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Z

Zillow

$38.53

0.33 (0.86%)

, ZG

Zillow

$38.50

0.41 (1.08%)

08:28
10/15/18
10/15
08:28
10/15/18
08:28

Zillow partners with Realty Executives to receive Canadian listings

Zillow announced that as part of an expanded marketing agreement, Realty Executives International will send listings from their Canadian franchises to Zillow's mobile app and website. Zillow receives more than 100M visits from non-U.S. audiences a year, with a large share from Canada, and Realty Executives International's listings will soon benefit from that global exposure. Listings from several leading Canadian brokerages will soon be live on Zillow. Each Canadian listing will include a description and photos of the property, and will prominently feature the listing agent - with contact information - as well as a link to the brokerage or franchise website.

Z

Zillow

$38.53

0.33 (0.86%)

ZG

Zillow

$38.50

0.41 (1.08%)

  • 13

    Nov

Z Zillow
$38.53

0.33 (0.86%)

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.
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
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
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.
ZG Zillow
$38.50

0.41 (1.08%)

10/09/18
CHLM
10/09/18
NO CHANGE
Target $40
CHLM
Hold
Zillow price target lowered to $40 from $45 at Craig-Hallum
Craig-Hallum analyst Brad Berning lowered his price target for Zillow to $40 from $45, while reiterating a Hold rating on the shares. After further review of homes sales in Phoenix and Las Vegas, the analyst found the markup on homes sold to be over 300bp less than he expected, which raised more near-term questions and concerns than answers. Additionally, competition is heating up with RocketMortgage planning to launch an integrated easier home buying/loan approval driven platform, Realogy announcing its intentions to enter the iBuyer space and Redfin also saying it will be diving deeper into the sector, he adds. Although Berning believes Zillow is likely to emerge as a winner, near-term margins could see more pain from competition.
09/14/18
WEDB
09/14/18
INITIATION
Target $45
WEDB
Neutral
Zillow initiated with a Neutral at Wedbush
Wedbush analyst Ygal Arounian initiated Zillow with a Neutral rating and $45 price target. In a research note to investors, the analyst says that now that Zillow has reached a broad audience of users and traffic to its site, it is looking to move further down the real estate transactional "funnel," moving it further away from being a pure play internet company. He expects this to create a rotation in the company's investor base as well as the valuations that investors feel are appropriate for Zillow shares and views investor sentiment "mixed at best" until the pieces come together better and the full-scale opportunity is better understood by an evolving investor base.

TODAY'S FREE FLY STORIES

$NSD

NASDAQ Market Internals

$0.00

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14:17
10/18/19
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14:17
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$NYE

NYSE Market Internals

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14:16
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FANG

Diamondback Energy

$82.71

-1.42 (-1.69%)

14:15
10/18/19
10/18
14:15
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Options
Diamondback Energy put volume heavy and directionally bearish »

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  • 06

    Nov

QQQ

Invesco QQQ Trust

$192.00

-1.56 (-0.81%)

, SPY

SPDR S&P 500 ETF Trust

$298.50

-0.74 (-0.25%)

14:13
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10/18
14:13
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Technical Analysis
On The Fly: ETF fund flow highlights »

For the week creations…

QQQ

Invesco QQQ Trust

$192.00

-1.56 (-0.81%)

SPY

SPDR S&P 500 ETF Trust

$298.50

-0.74 (-0.25%)

IWM

iShares Trust Russell 2000 Index Fund

$152.78

-0.56 (-0.37%)

XLU

Utilities SPDR

$63.76

0.16 (0.25%)

IVV

iShares Core S&P 500

$300.17

-0.76 (-0.25%)

03/08/13
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03/06/13
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XEC

Cimarex Energy

$42.31

-0.36 (-0.84%)

14:05
10/18/19
10/18
14:05
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14:05
Options
Cimarex Energy call volume above normal and directionally bullish »

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  • 05

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SPXC

SPX Corporation

$40.48

0.265 (0.66%)

13:58
10/18/19
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13:58
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Initiation
SPX Corporation initiated  »

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  • 30

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    Nov

WE

We Company

$0.00

(0.00%)

, JPM

JPMorgan

$120.80

0.41 (0.34%)

13:58
10/18/19
10/18
13:58
10/18/19
13:58
Periodicals
SoftBank, JPMorgan submit competing rescue packages for WeWork, FT says »

SoftBank (SFTBF) and…

WE

We Company

$0.00

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JPM

JPMorgan

$120.80

0.41 (0.34%)

SFTBF

SoftBank

$0.00

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  • 18

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    Jan

13:55
10/18/19
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General news
Action Economics Survey results: »

Action Economics Survey…

JNJ

Johnson & Johnson

$129.11

-7.09 (-5.21%)

13:48
10/18/19
10/18
13:48
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13:48
Recommendations
Johnson & Johnson analyst commentary  »

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  • 18

    Oct

  • 07

    Dec

DIS

Disney

$131.17

-1.2 (-0.91%)

, SNE

Sony

$58.86

-1.195 (-1.99%)

13:47
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On The Fly
Box Office Battle: 'Maleficent,' 'Zombieland' sequels hit theaters »

Welcome to "Box Office…

DIS

Disney

$131.17

-1.2 (-0.91%)

SNE

Sony

$58.86

-1.195 (-1.99%)

T

AT&T

$38.09

0.27 (0.71%)

VIA

Viacom

$25.00

-0.6 (-2.34%)

VIAB

Viacom

$22.24

-0.37 (-1.64%)

CMCSA

Comcast

$45.49

-0.45 (-0.98%)

CMCSK

Comcast

$0.00

(0.00%)

LGF.A

Lionsgate

$8.50

-0.1 (-1.16%)

LGF.B

Lionsgate

$8.00

-0.07 (-0.87%)

03/08/13
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  • 22

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    Nov

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    Nov

MAS

Masco

$43.82

0.18 (0.41%)

13:45
10/18/19
10/18
13:45
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13:45
Options
Masco call volume above normal and directionally bullish »

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  • 30

    Oct

IGT

International Game

$13.15

-0.25 (-1.87%)

13:25
10/18/19
10/18
13:25
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13:25
Options
International Game call volume above normal and directionally bullish »

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13:25
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13:25
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13:25
General news
Wall Street is taking a hit on a couple of news items »

Wall Street is taking a…

13:25
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Conference/Events
JPMorgan autos/auto parts analyst to hold an analyst/industry conference call »

Autos & Auto Parts…

$NSD

NASDAQ Market Internals

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13:17
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$NYE

NYSE Market Internals

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13:16
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GGAL

Grupo Financiero

$12.45

-0.05 (-0.40%)

13:15
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Options
Grupo Financiero put volume heavy and directionally bearish »

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NWBO

Northwest Biotherapeutics

$0.00

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13:12
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Syndicate
Breaking Syndicate news story on Northwest Biotherapeutics »

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  • 06

    Nov

BA

Boeing

$355.77

-13.36 (-3.62%)

13:12
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13:12
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Periodicals
Boeing pilot said he 'lied' to FAA in texts to colleague, NY Times reports »

Mark Forkner, a Boeing…

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  • 23

    Oct

MAT

Mattel

$11.18

0.07 (0.63%)

13:06
10/18/19
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13:06
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Mattel analyst commentary  »

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  • 29

    Oct

13:05
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General news
Baker-Hughes Rig Count N. Amer. data reported »

Week of 10/18…

FEYE

FireEye

$15.06

-0.06 (-0.40%)

13:05
10/18/19
10/18
13:05
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13:05
Options
FireEye call volume above normal and directionally bullish »

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  • 29

    Oct

BHGE

Baker Hughes

$0.00

(0.00%)

13:03
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13:03
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13:03
Hot Stocks
Baker Hughes reports U.S. rig count down 5 to 851 rigs »

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  • 04

    Nov

MAT

Mattel

$11.26

0.15 (1.35%)

12:59
10/18/19
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12:59
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12:59
Periodicals
Study finds Fisher-Price Rock 'n Play 'dangerous and deadly,' CBS News says »

A study has found that…

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  • 29

    Oct

NKE

Nike

$95.67

0.13 (0.14%)

12:55
10/18/19
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12:55
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12:55
Options
Nike put volume heavy and directionally bearish »

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  • 22

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