Z - Zillow Group, Inc.
| Previous Close | 34.45 |
| Open | 34.58 |
| Bid | 35.12 x 800 |
| Ask | 36.21 x 4000 |
| Day's Range | 34.55 - 36.04 |
| 52 Week Range | 26.38 - 51.47 |
| Volume | 2,950,710 |
| Avg. Volume | 2,915,225 |
| Market Cap | 7.413B |
| Beta (3Y Monthly) | 0.27 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -1.16 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 46.75 |
- Yahoo Finance Video
Lower interest rates boost home shopping: Realtor.com
Some mixed news is out on the state of the housing market. Realtor.com finds in a new report that lower interest rates are bringing more buyers into the market, but inventories are coming down as more potential sellers decline to list. Realtor.com’s Chief Economist Danielle Hale joins Yahoo Finance’s Brian Sozzi to discuss.
- American City Business Journals
Redfin expands Dallas office as a base for its growing homebuying business
As Redfin expands its direct homebuying and mortgage businesses, the Seattle-based brokerage is growing its footprint outside the city. The RedfinNow team is equally split between Seattle and Dallas, but team lead Quinn Hawkins said the Dallas base will ultimately grow faster than Seattle. RedfinNow’s Dallas employees do estimation, vendor management and payment planning, though the company also established Dallas as its first engineering hub outside Seattle and San Francisco.
- Motley Fool
Why You Should Invest In International Stocks
Especially if you're an American investor, chances are good that you'd benefit from more international diversification.
- PR Newswire
U.S. Home Value Growth Strong, but Slowing
Home value appreciation has slowed each month this year, and is at its lowest level since 2015 - The rate of year-over-year home value growth has fallen in each of the past seven months. The median U.S. ...
- Moody's
Realogy Group LLC -- Moody's downgrades Realogy CFR to B1, sr sec to Ba2, sr uns to B3; outlook remains negative
Moody's Investors Service ("Moody's") downgraded Realogy Group LLC's ("Realogy") Corporate Family rating ("CFR") to B1 from Ba3, Probability of Default rating ("PDR") to B1-PD from Ba3-PD, senior secured bank credit facility to Ba2 from Ba1 and senior unsecured notes to B3 from B2. The Speculative Grade Liquidity rating ("SGL") was affirmed at SGL-2. "The rating downgrades are driven by Moody's expectations for debt to EBITDA to remain elevated while economic conditions remain uncertain and competitive pressures continue to rise," said Edmond DeForest, Moody's Senior Credit Officer.
- GuruFocus.com
Worm Capital, LLC Buys Zillow Group Inc, Sells Netflix Inc, Spotify Technology SA, Alibaba ...
Investment company Worm Capital, LLC (Current Portfolio) buys Zillow Group Inc, sells Netflix Inc, Spotify Technology SA, Alibaba Group Holding during the 3-months ended 2019Q2, according to the most recent filings of the investment company, Worm Capital, LLC. Continue reading...
- Barrons.com
Buy Zillow Stock for Its $2 Billion Revenue Opportunity, Analyst Says
Zillow’s rollout of its Premier Agent Flex program could be a long-term win for the company, according to SunTrust Robinson Humphrey.
- InvestorPlace
To Find Artificial Intelligence Stocks to Buy, Think Like Bill Gates
Artificial intelligence stocks are finding their way into lots of portfolios these day -- and, in fact, they were already there. Alphabet (NASDAQ:GOOGL) uses artificial intelligence (AI) to keep a stranglehold on the internet, with the almighty Google search engine. When you're using its Google Maps to navigate, and it reroutes you because of traffic, that's AI, too. If you use Netflix (NASDAQ:NFLX), LinkedIn, Zillow (NASDAQ:Z), or any other service that makes personalized recommendations, then you use AI.But today I'm here to talk about a totally different kind of AI… one that Bill Gates said could be worth 10 Microsofts.That's a big claim -- considering that Microsoft (NASDAQ:MSFT) is already a $1 trillion company, by market cap -- and Bill Gates is one of the smartest people in the world. So, I'm sure he doesn't say that lightly.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnother of the smartest analysts I know, Cathie Wood of ARK Investments, says Gates is low-balling it! She thinks this variety of AI will "approach $17 billion in market cap" (emphasis mine).To show you why, let me give you my quick "elevator speech" on AI as I see it…and the specific opportunity that narrows the field of stocks to buy. * 7 Safe Dividend Stocks for Investors to Buy Right Now The big subset of AI that everyone's working in now is machine learning. That's where machines can actually learn from massive amounts of data, without having to be reprogrammed. They do the work themselves. But it takes a lot of work to write each little algorithm that sets this all in motion.Let me give you an example:Say you want your AI to be able to identify a cat. It might sound simple. But to do this with machine learning, the scientists would have to choose what's called classifiers to help determine whether it's a cat or not. Maybe they go by the shape of the face and ears, the way the eyes look, the way it stands and moves, that sort of thing. Then the scientists hand-code all of those classifiers.What Bill Gates and Cathie Wood are so excited about is called deep learning. With deep learning, the scientists start by creating a neural network. This is more like how our own, human brains work. The neurons perform their task, pass the baton to the next neurons, and so on until the task is complete.With deep learning, the AI truly teaches itself what a cat looks like! This is what a Google scientist did a few years ago. He built a neural network, then ran 10 million cat videos through it. This kind of deep learning learns how to identify cats much the way you and I did: by being shown, "This is what a cat looks like."The fact that we can now mimic human reasoning like that is incredible. And it really is the future. These days, we've thought of lots of ideas for AI…and now deep learning will make them actually possible. Artificial Intelligence Stocks: Get Ready for the BoomDeep learning will transform many industries. One I always highlight in my investing services is transportation.Self-driving cars are the classic example of artificial intelligence and how it will change our daily lives -- eventually.Right now, it's hard to imagine getting into an autonomous vehicle (AV). But as Mark Zuckerberg of Facebook (NASDAQ:FB) puts it, "If you're arguing against AI, then you're arguing against safer cars that aren't going to have accidents." After all, an algorithm can't have road rage, and it'll never drive poorly because it skipped its morning coffee.Fully autonomous vehicles will only become a reality on public roads with deep learning. Any driver, human or otherwise, needs to read signs in a split second. With machine learning, you can teach AI to identify a STOP sign, but you'll need to hand-code the classifiers, and program it to look for the red color, the eight sides, and the letters S-T-O-P. But if a tree branch is laying across it, you can't be sure this AI will still know to STOP!If the car is driving itself, you want it to be able to think and react like a human brain. AVs will have to instantly know that they've encountered a bike, a person, a street sign, or any other object, and then determine the best action to take.That is the kind of "brain power" we get with deep learning. And if you're looking for artificial intelligence stocks to buy, you've gotta jump on this trend; it's incredibly valuable! The chart below from Persistence Market Research shows deep learning increasing nearly 40-fold from this year to 2027.This estimate is even bigger than the ones we saw from Bill Gates and Cathie Wood. Persistence Market Research expects deep learning's market value to hit $25 trillion.Any way you slice the numbers, I see the upside in artificial intelligence, and more specifically deep learning, as among the greatest wealth creation opportunities in the next decade. It's time to start finding the best artificial intelligence stocks to buy. The AI Company That's About to Grow 3XTwilio (NYSE:TWLO) is a stock I'd have to mention in any discussion of AI.This company is not working with stop signs, or cats -- it's a communications company, which lets you message your friends and associates anywhere in the world through the cloud. Like any company on the cutting-edge of AI, it still has crazy upside. Revenue is projected to triple in the next three years.My only caveat here is that with a revolutionary trend like AI, you do have to think big…bigger than any one individual stock.In addition to companies that need game-changing technology, you want to invest in companies that provide the technology. The Technological Breakthrough That Makes AI PossibleThe more AI takes hold to make our lives and businesses run more smoothly and efficiently, the more data will be required, and created. Huge amounts of data. And to process all this data -- you need superior hardware. This is the crux of the $1 billion deal between Microsoft and a little-known company called OpenAI.And all of those devices need to be powered.That's why any investor needs to be on the lookout for the next big breakthrough in battery technology. It's an innovation that will have multi-trillion-dollar economic implications:Think of a world with self-driving electric cars that have massive ranges. Think of an iPhone that needs charging just once per month. Think of mass adoption of clean solar and wind energy. Think of airplanes that run on batteries. Think of the eventual demise of the oil and gas industry.This is where we're headed -- but there are some serious limitations to the current technology. Lithium-ion batteries are too bulky, without enough battery life, and with too many safety concerns, not to mention the fact that key materials are in short supply. That's why I believe the next big battery breakthrough will go down as one of the greatest inventions of the 21st century.I've spent an enormous amount of time studying the battery industry. I can tell you this mega innovation isn't a matter of "if," it's a matter of "when." Click here for my presentation with the results of my research. That way, you can get in on this trend BEFORE the world catches on.Matthew McCall is the founder and president of Penn Financial Group, an investment advisory firm, as well as the editor of Investment Opportunities and Early Stage Investor. He has dedicated his career to getting investors into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA), +1,044% in Tesla (TSLA), +611% in Liquefied Natural Gas Limited (LNGLY), +324% in Bitcoin Services (BTSC), just to name a few. If you're interested in making triple-digit gains from the world's biggest investment trends BEFORE anyone else, click here to learn more about Matt McCall and his investments strategy today. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Real Estate Investments to Ride Out the Current Storm * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk * 7 Safe Dividend Stocks for Investors to Buy Right Now The post To Find Artificial Intelligence Stocks to Buy, Think Like Bill Gates appeared first on InvestorPlace.
- Yahoo Finance
Home buyers face 'bad timing' as inventories fall
Low inventories are weighing on home sales even as mortgage rates fall to near-record lows, Realtor.com says.
- Motley Fool
Splashy Revenue Growth Isn't Enough for Zillow
Zillow reported 84% year-over-year growth, but profits remain elusive.
- PR Newswire
Most Young Adults Expect Climate Change to Affect Them Personally
SEATTLE, Aug. 13, 2019 /PRNewswire/ -- As we enter the start of hurricane and fire season, a new survey by Zillow® shows half (50%) of residents of major U.S. metro areas believe climate change will affect their homes or communities within their lifetime. According to the latest Zillow Housing Aspirations Report, young adults and people who live in coastal metros are the most likely to anticipate their lives will be impacted by climate change. This comes on the heels of an analysis published last month by Zillow and Climate Central that found that more than 800,000 existing homes worth $451 billion will be at risk in a 10-year flood by 2050.
- Motley Fool
Redfin's Plan to Disrupt Real Estate
Redfin wants to make it easier to buy and sell homes online.
- American City Business Journals
Zillow Offers drives hiring across the company
About one-third of the job openings are for Zillow Offers, the home-buying and selling segment that brought in nearly half of the company’s Q2 revenue.
- American City Business Journals
Need to know: Washington wine, the Mercer Mega Block and Zillow's big money maker
The Business Journal Managing Editor Rob Johnson catches you up on recent Seattle-area business news, including the Washington wine scene and a big property deal in South Lake Union.
- Barrons.com
‘Big Short’ Investor Steve Eisman Says Zillow’s Home Buying Business Is Dangerous
Steve Eisman, the investor made famous for his “Big Short” of the U.S. mortgage market, is betting against online real estate company Zillow, saying the company’s foray into directly buying and selling homes is “dangerous.”
- Bloomberg
Zillow’s Makeover Is Testing Investors’ Patience
(Bloomberg) -- Zillow Group Inc. Chief Executive Officer Rich Barton likens his effort to transform the company’s business model -- and ultimately the way Americans buy and sell homes -- to an attempt to walk on the moon. So far it’s been a bumpy ride.Investors hammered Zillow shares after it reported earnings this week, as changes to the way the company sells ads, combined with mounting losses from its year-old home-flipping business, spooked investors.Shares were down 21% for the week as of 11:50 a.m. New York time, the largest weekly decline since November, and a familiar slalom for investors, especially at earnings time. Last August, the company told investors it had underestimated the time it would take to close home purchases, and that unpopular changes to its core advertising business had chased off real estate agents. Shares plummeted 16% that week, and suffered a weekly loss of 27% the next time it reported earnings, three months later.“Any time you have significant business transformations, you’re going to have more volatility in the operating numbers, and more volatility in how the stock reacts to the numbers,” said Jason Deleeuw, a senior research analyst at Piper Jaffray & Co. “There’s just a lot going on there.”For most of Zillow’s 14-year history, the company made money by helping real estate agents connect with homebuyers who visited Zillow’s websites to browse listings. Zillow was, in sales jargon, the top of the funnel. It wanted to get closer to the actual transactions, so last year, it started using its website to buy homes directly from sellers so that it could make minor repairs and resell the properties on the open market. It also retooled the way it worked with real estate agents, culling bad prospects and connecting good ones directly with agents, instead of its previous method of passing on unsorted leads in one big email dump.The home-flipping business, modeled after a similar effort by Softbank-backed Opendoor, unnerved investors, who saw the low-margin, labor-intensive strategy as a big leap for a company that mainly employed software engineers to sell online ads. Agents hated the changes to the ad platform, and some stopped spending money on Zillow ads. The company backtracked, and agent churn eventually normalized.Co-founder Barton took over as CEO when the company reported earnings in February and shares surged as investors focused on consumer demand.“The really astounding thing for me is how quickly the Zillow Offers business has grown,” Barton said in an interview. “It’s being driven by people who want an easy, convenient, hassle-free way to sell a home.”Now Zillow has made more changes to its ad business, charging some agents a percentage for converted sales instead of a flat rate for every lead. The changes to the advertising business have the potential to be good for everyone, said real estate tech strategist Mike DelPrete, providing better service to homebuyers, higher profits for Zillow, and a more efficient marketing strategy for smart agents. It also means that Zillow will have to wait longer to recognize revenue, since it’s not getting paid until home sales close.There were other new challenges, too. Zillow lowered its forecast for its nascent mortgage-lending business, explaining it was still developing the technology. It also said it was writing down the values of homes that took longer than expected to sell.“I assumed 2019 was going to be the investment year,” said Andrew Eisenson, an analyst at Bloomberg Intelligence. “Maybe 2020 is going to be an investment year too.”(Updates with weekly share declines.)To contact the reporter on this story: Patrick Clark in New York at pclark55@bloomberg.netTo contact the editors responsible for this story: Debarati Roy at droy5@bloomberg.net, Rob UrbanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- The Basis Point
How Zillow Makes Billions Reinventing How We Buy & Sell Homes
Zillow wants to make $22 billion per year by turning Zillow into a one-stop shop for selling, buying, and financing your home. Here's how it's going so far.
- American City Business Journals
Zillow expanding sales leads program into Atlanta
Zillow Group Inc. is launching its leads-generation program for real estate agents in Atlanta by the end of the year. In an Aug. 7 conference call with analysts, CEO Rich Barton confirmed the decision, saying its flex pricing program for residential brokers would be expanded to Atlanta and Phoenix in the fourth quarter. Zillow first launched the leads program in Florida last year.
- The Basis Point
How Zillow Makes Money On Its Mortgage Business
Details on now Zillow mortgage division makes money. Important as Zillow adds home buying, selling, financing to media and advertising revenue model.
- Motley Fool
Why Zillow Group, Sarepta Therapeutics, and CenturyLink Slumped Today
Earnings and other bad news hit these stocks hard.
- Motley Fool
Why Zillow Group Stock Sank Today
Lower-than-expected guidance for one of the online real estate empire's key businesses has investors scared.
- Barrons.com
Zillow Stock Dives After Earnings. Here’s What Wall Street Is Saying.
Zillow Group stock plummeted in Thursday trading after the online real estate company lowered its revenue estimates for its important advertising business.
- Yahoo Finance
Zillow's stock plummets nearly 20% after Q2 earnings disappoint
Zillow's stock is plummeting, as their path to profitability with their new Zillow Offers program is murky.
- MarketWatch
Zillow's stock tumbles after downbeat outlook trumps earnings beat
Shares of Zillow Group Inc. tumbled 15% in premarket trading Thursday, after the real estate services company provided a downbeat full-year revenue outlook, as the expected receipt of some revenue is being delayed, on the back of upbeat second-quarter results. Chief Financial Officer Allen Parker said late Wednesday on the post-earnings conference call with analysts that 2019 Premier Agent revenue, at the midpoint of guidance ranges, is now expected to grow 1% from a year ago. The FactSet consensus of $923.4 million implies a 2.8% increase. Parker on the call that a portion of the expected Premier Agent revenue, from markets are the company's test is being expanded, "is now expected to shift from Q4 into futures periods," according to a transcript provided by FactSet. Zillow's stock had initially gained in after-hours trading Wednesday after the company beat earnings expectations. Wedbush analyst Ygal Arounian reiterated his neutral rating on Zillow: "The opportunity is large, but Zillow is going through a gigantic pivot that we think investors have so far underestimated the challenges of, particularly as the race to dominate the end-to-end residential real estate technology stack picks up." The stock had run up 42.8% over the past three months through Wednesday, while the S&P 500 has edged up 0.2%.
