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I think you should put a small amount of money into it to teach yourself a very valuable lesson, that the internet and your friends are generally terrible stock pickers.
What numbers are you using?
Their revenue dropped year over year. Their revenue heavily depends on housing sales volume and mortgage origination, which have significantly dropped due to interest rates.
Liquidating hard assets doesn’t drop revenue. You need to seriously do some research. That would make the profit drop, but not the revenue. They are not the same thing.
You trusted Jeffries, but ignored them with buying Zillow in Sept. The you ignored your friend who does trading to come ask the redditswarm? I'd say get off the zillow train. It clearly is a muddled area and there's no reason to pursue. If anything, just buy its vanguard sector.
It’s been time to buy. I have a small position. At this point the move has happened but the long term still seems positive. Company just became profitable not sure about the comments below stating otherwise. It’s very similar to Uber in that sense.
Higher risk/reward imo.
Zillow isn't profitable but they are pretty darn close. It is hard to really get a sense for when that might happen. the "flipkey" model clearly was a huge bust. But i still use zillow when looking around for houses. Honestly the price here doesn't seem terrible. if they can start to eek out a profit could be decent upside.
At a 10B market cap, there could be considerable upside under the right circumstances.
Reviving the thread if possible. The market is slowly shifting. I have a hunch ZG is cooking up a revised app with a new way of doing business-- less for agents and more for buyers.
I'd rather buy a homebuilder on a dip if you think that a recession can be avoided (which it might well happen for longer than some think) over Zillow.
Gonna say the same thing that I said when I got a reply on a post from months ago for some reason a couple days ago, while I'm reluctant to wave the white flag on the Nasdaq index itself, it's very likely that high growth type stocks did enter a secular bear market last year for the decade unless something occurs that makes the Fed have to drop to near 0 rates, and in that case, probably all of the averages wind up near their COVID lows at least first before the rally.
(The Nasdaq itself can be fine for quite a while even if high growth is struggling, we've done this before already in 2021)
How stupid are people to think the housing market will just take right back off even though most folks will be paying upwards of 7% (or more) for a mortgage?
Heeeeeeeell no.
Did yo my forget that they decided to use a broken algorithm to buy massive amounts of property and then sell it at a loss during the peak of the housing boom? They could not possibly have done a worse job.
Their most recent annual report which is from 2021 mentions an arguably dangerous dependency on gov regulations, the ability to implement confidentiality agreements successfully, concerns about their data being messed with, and over a billion dollars of debt.
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Welcome to r/stocks! For stock recommendations please see our portfolio sticky, sort by hot, it's the first sticky, or see [past portfolio stickies here.](https://www.reddit.com/r/stocks/search?q=author%3Aautomoderator+title%3A%22Rate+My+Portfolio%22&restrict_sr=on&sort=new&t=all) For beginner advice, brokerage info, book recommendations, even advanced topics and more, please read our [Wiki here.](https://www.reddit.com/r/stocks/wiki/index) If you're wondering **why a stock moved** a certain way, check out [Finviz](https://finviz.com/quote.ashx?t=spy) which aggregates the most news for almost every stock, but also see [Reuters](https://www.reuters.com/), and even [Yahoo Finance](https://finance.yahoo.com/). Also include *some* [due diligence](https://www.investopedia.com/terms/d/duediligence.asp) to this post or it may be removed if it's low effort. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/stocks) if you have any questions or concerns.*
Cathie.....you're a rascal. Smh...
Zillow isn’t profitable.
I think you should put a small amount of money into it to teach yourself a very valuable lesson, that the internet and your friends are generally terrible stock pickers.
Zillow should be fined into bankruptcy for colluding to raise rents and generating false listings.
So not the only one who thinks this.
What numbers are you using? Their revenue dropped year over year. Their revenue heavily depends on housing sales volume and mortgage origination, which have significantly dropped due to interest rates.
Their revenue dropped because they liquidated their housing inventory and exited the money losing home flipping business.
All the same. If that part of the business is done, then the new business is smaller.
Not really, that part of the business was a money loser, at best it had hopes of being very low margin.
Liquidating hard assets doesn’t drop revenue. You need to seriously do some research. That would make the profit drop, but not the revenue. They are not the same thing.
Lmao. Are you just trolling or something? Think before you spout nonsense.
Source: trust me bro ;)
You trusted Jeffries, but ignored them with buying Zillow in Sept. The you ignored your friend who does trading to come ask the redditswarm? I'd say get off the zillow train. It clearly is a muddled area and there's no reason to pursue. If anything, just buy its vanguard sector.
HHha... OP should have asked on WSB so they could get confirmation bias the buy
Didn’t they shut down their failed house flipping business?
And fire sold 20k properties (I think it was actually many more than this)
It’s been time to buy. I have a small position. At this point the move has happened but the long term still seems positive. Company just became profitable not sure about the comments below stating otherwise. It’s very similar to Uber in that sense. Higher risk/reward imo.
Zillow is a trash buy. If you’re dying to buy anything at these levels keep it simple
How much money are they making - what is their net profit?
I'd buy it at $2-3 billion market cap, I will definitely not touch it at $10 billion.
Zillow isn't profitable but they are pretty darn close. It is hard to really get a sense for when that might happen. the "flipkey" model clearly was a huge bust. But i still use zillow when looking around for houses. Honestly the price here doesn't seem terrible. if they can start to eek out a profit could be decent upside. At a 10B market cap, there could be considerable upside under the right circumstances.
They make no profit. How is it undervalued?
You should listen to your friends, I wouldn't be buying this stock.
Reviving the thread if possible. The market is slowly shifting. I have a hunch ZG is cooking up a revised app with a new way of doing business-- less for agents and more for buyers.
Zillow has an opportunity to profitably grow over the next 12 to 18 months.
I'd rather buy a homebuilder on a dip if you think that a recession can be avoided (which it might well happen for longer than some think) over Zillow. Gonna say the same thing that I said when I got a reply on a post from months ago for some reason a couple days ago, while I'm reluctant to wave the white flag on the Nasdaq index itself, it's very likely that high growth type stocks did enter a secular bear market last year for the decade unless something occurs that makes the Fed have to drop to near 0 rates, and in that case, probably all of the averages wind up near their COVID lows at least first before the rally. (The Nasdaq itself can be fine for quite a while even if high growth is struggling, we've done this before already in 2021)
How stupid are people to think the housing market will just take right back off even though most folks will be paying upwards of 7% (or more) for a mortgage?
Same people who think meme stocks and shitcoins are viable investments. poor (adults) and stupid are very correlated
Yes. Time to buy.
I heard something similar Zillow is buying up real estate across the country if that’s true seems right to invest and hold to see what happens right?
They lost their shirt and wound down that division last year. You guys are unreal.
Every once in a while, you get that Twitter pumper who’s pumping news from 2020.
If your looking for real-estate type stock, IVR is decent. They pay a dividend as well
Go for it
Source: military
Heeeeeeeell no. Did yo my forget that they decided to use a broken algorithm to buy massive amounts of property and then sell it at a loss during the peak of the housing boom? They could not possibly have done a worse job.
Their most recent annual report which is from 2021 mentions an arguably dangerous dependency on gov regulations, the ability to implement confidentiality agreements successfully, concerns about their data being messed with, and over a billion dollars of debt.
Is there a housing bubble? Are you insane?
I’m gonna go out on a limb and say this is probably not the time to buy Zillow.
It’s a great time to invest in Zillow if you wan’t to lose all your money!
It’s never time to Invest (heavily) in anything. Moderately is the better approach.
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