won’t be able to tease coming-soon listings — including on social media — unless they’re ready to publish that listing on their respective multiple listing service platforms within one business day. The “clear cooperation” rule was approved in a 729-70 vote by the board of directors of the National Association of Realtors in San Francisco on Monday in an effort to curb "pocket listings," or the practice of not making listings publicly available in hopes of tapping networks and increasing the chances of scoring both sides of a commission. The new rule — which has drawn criticism from brokers who say NAR is dictating how they should do business and praise from agents who argue pocket listings possibly discriminate against buyers and create an uneven playing field, especially for agents at smaller brokerages — doesn’t prevent agents from privately marketing a listing among their peers within their own brokerage if there are seller privacy concerns.
- Two-thirds of renters make one or more financial sacrifices to afford their rent, and the share is higher for younger renters and those with debt. - A quarter of renters say affording rent is difficult or very difficult, and about half say they would not be able to cover an unexpected $1,000 expense. - Parents more often make sacrifices than renters without children in the home.
The latest spike in long-term bond yields may be negative for housing ETFs, but gradual adoption of technology in the space could prove to be a shot in the arm.
A webcast of Rich Barton's fireside chat with Mark Mahaney will be made available on Zillow Group's investor relations website SEATTLE , Nov. 11, 2019 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ:Z) (NASDAQ:ZG), ...
During the third quarter, Zillow launched Offers in about one market every two weeks. The 18-month-old direct homebuying platform is now in 21 markets.
(Bloomberg) -- Zillow Group Inc. surged the most in six months after the company posted quarterly revenue that beat estimates, buoyed by its online marketing and home-flipping businesses.Zillow is juggling big changes to its business model, using advertising sales to fund a push into buying and selling homes. It sold 1,211 homes in the third quarter, generating $385 million, up from just $11 million in the same period last year.The company posted third-quarter revenue of $745 million, exceeding the average analyst estimate of $718 million. The rapid growth of Zillow Offers, the algorithm-driven spin on home-flipping, has come with mounting losses. The company reported a net loss of $65 million, with the results weighed down by the new business. Still, investors appeared willing to focus on revenue growth in the quarter.“The great thing about Zillow is that we have this core business that is extremely profitable,” Chief Executive Officer Rich Barton said in an interview. “That money has been fueling our really rapid growth into Zillow Offers.”The shares jumped as much 15% to $38.74 on Friday, the biggest intraday gain since May 10. The stock had gained 7% this year through Thursday’s close, trailing the 23% gain for the S&P 500.Zillow Gains as Results Are Heartening Despite ‘Long Road Ahead’Premier Agent, the company’s online marketing business, generated $241 million in revenue for the quarter and has stabilized after unpopular changes led to an agent revolt last year.To contact the reporter on this story: Patrick Clark in New York at email@example.comTo contact the editor responsible for this story: Craig Giammona at firstname.lastname@example.orgFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
While working in the Obama administration, Racquel Russell became a key figure in the passage of the Affordable Care Act. Now she’s at Zillow tackling affordable housing.
The real estate platform posts better-than-expected third-quarter revenue on the back of strong results at its home-flipping business.
Zillow Group Inc. shares gained more than 10% in after-hours trading Thursday after the online real-estate company reported that sales more than doubled from the year before in the most recent quarter thanks to the company's push to buy and sell homes. Zillow reported a loss of $64.6 million, or 31 cents a share, on sales of $745.2 million, up from $343.1 million a year ago. Analysts on average expected a loss of 43 cents a share on sales of $718 million, according to FactSet. The big sales boost came from the Zillow Offers business, which launched in 8 new markets in the quarter for a total of 26, but it also pushed the company to a loss by posting a net loss of $87.9 million on sales of $384.6 million. The company reported adjusted Ebitda of $15.8 million, down from $66.2 million a year ago but ahead of the average analyst projection for a loss of $7 million. Zillow stock closed with a 0.6% decline at $33.44, then topped $38 in extended trading after the results were released.
Results reflect expanded margins in Zillow Group's IMT segment and sharp focus on Zillow Offers execution SEATTLE , Nov. 7, 2019 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ:Z) (NASDAQ:ZG), which is transforming ...
Rent and mortgages are more affordable for active-duty military and veteran households than the average household in all but three metros, and homes are more affordable to veteran households in all major ...
Google, Microsoft and Tesla are all expanding or looking at expanding in Atlanta. And no market in Atlanta is absorbing more office space this year than Midtown.
On the surface it may not seem like a big deal, but it's a problem for agents because they know many potential buyers use Zillow to search for homes.
With Austin struggling to add enough housing to meet demand, suburban areas on its periphery have seen home values skyrocket. It's great from an investment standpoint. But in many of these outlying areas, prices are still much lower than in Austin's core, so there is still plenty of room to grow.
SEATTLE , Oct. 29, 2019 /CNW/ -- Zillow®, the leading real estate and rental marketplace in the U.S., launched Canadian new construction listings on Zillow.com and Zillow's mobile app to increase connections between builders and home shoppers. Brookfield Residential, a leading North American home builder, is the first builder to have its homes displayed on Zillow in Canada . Brookfield Residential joins more than 250 Canadian brokerages and franchisors that have signed agreements to display listings on Zillow.com and Zillow's mobile app.
Zillow analysis finds most states don't require home sellers to disclose paranormal activity to buyers SEATTLE , Oct. 29, 2019 /PRNewswire/ -- Your dream home may be haunted, and in most states, sellers ...
SEATTLE, Oct. 25, 2019 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ:Z) (ZG) today announced that on October 23, 2019, the compensation committee of its Board of Directors granted equity awards to purchase an aggregate of 337,141 shares of its Class C stock to compensate 141 new employees under the company's 2019 Equity Inducement Plan. Shares authorized by the compensation committee under Zillow Group's 2019 Equity Inducement Plan may only be granted to newly hired employees (or employees following a bona fide period of non-employment) as an inducement material to such employees entering into employment with Zillow Group, pursuant to Rule 5635(c)(4) of the NASDAQ Listing Rules.
Billionaire hedge fund managers such as David Abrams, Steve Cohen and Stan Druckenmiller can generate millions or even billions of dollars every year by pinning down high-potential small-cap stocks and pouring cash into these candidates. Small-cap stocks are overlooked by most investors, brokerage houses, and financial services hubs, while the nearly unlimited research abilities of […]
Home sellers offered fewer price cuts as the number of unsold properties soared in the third quarter. NEW YORK, Oct. 24, 2019 /PRNewswire/ -- The number of homes for sale reached new highs in Brooklyn and Queens and jumped to near-highs in Manhattan, according to the Q3 2019 StreetEasy Market Reportsi. This latest data shows no imminent change to the gridlocked dynamics of New York City's sales market, where stubbornly high asking prices, especially in Manhattan, have driven away many potential buyers.