Why does Zillow have two stocks? (2024)

Why does Zillow have two stocks?

Zillow underwent a stock split in 2015 while generating new share classes and now trades under the tickers Z and ZG. Z is for the new class of non-voting stock, C shares, while the A shares trade under the symbol ZG. Stock splits often have to do more with financial engineering than with company fundamentals.

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What is the difference between Zillow stock A and C?

Class A shares will have a symbol change from Z to ZG. The stock is EX on this date and commences trading at the adjusted price. Class C shares will have a symbol change from ZCVVV to Z, and commence trading on a regular way (T+3) basis.

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When did Zillow stock split?

The stock split occured on August 17th, 2015. One Z share bought prior to August 17th, 2015 would equal to 3.207 Z shares today.

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Who owns the most Zillow stock?

Largest shareholders include Caledonia (Private) Investments Pty Ltd, Vanguard Group Inc, BlackRock Inc., VGSIX - Vanguard Real Estate Index Fund Investor Shares, Independent Franchise Partners LLP, NAESX - Vanguard Small-Cap Index Fund Investor Shares, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, ...

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How many outstanding shares does Zillow have?

Zillow Group has 236.60 million shares outstanding. The number of shares has decreased by -3.55% in one year.

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Should I buy alphabet Class A or C stock?

Class C shares give stockholders an ownership stake in the company, just like Class A shares, but unlike common shares, they do not confer voting rights on shareholders. As a result, these shares tend to trade at a modest discount to Class A shares.

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Should I sell a or C shares?

Investors generally should consider Class A shares (the initial sales charge alternative) if they expect to hold the investment over the long term. Class C shares (the level sales charge alternative) should generally be considered for shorter-term holding periods.

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Will Zillow stock recover?

The average price target for Zillow Group Inc Class A is $60.36. This is based on 15 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $72.00 ,the lowest forecast is $40.00. The average price target represents 30.59% Increase from the current price of $46.22.

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Is it good to buy a stock that just split?

Is the split worth it? – Stock splits have no tangible impact on a company's total value—they simply create more shares at more affordable prices. Nor does a split change the total value of an investor's portfolio holding per se.

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Why do stock prices go up after a split?

While a split, in theory, should have no effect on a stock's price, it often results in renewed investor interest, which can have a positive effect on the stock price. While this effect may wane over time, stock splits by blue-chip companies are a bullish signal for investors.

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Has Zillow ever turned a profit?

Expansion and growth

In 2010, Zillow became profitable for the first time. In September of that same year, Spencer Rascoff was named CEO of the company. Rascoff was formerly Zillow's COO and VP of marketing, and before that had been at Expedia. Rich Barton stayed as executive chairman.

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Why did Zillow go out of business?

Zillow was unable to accurately forecast the price of homes and said the business ultimately required too much capital. Now, Zillow users will still be able to get an instant cash offer for their home, but the transaction is facilitated by Opendoor. Zillow will get a referral fee when a customer sells to Opendoor.

Why does Zillow have two stocks? (2024)
Does Zillow make a profit?

Zillow Net Income

The business recorded a loss of $158 million in 2023, and has had a net loss in income each year since 2012.

How much debt does Zillow have?

Analysis. Zillow's total debt for fiscal years ending December 2019 to 2023 averaged 2.067 billion. Zillow's operated at median total debt of 1.867 billion from fiscal years ending December 2019 to 2023. Looking back at the last 5 years, Zillow's total debt peaked in December 2020 at 2.52 billion.

What is the long term forecast for Zillow stock?

Z Stock 12 Months Forecast

Based on 7 Wall Street analysts offering 12 month price targets for Zillow Group Class C in the last 3 months. The average price target is $62.50 with a high forecast of $75.00 and a low forecast of $55.00. The average price target represents a 31.00% change from the last price of $47.71.

How much cash does Zillow have?

Zillow cash on hand for the quarter ending December 31, 2023 was $2.813B, a 16.38% decline year-over-year. Zillow cash on hand for 2023 was $2.813B, a 16.38% decline from 2022. Zillow cash on hand for 2022 was $3.364B, a 18.87% increase from 2021. Zillow cash on hand for 2021 was $2.83B, a 29.2% decline from 2020.

Why is GOOGL cheaper than GOOG?

Because GOOGL (class A) stock owners have voting rights, the shares tend to cost slightly more than GOOG (class C). However, the price difference is tiny — often less than $1, which is under 0.1% of the stock price. It also frequently happens that GOOG shares temporarily cost more than GOOGL shares.

Is AMZN a buy right now?

Fortunately, Amazon.com currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates. Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Amazon.com meets the list of requirements.

Is it better to own GOOG or GOOGL?

Both GOOG and GOOGL represent equal ownership stakes, and performance-wise, there's no significant difference between the two. Compare that to other tech giants, and you'll see, both GOOGL and GOOG are pretty liquid and trading them is as easy as pie.

How long should I hold C shares?

Class C shares would work best for investors planning to keep the fund for a limited, intermediate period, optimally more than one year but less than three. That way, you hold on long enough to avoid the CDSC, but not so long that the high expense ratio will take a major toll on the fund's overall return.

Do Class C shares pay dividends?

Because of the higher 12b-1 fees, Class C shares have higher expenses and any dividends paid on these shares are lower than dividends on Class A and Class R shares.

Why do C shares convert to A shares?

To reduce ongoing costs for long-term investors, Class C shares, including shares acquired by dividends, convert to Class A shares after an investor has owned them for 8 years.

Is Zillow a good buy right now?

Zillow Group Inc (A)'s market capitalization is $10.91 B by 55.28 M shares outstanding. Is Zillow Group stock a Buy, Sell or Hold? Zillow Group stock has received a consensus rating of buy. The average rating score is and is based on 37 buy ratings, 17 hold ratings, and 6 sell ratings.

Why is Zillow stock tanking?

Zillow fell hard after the NAR agreed to new rules changing the way realtors are compensated. The new rules could significantly reduce realtor commissions and force hundreds of thousands of realtors out of the business.

Should I buy Zillow stock now?

Out of 8 analysts, 4 (50%) are recommending ZG as a Strong Buy, 2 (25%) are recommending ZG as a Buy, 1 (12.5%) are recommending ZG as a Hold, 0 (0%) are recommending ZG as a Sell, and 1 (12.5%) are recommending ZG as a Strong Sell.

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