What happened to the Zillow homebuying business?
Zillow Group (ZG) Survey Shows Support for Housing Affordability. Zillow Group's (ZG) research finds that 77% of homeowners and renters support the construction of …
Is Zillow Group Inc-Class C capital (Zill) stock going to rise?
Zillow lost more than $230 million in its iBuying fire sale, but the stock is still surging
What is the growth rate of Zillow’s revenue?
Apr 03, 2022 · Zillow Group's stock was trading at $41.49 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, Z shares have increased by 14.9% and is now trading at $47.68.
Why is Zillow stock falling?
On Tuesday, Zillow announced it's winding down its homebuying business after determining that the program could result in "too much earnings and balance-sheet volatility," explained Zillow co-founder CEO Rich Barton.Nov 5, 2021
Is Zillow a good stock to buy 2021?
Based on the company's outlook, it is currently trading at 9.5x 2021 Gross Profit and 19.5x 2021 IMT EBITDA. With over 44% EBITDA margins and solid top-line growth, Zillow's core internet/software business looks like a decent deal at these valuations.Dec 21, 2021
Is Zillow a profitable company?
Zillow's core business is profitable if they don't pursue any other growth verticals, you still have a profitable business to invest in. Zillow's core business, it's Premier Agent Services mostly is a profitable business.Dec 14, 2021
Who owns Zillow stocks?
Top 10 Owners of Zillow Group IncStockholderStakeShares ownedThe Vanguard Group, Inc.11.74%21,484,388Independent Franchise Partners LL...5.33%9,746,306BlackRock Fund Advisors3.69%6,750,476Baillie Gifford & Co.3.51%6,416,2896 more rows
Is Zillow Group a buy right now?
5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Zillow Group in the last year. There are currently 2 hold ratings...
How has Zillow Group's stock price been impacted by Coronavirus?
Zillow Group's stock was trading at $41.49 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization....
When is Zillow Group's next earnings date?
Zillow Group is scheduled to release its next quarterly earnings announcement on Tuesday, May 3rd 2022. View our earnings forecast for Zillow Group .
How were Zillow Group's earnings last quarter?
Zillow Group, Inc. (NASDAQ:Z) released its quarterly earnings data on Tuesday, May, 4th. The financial services provider reported $0.25 earnings pe...
What guidance has Zillow Group issued on next quarter's earnings?
Zillow Group updated its first quarter 2022 earnings guidance on Thursday, February, 24th. The company provided EPS guidance of for the period. The...
What price target have analysts set for Z?
5 brokers have issued 12-month price targets for Zillow Group's shares. Their forecasts range from $75.00 to $185.00. On average, they expect Zillo...
Who are Zillow Group's key executives?
Zillow Group's management team includes the following people: Lloyd D. Frink , Executive Chairman & President ( LinkedIn Profile ) Richard N. Ba...
What is Rich Barton's approval rating as Zillow Group's CEO?
141 employees have rated Zillow Group CEO Rich Barton on Glassdoor.com . Rich Barton has an approval rating of 95% among Zillow Group's employees....
Who are some of Zillow Group's key competitors?
Some companies that are related to Zillow Group include MSCI (MSCI) , Global Payments (GPN) , eBay (EBAY) , CoStar Group (CSGP) , FLEETCOR Tec...
About Zillow Group
Zillow Group (NASDAQ:Z) Frequently Asked Questions
Zillow Group, Inc. engages in the provision of real estate and home-related information marketplaces on mobile and the web. It operates through the following segments: Internet, Media & Technology (IMT), Homes and Mortgages segment.
The real estate tech giant just disappointed investors in a big way
5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Zillow Group in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock.
What happened
Matt is a Certified Financial Planner based in South Carolina who has been writing for The Motley Fool since 2012. Matt specializes in writing about bank stocks, REITs, and personal finance, but he loves any investment at the right price. Follow him on Twitter to keep up with his latest work! Follow @TMFMathGuy
So what
The stock market was little changed on Wednesday morning, but real estate technology company Zillow ( NASDAQ:Z)( NASDAQ:ZG) was a big underperformer. As of 10 a.m. EDT, Zillow's stock was down by about 17%, and this is on top of a multi-day losing streak for the stock.
Now what
Zillow released its third-quarter earnings Tuesday afternoon, but it isn't the latest numbers that are causing today's plunge.
It wasn't just the wider tech stock sell-off that pressured Zillow's shares last month
It's certainly understandable for investors to be disappointed, as something like this can be a thesis-buster. After all, I personally bought Zillow shares because of the long-term potential of its iBuying business.
What happened
Demitri covers consumer goods and media companies for Fool.com, as well as broader moves in the economy. Follow @tmfsigma
So what
Zillow Group ( NASDAQ:Z) ( NASDAQ:ZG) shareholders trailed the market by a wide margin last month. Their stock dropped 23% in March compared to a 4.2% increase in the S&P 500, according to data provided by S&P Global Market Intelligence.
Now what
That earlier rally was likely the cause of some of the selling pressure on Zillow last month, especially when many of its peers were part of a wider tech stock sell-off. Other industry-specific factors contributed to Zillow's March decline, including rising interest rates and a poorly received earnings report from peer Opendoor Technologies.
OK, so what happened with Zillow?
Zillow's broader selling platform should allow it to continue capitalizing on its popular home shopping app, which last quarter notched a 27% traffic spike. But the stock might still be subject to extra volatility ahead of its next earnings report, likely due out in the first week of May.
Why does it matter?
This story really starts in 2018, when Zillow got into the then-nascent iBuying business. iBuying refers to the process in which deep-pocketed tech-enabled companies buy up homes, complete light renovations, and then sell them for a gain.
What's next?
For sellers, Zillow has offered a convenient — and sometimes lucrative — chance to sell a home quickly. Real-estate agents across the country have reported cases of Zillow paying well above the expected market value of a home, which means big paydays for some sellers.
What is Zillow's purpose in 2021?
Before Zillow shut down its iBuying arm, it was looking to offload 7,000 homes to an unnamed buyer — or buyers — for $2.8 billion, Bloomberg reported.
What happened to Zillow shares?
Zillow said it would use the proceeds for general corporate purposes and to repurchase some of its existing convertible senior notes due in 2021. Zillow also said it might use the funds for potential future acquisitions. Zillow Group wants to bolster its cash reserves. Image source: Getty Images.
Is Zillow offering more cash?
Shares of Zillow Group ( NASDAQ:ZG) ( NASDAQ:Z) fell nearly 12% on Tuesday after the real estate platform said it would seek to raise $1 billion via stock and convertible debt offerings.
