Zillow Group Inc $ 99.1 0.04 (0.04%)
Zillow Group Inc News and Headlines -
Zillow Group, Inc. (ZG) operates leading U.S. real estate sites, a mortgage marketplace, and the Zillow Offers home-buying business. Shares were up on strong second quarter results driven by record top-of-funnel metrics and a favorable newly public comp for the Offers business. In our view, Zillow is well positioned to penetrate the large online real estate advertising opportunity with substantial upside from Offers, which could grow the company's addressable market in both houses to be bought/sold and leads provided to Premier Agents, as well as from Zillow Home Loans.
From [url=https://www.gurufocus.com/StockBuy.php?GuruName=Ron+Baron]Ron Baron[/url] ([url=https://www.gurufocus.com/StockBuy.php?GuruName=Ron+Baron]Trades[/url], [url=https://www.gurufocus.com/holdings.php?GuruName=Ron+Baron]Portfolio[/url])'s Baron Partners Fund third-quarter
DEAR BARON PARTNERS FUND SHAREHOLDER:
Baron Partners Fund (the "Fund") advanced considerably in the third quarter of 2020 and meaningfully exceeded its comparable benchmarks and its peer group. The Fund gained 47.15% (Institutional Shares) in the quarter. The Russell Midcap Growth Index (the "Index") and S&P 500 Index were up 9.37% and 8.93%, respectively. The Morningstar Mid-Cap Growth Category Average rose 10.20%.
The Fund's quarterly performance is a continuation of the strong results exhibited since the depths of the COVID-19-induced market panic. The Fund has now advanced 74.41% since the start of the year. This result again compares favorably
Dear Baron WealthBuilder Fund Shareholder:
Baron WealthBuilder Fund (the “Fund”) advanced considerably in the second quarter of 2020 and meaningfully exceeded its comparable benchmarks. The Fund gained 35.46% (Institutional Shares) in the quarter. The S&P 500 Index (the “Index”) gained 20.54%. The MSCI ACWI Index, which measures global markets, increased 19.22%.
The Fund’s gains in the quarter have more than offset the sudden and rapid declines in the first quarter as COVID-19 began to impact America and halt many global economies. The Fund has now advanced 10.42% since the start of the year. This result compares favorably to its
The Arlington, Virginia-based value investment firm, which was founded by Sands’ father in 1992, approaches stock picking with the belief that, over time, stock prices reflect the underlying company’s earnings growth. Using a fundamental, business-focused process, the investment team looks for a concentrated number of high-quality, wealth-creating growth opportunities to hold for the long term.
Keeping these criteria in mind, Sands established positions in Uber Technologies Inc. (UBER), Square Inc. (SQ), Zillow
Dominant Services with a World of White Space
CoStar Group (CSGP) is a leading provider of commercial real estate information services. With an army of researchers, a massive proprietary database, and a track record of consistent investment, its services have become essential tools for real estate professionals. The group has built a wide moat that we believe is unlikely to be crossed by any competitor. CoStar Group scores high in our quality assessment and has a clean balance sheet. We have been able to buy the company at what we believe is a significant discount to intrinsic value, making it
Zillow (ZG) reported better than expected earnings for the third quarter. The company continued to expand its new fast-paced home buying and selling operation (its “Homes” segment) while executing better on its legacy listings business. The addressable market for Zillow’s Homes segment is very large and, in our view, continues to represent significant potential upside for the stock.
From [url=https://www.gurufocus.com/StockBuy.php?GuruName=First+Eagle+Investment]First Eagle Investment[/url] ([url=https://www.gurufocus.com/StockBuy.php?GuruName=First+Eagle+Investment]Trades[/url], [url=https://www.gurufocus.com/holdings.php?GuruName=First+Eagle+Investment]Portfolio[/url])'s Fund of America fourth-quarter 2019 commentary.
With a new year upon us, we remain in uncharted equity and economic waters. In the US, the current bull run has been the longest on record, as has the ongoing economic expansion. With unprecedented levels of global monetary stimulus, however, questions remain as to how much of the equity market’s rally over the past 10-plus years should be ascribed to central bank liquidity.
Still, for most market participants and observers the 2020 macroeconomic outlook appears positive, buoyed by a number of factors. The Federal Reserve, for example, lowered rates three times in 2019 but more recently indicated
Zillow Group, Inc. (ZG) operates leading U.S. real estate sites, a mortgage marketplace, and the Zillow Offers home-buying business. Shares appreciated on strong quarterly results due to acceleration in the core Premier Agent business and continued traction in the Offers business. We believe Zillow is well positioned to capitalize on the large opportunity in online real estate advertising, with substantial upside from its Offers business which we think can grow Zillow’s addressable market in homes for sale and generate additional leads for Zillow Premier Agents.
Zillow’s shift in its strategic business plan is also bearing results. Its core
Dear Baron Partners Fund Shareholder:
Baron Partners Fund (the “Fund”) performed well on an absolute and relative basis during the three months ended December 31, 2019. The Fund gained 17.74% (Institutional Shares) per share in the period. The Russell Midcap Growth Index (the “Benchmark”) rose 8.17%, the Morningstar US Fund Mid-Cap Growth Category Average increased 8.05%, and the S&P 500 Index gained 9.07%.
For the year 2019, Baron Partners Fund’s returns were also favorable. The Fund rose 45.38% per share. That compares to the Russell Midcap Growth Index and the Morningstar US Fund Mid-Cap Growth Category Average, which gained
UK-based Rightmove (LSE:RMV) operates the country’s number one real estate portal, which aims to make home moving easier (as indicated by the company name) through a simpler and more efficient property market place.
The company was formed in 2000 as a joint venture between four of the UK's largest property agents. As of the latest filing, individual insiders account for approximately 1% of total shares outstanding, which should be insignificant for a £6 billion Pound (approximately $7.81 billion) market cap business from a minority shareholder perspective.
The customers at Rightmove mainly include
Zillow Group, Inc. (ZG) operates leading U.S. real estate sites, a mortgage marketplace, and the Zillow Offers home-buying business. Shares declined on lowered revenue and profitability guidance for the second half of 2019, driven by Zillow’s expanded testing of success-based “Flex” pricing in select Premier Agent markets and hiring delays in the Mortgages business. We added to our Zillow investment.
From [url=https://www.gurufocus.com/StockBuy.php?GuruName=Ron+Baron]Ron Baron[/url] ([url=https://www.gurufocus.com/StockBuy.php?GuruName=Ron+Baron]Trades[/url], [url=https://www.gurufocus.com/holdings.php?GuruName=Ron+Baron]Portfolio[/url])'s Baron Partners Fund third-quarter 2019 shareholder letter.
Steven Eisman, of "The Big Short" fame, went on CNBC on Oct. 16 to talk about his favorite shorts and longs and why he is short Deutsche Bank (DB). Eisman starts off calling quantitative easing "monetary policy for rich people”. He believes it doesn’t help the economy and merely increases asset prices. He thinks it probably doesn't cause a bubble, as he doesn’t view stocks as that expensive.
The question of profitability
Eisman is short Deutsche Bank because it is trying to shrink itself to increase profitability. In Eisman's view, the bank shrinking itself will make
Steven Eisman, of "The Big Short" fame, went on Bloomberg on Monday to talk about the economy, China and two of his positions.
There is no question that we are in a massive industrial global slowdown, he said. purchasing managers indexes are below 50 everywhere. He is not going to cash, though and does not think the world is coming to an end. The question is whether this is becoming a recession. But even if it becomes a recession, that doesn't necessarily mean it will turn into a systemic crisis, he said.
Steven Eisman, who was portrayed in the movie and book "The Big Short," appeared on CNBC Aug. 8 to talk markets and one of his short positions. Eisman famously bet against subprime mortgages before the crisis.
Eisman said that he never relies on bond ratings by Moody's (MCO) and Standard and Poor's. Instead, he researches companies' credit risks himself. The business model of the rating agencies is unchanged since the credit crisis, he said. As long as issuers pay rating agencies, there is always the risk of credit rating inflation.
There is probably too much corporate
Increasing investments in new services and innovation could produce a stock price recovery for Zillow Group Inc. (ZG). The real estate marketplace is ramping up its home-selling capabilities, which could lead to cross-selling opportunities.
It is also seeking to improve existing offers in order to enhance the customer experience and provide greater differentiation versus its competitors.
Having fallen 22% in the last year versus a rise of 8% for the S&P 500, the stock could offer long-term recovery potential.
Plans to increase the coverage of Zillow Offers could enhance the company’s financial performance. The
Zillow Group Inc. (NASDAQ:Z) has struggled in recent months thanks to a number of factors. A slowdown in its core business, CEO turnover and an aggressive plan to expand into other real estate verticals have all contributed to the malaise.
Moving toward self-reinvention
Zillow’s core business is its online platform, which tracks real estate values, sales, in addition to offering a suite of digital transaction facilitation tools to buyers, sellers, broker and agents.
To combat the slowdown in its online business, Zillow has opted to expand the scope of its physical real estate business. Specifically, the company
Even though the stock has fallen from the $60 range last summer, a recent Bloomberg Businessweek article only further demonstrates that the company is trying all the wrong avenues to continue its high growth. In select markets, Zillow (Z) will buy your house for cash, make its own changes and resell. The problem is it still charges more than a realtor. Usually, when someone tries to buy your house in cash before it's listed, they help the owner avoid those charges.
The article went on to show multiple examples of how Zillow’s algorithm cannot beat the
The changes being made to Zillow (ZG)’s lead-generation service could lead to improving financial performance. The company has reported positive feedback from consumers, with further refinements having the potential to encourage a larger number of users.
The company’s recently launched homebuying and selling service has proved popular. Expansion into major metropolitan areas could mean that it becomes a more important part of the business, while its focus on improving customer satisfaction may allow it to expand its already dominant position in the advertising market.
While there are concerns about the prospects for the U.S. housing market as interest rate rises
We attribute Zillow (NASDAQ:ZG)’s recent share price decline to two factors–rising interest rates and shifting business model. Zillow is a leading service provider for real estate brokers. Although rising interest rates have caused both new and existing home sales to decline, we estimate Zillow’s lead generation revenues continue to increase significantly from prior year levels. This is because it has been able to increase prices and gain share of broker advertising which is several times as large as Zillow. Zillow user growth slowed modestly in the quarter and the company increased marketing spend. We believe Zillow’s data and algorithms
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.
From [url=http://www.gurufocus.com/StockBuy.php?GuruName=Ron+Baron]Ron Baron[/url] ([url=http://www.gurufocus.com/StockBuy.php?GuruName=Ron+Baron]Trades[/url], [url=http://www.gurufocus.com/holdings.php?GuruName=Ron+Baron]Portfolio[/url])'s third-quarter Baron Partners Fund shareholder letter.
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|2020-08-17 $ 79.82 (4.11%)|
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|2020-06-10 $ 59.51 (-2.43%)|
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|2020-06-08 $ 62.15 (4.42%)|
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|2020-05-21 $ 53.43 (0.04%)|
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|2020-05-12 $ 48.52 (-11.96%)|
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|2020-05-11 $ 55.11 (4.59%)|
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|2020-05-08 $ 52.69 (9.34%)|
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|2020-05-07 $ 48.19 (12.28%)|
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|2020-05-06 $ 42.92 (0.14%)|
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|2020-05-01 $ 41.73 (-4.16%)|
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|2020-04-30 $ 43.54 (-3.2%)|
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|2020-03-31 $ 33.97 (-2.13%)|
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|2020-03-27 $ 35.91 (-7.11%)|
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|2020-03-24 $ 35.52 (18.16%)|
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|2020-03-03 $ 53.51 (-2.03%)|
|2020-02-03 $ 46.59 (0.84%)|
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|2020-01-17 $ 47.66 (1.6%)|
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|2019-11-15 $ 39.51 (1.99%)|
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|2019-03-06 $ 38.02 (-2.74%)|
|2018-12-27 $ 31.93 (4.11%)|
|2018-11-29 $ 36.39 (4.63%)|
|2018-11-23 $ 29.14 (0.69%)|
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|2018-11-02 $ 41.5 (-0.81%)|
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|2017-04-25 $ 37.17 (1.89%)|
|2017-04-20 $ 35.95 (0.42%)|
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|2016-10-11 $ 32.58 (-2.6%)|
|2016-07-25 $ 38.17 (-1.06%)|
|2015-11-04 $ 28.83 (-6.97%)|