Home Stock Is Zillow Setting Up for a Big Move?
imageStock Markets4 minutes ago (Sep 23, 2021 11:31AM ET)

(C) Reuters. Is Zillow Setting Up for a Big Move?

Zillow Group (NASDAQ:ZG) Inc. (Z) has been trending in a sideways range over the past few weeks where it has formed a resistance line and a level of support. The stock is expected to break through either level at some point. Read more to learn how to take advantage of this trading opportunity. Zillow Group Inc . (Z) is an Internet-based real estate company that has historically focused on deriving ad revenue from third-party brokers on online marketplaces such as Zillow.com, Trulia, and HotPads. More recently it has shifted its focus to iBuying via the Zillow Offers platform.

The company is benefiting from strong momentum in the IMT and Mortgage segments. It is also positioned to gain from increased demand in residential real estate. This demand should drive performance in the Homes segment in the years ahead.

Z had $4.6 billion cash as of the end of the most recent quarter, compared with only $1.3 billion in short-term debt. The company also has a low debt-to-equity ratio of 0.5. Sales have grown an average of 49.4% per year over the past three years and are expected to rise 205.5% year over year in the current quarter,

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Is Zillow Setting Up for a Big Move?

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Is Zillow Setting Up for a Big Move?

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