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Zillow Group, Inc. reported a 1.32% decrease in insider ownership following the sale of 98,919 shares valued at $7.87 million over three months. The company's stock opened at $60.29, with a market cap of $14.62 billion and a PE ratio of -128.28. Analysts maintain a "Moderate Buy" rating, with a consensus price target of $81.71, while institutional investors hold 71.01% of the stock.
UBS analyst Chris Kuntarich has reaffirmed a Buy rating on Zillow Group, maintaining a price target of $98, as the stock trades at $83.84. Despite a slight increase in revenue estimates for FY25, EBITDA expectations were revised down, reflecting a longer period of variable expense deleverage. Analysts remain optimistic about Zillow's growth prospects, with several firms raising price targets and ratings amid strong housing market data.
UBS analyst Chris Kuntarich has reaffirmed a Buy rating on Zillow Group, maintaining a price target of $98, as the stock trades at $83.84. Despite a slight increase in revenue estimates for FY25, EBITDA expectations were revised down, reflecting a longer period of variable expense deleverage. Analysts remain optimistic about Zillow's growth prospects, with several firms raising price targets and ratings amid strong housing market data.
Zillow Group's stock target has been raised by UBS to $98, reflecting a nearly 60% gain over six months, with analysts projecting a slight increase in fourth-quarter earnings. The company reported a 17% revenue increase in Q3, driven by a 63% surge in mortgage revenue, despite a net loss of $20 million. Recent strategic moves include the redemption of convertible notes and the promotion of Jun Choo to COO, alongside acquisitions to enhance market presence.
CAO Jennifer Rock sold 3,187 shares of Zillow Group stock on November 13 for $235,838, reducing her holdings by 4.38% to 69,649 shares valued at $5,154,026. Over the past 90 days, insiders sold 139,689 shares, while institutional investors increased their stakes, owning 20.32% of the company. Zillow Group's stock has a "Moderate Buy" rating, with analysts predicting a potential upside of 25.68% from its current price.
Zillow Group, Inc. connects individuals with digital solutions for finding and purchasing homes, offering services through its various brands, including Zillow, Trulia, and StreetEasy. The company provides integrated experiences for agents and supports buyers, sellers, tenants, and partners with a comprehensive suite of marketing software and technology solutions. Its rental marketplace enhances property management and advertising for partners while facilitating connections with homebuilder partners for prospective buyers.
Investing in innovative stocks across various sectors, such as telemedicine, fintech, and urban mobility, presents significant growth opportunities. Companies like Hims & Hers Health and SoFi are leading with impressive annual growth rates, while others like General Motors and Mobileye focus on transformative technologies. A strategic, informed approach can help investors capitalize on these emerging trends.
Residents in San Jose, California, lead the nation in monthly bill expenses, averaging $3,695, which is 32% of their income. New York follows closely at $3,639, with costs driven by high housing and utility expenses. The report highlights that housing remains the primary factor influencing living costs across major U.S. cities.
Housing is slightly more affordable for Gen Z renters compared to millennials at the same age, with 58% of Gen Zers rent-burdened in 2022 versus 60% of millennials in 2012. Major cities like Austin, Phoenix, St. Louis, Orlando, and Pittsburgh show improved affordability, driven by increased housing supply from new construction. Gen Z renters are advised to keep housing costs under 30% of their income and to be aware of additional fees when budgeting for housing.
Homeowners are increasingly facing climate risks, with extreme weather events and rising insurance costs impacting the real estate market. Major insurers are scaling back in high-risk areas like California and Florida, while new data on climate risks is becoming available, potentially influencing home values and investment decisions. As awareness grows, platforms like Realtor.com and Zillow are integrating climate risk ratings, highlighting the urgency for homeowners and investors alike.
Zillow Group, Inc.
Companies
| Symbol | Z |
| Name | Zillow Group, Inc. |
| Currency | USD |
| Sector | Communication Services |
| IndustryGroup | Telecommunication Services |
| Industry | Diversified Telecommunication Services |
| Market | NASDAQ Global Select |
| Country | United States |
| State | WA |
| City | Seattle |
| Zipcode | 98101 |
| Website | http://www.zillowgroup.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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