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Z

Zillow

$50.86

-0.08 (-0.16%)

15:40
08/09/18
08/09
15:40
08/09/18
15:40

Put buyer in Zillow after earnings earlier this week

Put buyer in Zillow after earnings earlier this week. The stock off 12c to $50.83 and 5.8K Nov 50 puts bought to open for $3.80, tied to 234K shares. 6.7K trade total and the activity reflects concerns about further volatility in shares after a 14.8% drop to $49.56 on earnings Tuesday. November puts capture the next report in early-November.

Z Zillow
$50.86

-0.08 (-0.16%)

08/07/18
SPHN
08/07/18
NO CHANGE
Target $62
SPHN
Overweight
Zillow 'hiccups' provide buying opportunity, says Stephens
Stephens analyst John Campbell said Zillow's (ZG) core business continues to perform nicely despite the early growing pains seen in its new Homes business. He sees "some hiccups" triggering the guidance decrease and remains highly upbeat on Zillow over the long-term, recommending that investors use the weakness as a buying opportunity. He lowered his price target on the stock to $62 from $64 but maintains an Overweight rating on Zillow, whose Class A shares are down $9.50, or 16%, to $49.50 in pre-market trading.
08/07/18
BWSF
08/07/18
NO CHANGE
Target $194
BWSF
Sell
Zillow acquisition a risk for LendingTree, says BWS Financial
The acquisition of Mortgage Lenders of America by Zillow Group (ZG) is further risk to LendingTree's (TREE) business, BWS Financial analyst Hamed Khorsand tells investors in a research note. LendingTree is already facing a price ceiling on referral rates, the analyst contends. He believes Zillow buying one of the company's customers "emphasizes some of the headwinds that could persist for a while." Further consolidation among mortgage lenders could further deteriorate the ability for LendingTree to retain current level of referral rates, Khorsand contends. He keeps a Sell rating on the shares with a $194 price target.
08/07/18
08/07/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Zillow (Z, ZG) downgraded to Neutral from Buy at BofA/Merrill with analyst Nat Schindler saying the quarter indicated Zillow is taking longer than expected to ramp up the Homes business, Rentals revenue missed and the outlook cut, and other revenue also missed, indicating new construction opportunity is also taking longer to materialize. 2. CBS (CBS) downgraded to Hold from Buy at Argus with analyst Joseph Bonner citing significant downside risks for the company from both the sexual harassment allegations against CEO Moonves and the board's attempts to prevent the Viacom (VIAB) merger. 3. Extraction Oil & Gas (XOG) downgraded to Neutral from Outperform at Macquarie with analyst Paul Grigel citing increased risk from Colorado Initiative 97. 4. Wynn Resorts (WYNN) downgraded to Hold from Buy at Argus with analyst John Staszak citing its Q2 earnings miss, saying the gross gaming revenue in Macau has now missed consensus forecasts for the months of June and July. 5. Dentsply Sirona (XRAY) downgraded to Neutral from Outperform at Baird. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/07/18
08/07/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. BOFA CUTS ZILLOW TO NEUTRAL: BofA Merrill Lynch analyst Nat Schindler downgraded Zillow (Z, ZG) to Neutral from Buy and cut its price target to $60 from $70 following the Q2 report and reduction in guidance. Schindler said the quarter indicated Zillow is taking longer than expected to ramp up the Homes business, Rentals revenue missed and the outlook was cut, and other revenue also missed, indicating the new construction opportunity is also taking longer to materialize. Zillow Class A shares are down about 17% in late morning trading. MORGAN STANLEY SAYS WAYMO COULD BE WORTH $175B: Morgan Stanley analyst Brian Nowak increased his enterprise value estimate for Alphabet's (GOOG, GOOGL) Waymo unit from $75B for ride sharing only to $175B given his analyses for two other emerging business models, logistics and licensing. He believes Waymo remains on track to launch an autonomous ride hailing service in Phoenix this year and believes this business could be worth about $80B over the long-term. Given his view of Waymo being a key part of Alphabet's long-term value, Nowak raised his sum of the parts valuation to $1,550 from $1,400. He has an Overweight rating and $1,325 price target on Alphabet shares. GOLDMAN RAISES NVIDIA TARGET AHEAD OF EARNINGS: Goldman Sachs analyst Toshiya Hari raised his price target for Nvidia (NVDA) to $324 from $310 ahead of quarterly results. Unlike the past 10 quarters where the company handily beat Street estimates and raised guidance, the analyst expects a "noisy" quarter with the focal points being the upcoming product transition in Gaming, the current product transition in Datacenter, weakness in cryptocurrency mining, and potential disruption from the virus attack at TSMC (TSM). That said, Hari noted that his long-term bull thesis on Nvidia remains intact and reiterated a Buy rating on the shares. ARGUS CUTS CBS TO HOLD: Argus analyst Joseph Bonner downgraded CBS (CBS) to Hold from Buy, noting significant downside risks for the company from both the sexual harassment allegations against CEO Moonves and the board's attempts to prevent the Viacom (VIA, VIAB) merger. Bonner noted that if the Moonves allegations are proven true, he would be immediately dismissed, which could end the board's bid to remain independent and thereby inflict damage on the shareholders.

TODAY'S FREE FLY STORIES

IBTX

Independent Bank

$67.60

-1.15 (-1.67%)

, GBNK

Guaranty Bancorp

$30.20

-0.5 (-1.63%)

17:08
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IBTX

Independent Bank

$67.60

-1.15 (-1.67%)

GBNK

Guaranty Bancorp

$30.20

-0.5 (-1.63%)

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MPC

Marathon Petroleum

$83.37

1.44 (1.76%)

, ANDV

Andeavor

$154.80

2.19 (1.44%)

17:01
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Conference/Events
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MPC

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ANDV

Andeavor

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ANDV

Andeavor

$154.80

2.19 (1.44%)

, MPC

Marathon Petroleum

$83.37

1.44 (1.76%)

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ANDV

Andeavor

$154.80

2.19 (1.44%)

MPC

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1.44 (1.76%)

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  • 24

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EPRT

Essential Properties Realty Trust

$14.49

-0.015 (-0.10%)

16:45
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Breaking Hot Stocks news story on Essential Properties Realty Trust »

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BBSI

Barrett Business

$63.67

0.04 (0.06%)

16:43
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SIGA

Siga Technologies

$7.25

0.5 (7.41%)

16:42
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Conference/Events
Siga Technologies to host business news update conference call »

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  • 27

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SPY

SPDR S&P 500 ETF Trust

$292.03

-0.1774 (-0.06%)

, USO

United States Oil Fund

$14.95

0.145 (0.98%)

16:36
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General news
Weekly CFTC Commitment of Traders highlights »

S&P500 net long 0.1K…

SPY

SPDR S&P 500 ETF Trust

$292.03

-0.1774 (-0.06%)

USO

United States Oil Fund

$14.95

0.145 (0.98%)

GLD

SPDR Gold Trust

$113.48

-0.77 (-0.67%)

FXE

Euro Currency Trust

$112.55

-0.27 (-0.24%)

FXC

CurrencyShares Canadian Dollar Trust

$76.37

-0.09 (-0.12%)

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EMCF

Emclaire Financial

$37.90

0.84 (2.27%)

16:36
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Hot Stocks
Emclaire Financial announces shareholder, regulatory approval of merger »

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RHHBY

Roche

$0.00

(0.00%)

16:32
09/21/18
09/21
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16:32
Conference/Events
Roche to hold a conference call »

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  • 23

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IDA

IDACORP

$99.23

0.555 (0.56%)

16:31
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Hot Stocks
IDACORP raises quarterly dividend 6.8% to 63c per share »

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16:30
09/21/18
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Options
Preliminary option volume of 23.2M today »

Preliminary option volume…

ARGO

Argo Group

$61.50

1.3 (2.16%)

16:24
09/21/18
09/21
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16:24
Syndicate
Breaking Syndicate news story on Argo Group »

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  • 21

    Sep

VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
09/21/18
09/21
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16:20
Options
Closing CBOE SPX and VIX Index summary for September 21st »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
09/21/18
09/21
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Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
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Technical Analysis
NYSE market internals summary »

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HOG

Harley-Davidson

$45.33

-0.12 (-0.26%)

16:13
09/21/18
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Harley-Davidson analyst commentary  »

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MU

Micron

$44.65

-1.41 (-3.06%)

, ADBE

Adobe

$260.60

-5.73 (-2.15%)

16:10
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MU

Micron

$44.65

-1.41 (-3.06%)

ADBE

Adobe

$260.60

-5.73 (-2.15%)

MDT

Medtronic

$97.87

0.4 (0.41%)

MZOR

Mazor Robotics

$58.16

5.46 (10.36%)

TXN

Texas Instruments

$110.01

1.51 (1.39%)

ADT

ADT Inc.

$9.36

0.48 (5.41%)

AMZN

Amazon.com

$1,912.33

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SCS

Steelcase

$18.95

2.85 (17.70%)

NBEV

New Age Beverages

$6.03

-1.82 (-23.18%)

UNFI

United Natural Foods

$31.03

-2.8 (-8.28%)

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CRY

CryoLife

$34.25

0.3 (0.88%)

16:08
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Syndicate
Breaking Syndicate news story on CryoLife »

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NSEC

National Security Group

$15.22

0.83 (5.77%)

16:01
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SPPI

Spectrum

$21.44

-0.08 (-0.37%)

16:01
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  • 01

    Oct

TWTR

Twitter

$28.58

-1.28 (-4.29%)

15:58
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  • 26

    Sep

IVZ

Invesco

$24.20

-0.215 (-0.88%)

15:47
09/21/18
09/21
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Periodicals
Invesco in talks for MassMutual OppenheimerFunds unit, Bloomberg says »

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AAPL

Apple

$217.85

-2.15 (-0.98%)

15:47
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Apple says earlier issues with App Store, iTunes Store resolved »

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  • 26

    Sep

BA

Boeing

$372.35

4.65 (1.26%)

15:42
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Boeing delivers first 787 Dreamliner for Shanghai Airlines »

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MET

MetLife

$48.79

0.36 (0.74%)

15:42
09/21/18
09/21
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MetLife to host investor day »

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  • 27

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