Zillow Gr (NASDAQ:Z) Stock, Quote.Headers.trade-ideas

Zillow Gr

Zillow Group Inc is an Internet-based real estate company that offers its customers an on-demand experience for selling, buying, renting, or financing with transparency and ease The group works with real estate agents, brokers, builders, property managers, and landlords to pair technology with top-notch service. The group has brands such as Zillow, Trulia, StreetEasy, Hotpads, Zillow Rentals, Zillow Home Loans, ShowingTime, Follow Up Boss, Aryeo and others.

Zillow Photo via Shutterstock

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Zillow Group shares up after Wedbush upgrade to Outperform, raise price target to $80. Analyst expects boost from lower mortgage rates.

Zillow Upgraded, Analyst Predicts Strong Growth With Lower Mortgage Rates On The Horizon

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Jennifer Lopez files for divorce from Ben Affleck, selling their 38,000-square-foot mansion in Beverly Hills for $68 million on Zillow Group.

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Deep-pocketed investors have adopted a bearish approach towards Zillow Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in Z usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Zillow Gr. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 30% leaning bullish and 50% bearish. Among these notable options, 4 are puts, totaling $192,224, and 6 are calls, amounting to $369,411.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $42.5 to $70.0 for Zillow Gr over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Zillow Gr's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Zillow Gr's substantial trades, within a strike price spectrum from $42.5 to $70.0 over the preceding 30 days.
<h3>Zillow Gr 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726856282_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>Z</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$1.91</td>
<td>$1.8</td>
<td>$1.81</td>
<td>$70.00</td>
<td>$87.6K</td>
<td>3.0K</td>
<td style="text-align: right;">47</td>
</tr>
<tr>
<td>Z</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$14.75</td>
<td>$14.55</td>
<td>$14.66</td>
<td>$52.50</td>
<td>$73.3K</td>
<td>926</td>
<td style="text-align: right;">64</td>
</tr>
<tr>
<td>Z</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$1.4</td>
<td>$1.35</td>
<td>$1.35</td>
<td>$62.50</td>
<td>$67.5K</td>
<td>1.4K</td>
<td style="text-align: right;">9</td>
</tr>
<tr>
<td>Z</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$24.9</td>
<td>$24.7</td>
<td>$24.9</td>
<td>$42.50</td>
<td>$67.2K</td>
<td>327</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Z</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$8.15</td>
<td>$8.1</td>
<td>$8.1</td>
<td>$70.00</td>
<td>$66.4K</td>
<td>259</td>
<td style="text-align: right;">85</td>
</tr>
</tbody>
</table>

<h3>About Zillow Gr</h3>
Zillow Group Inc is an Internet-based real estate company that offers its customers an on-demand experience for selling, buying, renting, or financing with transparency and ease The group works with real estate agents, brokers, builders, property managers, and landlords to pair technology with top-notch service. The group has brands such as Zillow, Trulia, StreetEasy, Hotpads, Zillow Rentals, Zillow Home Loans, ShowingTime, Follow Up Boss, Aryeo and others.
<h3>Present Market Standing of Zillow Gr</h3>
<ul>
<li>With a trading volume of 2,423,245, the price of Z is up by 0.74%, reaching $68.34.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 40 days from now.</li>
</ul>
<h3>Expert Opinions on Zillow Gr</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $80.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Showing optimism, an analyst from Wedbush upgrades its rating to Outperform with a revised price target of $80. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Zillow Gr, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Decoding Zillow Gr's Options Activity: What's the Big Picture?

WIIM

Shares of housing-related stocks are trading higher after the Fed cut rates by 50 bps, which could affect housing demand.

Whales with a lot of money to spend have taken a noticeably bearish stance on Zillow Gr.
Looking at options history for Zillow Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>) we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 45% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $102,500 and 8, calls, for a total amount of $837,013.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $60.0 and $80.0 for Zillow Gr, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of Zillow Gr stands at 4100.0, with a total volume reaching 3,788.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Zillow Gr, situated within the strike price corridor from $60.0 to $80.0, throughout the last 30 days.
<h3>Zillow Gr Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726756269_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>Z</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$6.75</td>
<td>$5.65</td>
<td>$6.75</td>
<td>$61.00</td>
<td>$168.7K</td>
<td>3.3K</td>
<td style="text-align: right;">250</td>
</tr>
<tr>
<td>Z</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$3.25</td>
<td>$3.1</td>
<td>$3.21</td>
<td>$80.00</td>
<td>$159.4K</td>
<td>5.2K</td>
<td style="text-align: right;">771</td>
</tr>
<tr>
<td>Z</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$6.65</td>
<td>$6.3</td>
<td>$6.3</td>
<td>$70.00</td>
<td>$157.5K</td>
<td>15.0K</td>
<td style="text-align: right;">701</td>
</tr>
<tr>
<td>Z</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$12.5</td>
<td>$12.1</td>
<td>$12.1</td>
<td>$60.00</td>
<td>$152.4K</td>
<td>4.1K</td>
<td style="text-align: right;">238</td>
</tr>
<tr>
<td>Z</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$3.25</td>
<td>$2.97</td>
<td>$3.12</td>
<td>$80.00</td>
<td>$78.0K</td>
<td>5.2K</td>
<td style="text-align: right;">270</td>
</tr>
</tbody>
</table>

<h3>About Zillow Gr</h3>
Zillow Group Inc is an Internet-based real estate company that offers its customers an on-demand experience for selling, buying, renting, or financing with transparency and ease The group works with real estate agents, brokers, builders, property managers, and landlords to pair technology with top-notch service. The group has brands such as Zillow, Trulia, StreetEasy, Hotpads, Zillow Rentals, Zillow Home Loans, ShowingTime, Follow Up Boss, Aryeo and others.
Having examined the options trading patterns of Zillow Gr, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of Zillow Gr</h3>
<ul>
<li>With a volume of 1,145,368, the price of Z is up 3.92% at $67.66. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 41 days.</li>
</ul>
<h3>Professional Analyst Ratings for Zillow Gr</h3>
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $80.0.
<ul>
<li>Showing optimism, an analyst from Wedbush upgrades its rating to Outperform with a revised price target of $80. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Zillow Gr with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Check Out What Whales Are Doing With Zillow Gr

RDFN

Zillow Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>) shares are trading higher after Wedbush upgraded the stock from Neutral to Outperform and <a target="_blank" href="https://www.benzinga.com/quote/Z/analyst-ratings" rel="noreferrer noopener">raised its price target from $50 to $80</a>.
The analyst Jay McCanless writes they see a potential boost from lower mortgage rates for Zillow&#8217;s core brokerage business.
The S&amp;S revenues, included in the Residential revenue line, have contributed to faster revenue growth compared to the national existing home market in recent quarters, adds the analyst.
McCanless maintained third-quarter estimates, which are at the high end of Zillow&#8217;s guidance for AEBITDA and revenue, as lower rates may not benefit buyers until the fourth quarter.
Related Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40237128/zillow-group-q2-earnings-revenue-beat-eps-beat-strong-guidance-new-ceo-increasingly-diversified-and" rel="noreferrer noopener">Zillow Group Q2 Earnings: Revenue Beat, EPS Beat, Strong Guidance, New CEO, &#8216;Increasingly Diversified And Growing Business&#8217;</a>
For FY25, the analyst raised the revenue estimate to $2.5 billion from $2.4 billion and AEBITDA estimate to $679 million from $600 million.
Segment-wise, the analyst increased FY25 growth estimates for Residential revenue to 17% and Rental revenue to 10%, driven by strong rental demand and high construction activity.
On the other hand, McCanless lowered the FY25 opex/sales target to 77% due to higher revenue.
Mortgage revenue is projected to grow 5% year-over-year, though upside risk remains if Residential revenue grows as expected, adds the analyst.
Investors can gain exposure to the stock via&nbsp;Global X PropTech ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTEC#NASDAQ">PTEC</a>) and Jacob Funds Inc. Jacob Forward ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JFWD#NYSE">JFWD</a>).
Price Action: Z shares are up 4.84% at $62.63 at the last check Monday.
Photo via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/entertainment/24/08/40492075/bennifers-house-is-on-zillow-guess-the-taxes-j-lo-ben-affleck-paid-on-their-up-for-sale-cal" target="_blank" rel="noreferrer noopener">Bennifer&#8217;s House Is On Zillow: Guess The Taxes J Lo, Ben Affleck Paid On Their Up-For-Sale California Home</a></li>
</ul>

Zillow Group shares are trading higher after Wedbush upgraded the stock from Neutral to Outperform and raised its price target from $50 to $80.

BLDR

LGIH

Shares of housing stocks and homebuilders are trading higher. The sector may be on watch amid a drop in yields and as investors await rate cuts.

Whales with a lot of money to spend have taken a noticeably bullish stance on Zillow Gr.
Looking at options history for Zillow Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>) we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 22% of the investors opened trades with bullish expectations and 11% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $126,857 and 5, calls, for a total amount of $245,714.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $25.0 to $70.0 for Zillow Gr over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Zillow Gr's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Zillow Gr's whale trades within a strike price range from $25.0 to $70.0 in the last 30 days. 
<h3>Zillow Gr Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725907549_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>Z</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$1.47</td>
<td>$1.25</td>
<td>$1.41</td>
<td>$70.00</td>
<td>$80.9K</td>
<td>15.3K</td>
<td>893</td>
</tr>
<tr>
<td>Z</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$2.37</td>
<td>$2.36</td>
<td>$2.36</td>
<td>$65.00</td>
<td>$59.0K</td>
<td>5.9K</td>
<td>288</td>
</tr>
<tr>
<td>Z</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$3.7</td>
<td>$3.55</td>
<td>$3.62</td>
<td>$50.00</td>
<td>$39.0K</td>
<td>3.4K</td>
<td>1.1K</td>
</tr>
<tr>
<td>Z</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$1.48</td>
<td>$1.25</td>
<td>$1.38</td>
<td>$70.00</td>
<td>$37.9K</td>
<td>15.3K</td>
<td>319</td>
</tr>
<tr>
<td>Z</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$5.45</td>
<td>$5.3</td>
<td>$5.35</td>
<td>$65.00</td>
<td>$36.3K</td>
<td>439</td>
<td>0</td>
</tr>
</tbody>
</table>

<h3>About Zillow Gr</h3>
Zillow Group Inc is an Internet-based real estate company that offers its customers an on-demand experience for selling, buying, renting, or financing with transparency and ease The group works with real estate agents, brokers, builders, property managers, and landlords to pair technology with top-notch service. The group has brands such as Zillow, Trulia, StreetEasy, Hotpads, Zillow Rentals, Zillow Home Loans, ShowingTime, Follow Up Boss, Aryeo and others.
Having examined the options trading patterns of Zillow Gr, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is Zillow Gr Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 964,714, the Z's price is up by 0.39%, now at $53.53. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 51 days.</li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Zillow Gr options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Smart Money Is Betting Big In Zillow Gr Options

JMP Securities analyst Nicholas Jones reiterates Zillow Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZG#NASDAQ">ZG</a>) with a Market Outperform and maintains $62 price target.

Reiteration

JMP Securities Reiterates Market Outperform on Zillow Gr, Maintains $62 Price Target

Jennifer Lopez officially filed for divorce from Ben Affleck, ending the Hollywood relationship after two years of marriage. The couple has also put their former home, a 38,000-square-foot <a href="https://www.benzinga.com/topic/real-estate-investing">mansion in Beverley Hills, up for sale. </a>And while red-carpet superstars don't look like us, eat like us or dress like us, they do sell their homes the same way we do—by listing it on <a href="https://www.zillow.com/homes/2571-Wallingford-Dr-Beverly-Hills,-CA-90210_rb/20532066_zpid/?mmlb=g,34">Zillow</a>. Zillow Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>) has the property listed for $68 million, around $7 million more than the house was bought for in 2023. 
 See Also: <a href="https://www.benzinga.com/real-estate/24/08/40432456/the-million-dollar-dream-redfin-reports-nearly-10-of-u-s-homes-now-worth-1-million">The Million Dollar Dream – Redfin Reports Nearly 10% Of U.S. Homes Now Worth $1 Million </a><a href="https://www.benzinga.com/real-estate/24/08/40432456/the-million-dollar-dream-redfin-reports-nearly-10-of-u-s-homes-now-worth-1-million"> </a>The house comes with a large pool, and an even larger tax bill. Zillow shows that the California property tax for the house was more than $400,000 last year, a little higher than 1% of the home&#8217;s assessed value. And despite California's reputation for high taxes, the state's property tax rate is actually lower than most other states, according to <a href="https://www.bankrate.com/real-estate/property-tax-by-state/#tax-by-state">Bankrate</a>. If Bennifer's house were located in Connecticut, for example, the property tax would be around $800,000. In addition to the pool, the house features an indoor pickleball/basketball court, 12 bedrooms and 24 bathrooms. The house also has a fitness center and gym, a rooftop patio on the second floor and more.
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Image created using artificial intelligence via Midjourney.

Bennifer's House Is On Zillow: Guess The Taxes J Lo, Ben Affleck Paid On Their Up-For-Sale California Home

Deep-pocketed investors have adopted a bullish approach towards Zillow Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in Z usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Zillow Gr. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 60% leaning bullish and 30% bearish. Among these notable options, 4 are puts, totaling $187,936, and 6 are calls, amounting to $251,762.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $30.0 and $65.0 for Zillow Gr, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Zillow Gr's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Zillow Gr's whale activity within a strike price range from $30.0 to $65.0 in the last 30 days. 
<h3>Zillow Gr Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723829579_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>Z</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$2.42</td>
<td>$2.17</td>
<td>$2.29</td>
<td>$65.00</td>
<td>$59.0K</td>
<td>6.1K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Z</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$6.25</td>
<td>$6.2</td>
<td>$6.2</td>
<td>$55.00</td>
<td>$54.5K</td>
<td>5.1K</td>
<td style="text-align: right;">121</td>
</tr>
<tr>
<td>Z</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$5.0</td>
<td>$4.95</td>
<td>$4.95</td>
<td>$52.50</td>
<td>$53.9K</td>
<td>826</td>
<td style="text-align: right;">109</td>
</tr>
<tr>
<td>Z</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.35</td>
<td>$2.09</td>
<td>$2.29</td>
<td>$65.00</td>
<td>$43.5K</td>
<td>6.1K</td>
<td style="text-align: right;">450</td>
</tr>
<tr>
<td>Z</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$3.65</td>
<td>$3.55</td>
<td>$3.55</td>
<td>$47.50</td>
<td>$40.8K</td>
<td>5</td>
<td style="text-align: right;">116</td>
</tr>
</tbody>
</table>

<h3>About Zillow Gr</h3>
Zillow Group Inc is an Internet-based real estate company that offers its customers an on-demand experience for selling, buying, renting, or financing with transparency and ease The group works with real estate agents, brokers, builders, property managers, and landlords to pair technology with top-notch service. The group has brands such as Zillow, Trulia, StreetEasy, Hotpads, Zillow Rentals, Zillow Home Loans, ShowingTime, Follow Up Boss, Aryeo and others.
Following our analysis of the options activities associated with Zillow Gr, we pivot to a closer look at the company's own performance.
<h3>Present Market Standing of Zillow Gr</h3>
<ul>
<li>Trading volume stands at 1,232,947, with Z's price down by -0.15%, positioned at $53.25.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 75 days.</li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Zillow Gr, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Zillow Gr's Options Frenzy: What You Need to Know

U.S. stocks settled higher on Friday, after recording sharp losses earlier during the week. However, major indices recorded losses last week, with the Dow and Nasdaq falling by 0.6% and 0.18%, respectively.
Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst&#8217;s opinion to trust.
Benzinga&#8217;s Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell-side banks. Benzinga displays overnight ratings changes on a daily basis three hours prior to the U.S. equity market opening. Data specialists at investment dashboard provider Toggle.ai recently uncovered that the analyst insights Benzinga Pro subscribers and Benzinga readers regularly receive can successfully be used as trading indicators to outperform the stock market.
Top Analyst Picks: Fortunately, any Benzinga reader can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. One of the ways traders can sort through Benzinga&#8217;s extensive database of analyst ratings is by analyst accuracy. Here&#8217;s a look at the most recent stock picks from each of the five most accurate Wall Street analysts, according to Benzinga A<a href="https://www.benzinga.com/analyst-stock-ratings">nalyst Stock</a> Ratings.
Analyst: William Stein
<ul>
<li>Analyst Firm: Truist Securities</li>
<li>Ratings Accuracy: 85%</li>
<li>Latest Rating: Maintained a Hold rating on Diodes Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DIOD#NASDAQ">DIOD</a>) and cut the price target from $74 to $69 on Aug. 9. This analyst sees around 7% upside in the stock.</li>
<li>Recent News: On Aug. 8, Diodes reported better-than-expected second-quarter financial results and issued third-quarter revenue guidance above estimates.</li>
</ul>
Analyst: Lloyd Walmsley
<ul>
<li>Analyst Firm: Deutsche Bank</li>
<li>Ratings Accuracy: 84%</li>
<li>Latest Rating: Maintained a Buy rating on Zillow Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>) and increased the price target from $55 to $60 on Aug. 9. This analyst sees around 16% upside in the stock.</li>
<li>Recent News: On Aug. 7, Zillow reported better-than-expected second-quarter financial results..</li>
</ul>
Analyst: Mark Kelley
<ul>
<li>Analyst Firm: Stifel</li>
<li>Ratings Accuracy: 84%</li>
<li>Latest Rating: Reiterated a Buy rating on The Trade Desk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) and raised the price target from $105 to $111 on Aug. 9. This analyst sees around 12% upside in the stock.</li>
<li>Recent News: On Aug. 8, The Trade Desk reported better-than-expected second-quarter financial results.</li>
</ul>
Analyst: Doug Anmuth
<ul>
<li>Analyst Firm: JP Morgan</li>
<li>Ratings Accuracy: 83%</li>
<li>Latest Rating: Maintained a Neutral rating on Lyft, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) and cut the price target from $18 to $15 on Aug. 8. This analyst sees about 54% gain in the stock.</li>
<li>Recent News: On Aug. 7, Lyft reported its second-quarter financial results, reporting adjusted EPS of 24 cents, which beat the analyst consensus estimate of 19 cents.</li>
</ul>
Analyst: William Power
<ul>
<li>Analyst Firm: Baird</li>
<li>Ratings Accuracy: 83%</li>
<li>Latest Rating: Downgraded rating on Five9, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>) from Outperform to Neutral and slashed the price target from $90 to $40 on Aug. 9. This analyst sees around 29% upside in the stock.</li>
<li>Recent News: On Aug. 8, Five9 posted better-than-expected quarterly earnings.</li>
</ul>
Read More: 
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<li><a href="https://www.benzinga.com/markets/24/08/40298443/wall-streets-most-accurate-analysts-give-their-take-on-3-defensive-stocks-delivering-high-dividend-y">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Defensive Stocks Delivering High-Dividend Yields</a></li>
</ul>

This Analyst With 84% Accuracy Rate Sees Around 12% Upside In Trade Desk - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

These ten large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) shares jumped 41.15%&nbsp;following a strong earnings report and an optimistic&nbsp;<a href="https://www.benzinga.com//node/40231028" target="_blank" rel="noreferrer noopener">outlook&nbsp;for&nbsp;the third quarter&nbsp;of 2024</a>. Several analysts <a href="https://www.benzinga.com//node/40268815" target="_blank" rel="noreferrer noopener">revised the price target on the stock</a>.</li>
<li>Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) shares rocketed 38.23% after the company reported better-than-<a href="https://www.benzinga.com//node/40189435" target="_blank" rel="noreferrer noopener">expected results and raised its&nbsp;guidance</a>. The company also announced a partnership&nbsp;with Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) for enhanced&nbsp;analytics and AI <a href="https://www.benzinga.com//node/40251032" target="_blank" rel="noreferrer noopener">services to classified networks</a>.</li>
<li>Axon Enterprise, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) stock zoomed 30.62% after the company reported better-than-expected&nbsp;second-quarter results and raised its FY24<a href="https://www.benzinga.com//node/40201221" target="_blank" rel="noreferrer noopener"> revenue&nbsp;guidance&nbsp;above estimates</a>. Many analysts boosted <a href="https://www.benzinga.com/quote/axon/analyst-ratings" target="_blank" rel="noreferrer noopener">the stock&#8217;s price target</a>.</li>
<li>Fortinet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) shares were up 29.95% after the company reported quarterly results and<a href="https://www.benzinga.com//node/40203474" target="_blank" rel="noreferrer noopener"> issued&nbsp;guidance&nbsp;above estimates</a>. Many analysts increased <a href="https://www.benzinga.com/quote/ftnt/analyst-ratings" target="_blank" rel="noreferrer noopener">the price target on the stock</a>.</li>
<li>Trade Desk Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) stock gained 28.63% on better-than-expected <a href="https://www.benzinga.com//node/40290308" target="_blank" rel="noreferrer noopener">Q2 financial results</a> and a strong Q3 revenue outlook. Also, several analysts raised their <a href="https://www.benzinga.com/quote/ttd/analyst-ratings" target="_blank" rel="noreferrer noopener">respective price targets</a> on the stock.</li>
<li>Natera Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRA#NASDAQ">NTRA</a>) stock was up 24.28% last week on better-than-expected Q2 financial results and a strong annual revenue outlook. Several analysts also raised their <a href="https://www.benzinga.com/quote/ntra/analyst-ratings" target="_blank" rel="noreferrer noopener">respective price targets</a> on the stock.</li>
<li>SharkNinja, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SN#NYSE">SN</a>) stock zoomed 23.21% after the company recently reported <a href="https://www.benzinga.com//node/40247206" target="_blank" rel="noreferrer noopener">second-quarter FY24&nbsp;financial results</a>.</li>
<li>Zillow Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>) shares escalated 22.86% following better-than-expected&nbsp;<a href="https://www.benzinga.com//node/40237128" target="_blank" rel="noreferrer noopener">quarterly&nbsp;financial results</a>.</li>
<li>Aspen Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZPN#NASDAQ">AZPN</a>) shares grew 20.99% after the company reported&nbsp;fourth-quarter&nbsp;financial results <a href="https://www.benzinga.com//node/40226872" target="_blank" rel="noreferrer noopener">and issued strong&nbsp;guidance</a>.</li>
<li>Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) stock rose 20.73% after reporting <a href="https://www.benzinga.com//node/40223273" target="_blank" rel="noreferrer noopener">better-than-expected quarterly results</a>. Several analysts raised <a href="https://www.benzinga.com//node/40235721" target="_blank" rel="noreferrer noopener">their price targets on the stock</a>.</li>
</ol>
Also Read:
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<li><a href="https://www.benzinga.com/news/large-cap/24/08/40303623/warner-bros-airbnb-and-monster-beverage-are-among-top-10-large-cap-losers-last-week-aug-4-aug-10-a">Warner Bros, Airbnb And Monster Beverage Are Among Top 10 Large Cap Losers Last Week (Aug 4-Aug 10): Are The Others In Your Portfolio?</a></li>
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Photo via Shutterstock

AXON

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FTNT

KVUE

MSFT

NTRA

PLTR

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UBER

Shopify, Palantir And Uber Are Among Top 10 Large Cap Gainers Last Week (Aug 4-Aug 10): Are The Others In Your Portfolio?

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li>BTIG raised the price target for The Trade Desk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) from $110 to $114. BTIG analyst Clark Lampen maintained a Buy rating. Trade Desk shares gained 10.2% to trade at $97.23 on Friday. <a href="https://www.benzinga.com/quote/TTD/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Deutsche Bank boosted the price target for Zillow Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>) from $55 to $60. Deutsche Bank analyst Lloyd Walmsley maintained the stock with a Buy rating. Zillow shares rose 2.4% to trade at $50.59 on Friday. <a href="https://www.benzinga.com/quote/Z/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stephens &amp; Co cut Martin Marietta Materials, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLM#NYSE">MLM</a>) price target from $650 to $610. Stephens &amp; Co. analyst Trey Grooms maintained an Overweight rating. Martin Marietta Materials shares fell 1.2% to trade at $532.54 on Friday. <a href="https://www.benzinga.com/quote/MLM/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B. Riley Securities boosted the price target for YETI Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YETI#NYSE">YETI</a>) from $38 to $45. B. Riley Securities analyst Anna Glaessgen maintained a Neutral rating. YETI shares fell 4.3% to trade at $41.28 on Friday. <a href="https://www.benzinga.com/quote/YRTI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>DA Davidson raised Diebold Nixdorf, Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBD#NYSE">DBD</a>) price target from $55 to $65. DA Davidson analyst Matthew Summerville maintained a Buy rating. Diebold shares rose 5.7% to trade at $37.99 on Friday. <a href="https://www.benzinga.com/quote/DBD/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Evercore ISI Group boosted Doximity, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCS#NYSE">DOCS</a>) price target from $29 to $34. Evercore ISI Group analyst Elizabeth Anderson maintained an In-Line rating. Doximity shares gained 36% to trade at $34.90 on Friday. <a href="https://www.benzinga.com/quote/DOCS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Craig-Hallum cut the price target for Mitek Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MITK#NASDAQ">MITK</a>) from $19 to $15. Craig-Hallum analyst Chad Bennett maintained a Buy rating. Mitek shares dipped 25.3% to trade at $8.43 on Friday. <a href="https://www.benzinga.com/quote/MITK/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wells Fargo cut Five9, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>) price target from $80 to $65. Wells Fargo analyst Michael Turrin maintained an Overweight rating. Five9 shares fell 27% to trade at $31.03 on Friday. <a href="https://www.benzinga.com/quote/FIVN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>BMO Capital boosted CF Industries Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CF#NYSE">CF</a>) price target from $95 to $100. BMO Capital analyst Joel Jackson maintained an Outperform rating. CF Industries shares rose 0.1% to trade at $79.61 on Friday. <a href="https://www.benzinga.com/quote/CF/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Raymond James cut Alta Equipment Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALTG#NYSE">ALTG</a>) price target from $14 to $10. Raymond James analyst Bryan Fast downgraded the stock from Outperform to Market Perform. Alta Equipment shares fell 2% to trade at $6.28 on Friday. <a href="https://www.benzinga.com/quote/ALTG/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying Zillow stock? Here&#8217;s what analysts think:
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="569" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/09135523/image-67-1024x569.png" alt="" class="wp-image-487519" style="width:477px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/09135523/image-67-1024x569.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/09135523/image-67-300x167.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/09135523/image-67-768x427.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/09135523/image-67.png 1233w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read More: 
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<li>Jim Cramer: <a href="https://www.benzinga.com/markets/24/08/40285451/jim-cramer-this-energy-stock-is-a-buy-stay-away-from-dexcom">This Energy Stock Is A Buy, Stay Away From DexCom</a></li>
</ul>

ALTG

DOCS

MITK

YETI

Zillow Group To Rally Around 19%? Here Are 10 Top Analyst Forecasts For Thursday

Deutsche Bank analyst Lloyd Walmsley maintains Zillow Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>) with a Buy and raises the price target from $55 to $60.

Deutsche Bank Maintains Buy on Zillow Gr, Raises Price Target to $60

Investors with a lot of money to spend have taken a bullish stance on Zillow Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with Z, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 8 uncommon options trades for Zillow Gr.
This isn't normal.
The overall sentiment of these big-money traders is split between 62% bullish and 25%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $101,530, and 6 are calls, for a total amount of $186,518.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $45.0 to $52.0 for Zillow Gr over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Zillow Gr's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Zillow Gr's substantial trades, within a strike price spectrum from $45.0 to $52.0 over the preceding 30 days.
<h3>Zillow Gr Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723221090_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>Z</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$3.7</td>
<td>$3.55</td>
<td>$3.55</td>
<td>$45.00</td>
<td>$72.4K</td>
<td>2.4K</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>Z</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>08/16/24</td>
<td>$1.59</td>
<td>$1.49</td>
<td>$1.54</td>
<td>$50.00</td>
<td>$54.5K</td>
<td>4.7K</td>
<td style="text-align: right;">397</td>
</tr>
<tr>
<td>Z</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$3.65</td>
<td>$3.55</td>
<td>$3.55</td>
<td>$45.00</td>
<td>$29.1K</td>
<td>2.4K</td>
<td style="text-align: right;">289</td>
</tr>
<tr>
<td>Z</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/30/24</td>
<td>$2.11</td>
<td>$1.94</td>
<td>$1.95</td>
<td>$52.00</td>
<td>$28.4K</td>
<td>30</td>
<td style="text-align: right;">146</td>
</tr>
<tr>
<td>Z</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$1.58</td>
<td>$1.41</td>
<td>$1.5</td>
<td>$51.00</td>
<td>$26.2K</td>
<td>757</td>
<td style="text-align: right;">318</td>
</tr>
</tbody>
</table>

<h3>About Zillow Gr</h3>
Zillow Group Inc is an Internet-based real estate company that offers its customers an on-demand experience for selling, buying, renting, or financing with transparency and ease The group works with real estate agents, brokers, builders, property managers, and landlords to pair technology with top-notch service. The group has brands such as Zillow, Trulia, StreetEasy, Hotpads, Zillow Rentals, Zillow Home Loans, ShowingTime, Follow Up Boss, Aryeo and others.
Following our analysis of the options activities associated with Zillow Gr, we pivot to a closer look at the company's own performance.
<h3>Current Position of Zillow Gr</h3>
<ul>
<li>Trading volume stands at 1,823,149, with Z's price up by 4.25%, positioned at $51.5.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 82 days.</li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Zillow Gr options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

This Is What Whales Are Betting On Zillow Gr

Zillow shares are trading higher on continued strength after the company recently reported better-than-expected Q2 financial results.

Needham analyst Bernie McTernan reiterates Zillow Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>) with a Hold.

Needham Reiterates Hold on Zillow Gr

Zillow Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>) stock is moving higher on Thursday after the company reported better-than-expected second quarter earnings <a href="https://www.benzinga.com//node/40237128">on Wednesday</a>.
What To Know: Zillow reported adjusted EPS of 39 cents beating analysts estimate of 27 cents and sales of $572 million beating analysts estimate of $537.58 million.
The company broke down the $572 million in total revenue into $409 million in residential revenue, $119 million in rentals revenue and $34 million in mortgages revenue. Notably, mortgages revenue represents a 42% year-over-year increase and rentals revenue represents 29% year-over-year increase.
Also, the company reported adjusted EBITDA of $124 million and stated that at the end of the quarter cash and investments were $2.6 billion. 
Zillow announced that Jeremy Wacksman has been promoted to CEO and was appointed to the company&#8217;s Board of Director. &#8220;Zillow outperformed the residential real estate industry for the eighth consecutive quarter, delivering better-than-expected revenue across the business,&#8221; said&nbsp;Wacksman. 
&#8220;We&#8217;re executing well, continually shipping exceptional products and services in Zillow&#8217;s housing super app as we build the digital future of real estate. With an increasingly diversified and growing business, we are on our way to deliver strong GAAP profitability over time and meet our 2024 expectations to deliver double-digit revenue growth and modestly expand our Adjusted EBITDA margin. We are well positioned to capture more of our total addressable market and help more people get home.&#8221;
Analyst Changes: Following the earnings report, Wedbush analyst Jay McCanless reiterated Zillow Gr with a Neutral and maintained&nbsp;$50&nbsp;price target.
Related Link: <a href="https://www.benzinga.com/insights/analyst-ratings/24/08/40259731/what-analysts-are-saying-about-umh-properties-stock">What Analysts Are Saying About UMH Properties Stock</a>
Z Price Action: Zillow stock at the time of writing is trading 19.8% higher at $50.04, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image:

Why Zillow Stock Is Trading Higher Thursday

Investor risk sentiment is showing greater conviction on Thursday, with all indices and major stock sectors in the green, after Wall Street failed to hold onto opening gains and closed in the <a href="https://www.benzinga.com/markets/equities/24/08/40237781/wall-street-ends-wednesday-in-the-red-as-risk-sentiment-remains-fragile-s-p-500-movers-at-the-cl">red the previous day.</a>
Weekly jobless claims numbers, which came in at 233,000 last week — a significant drop from the previous 250,000 and below the expected 240,000 — <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/08/40251833/weekly-unemployment-claims-decline-more-than-expected-cool-recession-concerns-stocks-r">helped ease recession fears. </a>
Additionally, the notable decline in weekly claims in Texas suggests that a one-off event like Hurricane Beryl might have contributed to the increase in claims and the July unemployment rate, thus alleviating fears of a more structural trend.
Technology stocks are leading the charge, with the Nasdaq 100 showcasing a 2.2% rally. Among tech stocks, semiconductors are shining, with AI-linked trade back on track after significant <a href="https://www.benzinga.com/markets/equities/24/08/40259139/tech-stocks-rally-after-5-day-slump-as-recession-panic-eases-nasdaq-100-movers-to-watch-thursday">sell-offs in recent days.</a>
The iShares Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NYSE">SOXX</a>) rallied 5.7%, returning above its 200-day moving average after falling below it last Friday. Industrial, consumer discretionary and energy stocks are also posting significant gains.
The dollar continues its recovery against the Japanese yen after being hit by the unwinding of the carry trade until Monday. The dollar-yen exchange rate is looking at its third consecutive day of gains, continuing to reflect the dovish remarks made by the <a href="https://www.benzinga.com/markets/asia/24/08/40223986/traders-resume-yen-dollar-carry-trade-as-bank-of-japan-pledges-no-rate-hikes-during-market-volatilit">Bank of Japan on Wednesday.</a>
Bonds, which alongside the yen were favored during past sessions marked by recession fears, are now retracing as yields rise across the Treasury curve. The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) tumbled by 0.8% on Thursday, eyeing its third straight session of declines. The yield on the 10-year Treasury note surged by 5 basis points to 4%.
Commodities are showing solid gains, with gold and silver up by 1.5% and 3.5%, respectively. Oil is up 0.8%, with West Texas Intermediate (WTI) light crude returning above the $75 per barrel level.
Cryptocurrencies are soaring, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) posting a 7.9% daily gain, on track for its best session in about three months.
<h1 class="wp-block-heading">Thursday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,267.70</td>
<td>2.2%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,285.21</td>
<td>1.6%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,063.97</td>
<td>1.5%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>39,231.86</td>
<td>1.2%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:44 p.m. ET</figcaption></figure>
<h1 class="wp-block-heading">According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent080824&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:</h1>
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;rose 1.7% to $527.46.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;increased by 1.2% to $392.63.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) soared 2.4% to $445.17.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) gained 1.7% to $205.38.</li>
<li>All the sectors of the S&amp;P 500 saw gains, with the Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) leading the way, up by 2.8%. The more defensive Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) witnessed the lowest surge, up by 0.4%.</li>
</ul>
<h1 class="wp-block-heading">Thursday&#8217;s Stock Movers</h1>
Technology stocks rallying on improved risk sentiment are: 
<ul>
<li>Arm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) up 7.8%,</li>
<li>ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) up 7.1%,</li>
<li>Microchip Technology Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) up 6.2%,</li>
<li>Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) up 6.1%,</li>
<li>KLA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>) up 6%, </li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) up 5.9%</li>
</ul>
Stocks moving on earnings reports are: 
<ul>
<li>AppLovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) up 9.9%</li>
<li>Blink Charging Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLNK#NASDAQ">BLNK</a>) down 17%</li>
<li>Bumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMBL#NASDAQ">BMBL</a>) down 31%</li>
<li>Cars.com Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARS#NYSE">CARS</a>) down 6%</li>
<li>CyberArk Software Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>) up 7.2%</li>
<li>Fastly, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSLY#NYSE">FSLY</a>) down over 17%</li>
<li>Forward Air Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRD#NASDAQ">FWRD</a>) up nearly 22%</li>
<li>Hanesbrands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HBI#NYSE">HBI</a>), up 15%</li>
<li>HubSpot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) up 2.8%</li>
<li>Krispy Kreme, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DNUT#NASDAQ">DNUT</a>) up 14,</li>
<li>Marathon Oil Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRO#NYSE">MRO</a>) up 1.2%</li>
<li>Monster Beverage Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>) down 11%</li>
<li>Papa John&#8217;s International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) up 2.5%</li>
<li>PENN Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENN#NASDAQ">PENN</a>) up 7%</li>
<li>Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) down 0.5%</li>
<li>Restaurant Brands International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>) up 2.3%</li>
<li>Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) up 2.22%</li>
<li>Under Armor, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UA#NYSE">UA</a>) up 18%</li>
<li>Viasat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NASDAQ">VSAT</a>) up nearly 37%</li>
<li>Warner Bros. Discovery, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) down nearly 9%</li>
<li>Zillow Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>) up nearly 19%. </li>
</ul>
Those reporting after the close are Akamai Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>), CarGurus, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CARG#NASDAQ">CARG</a>), Dropbox, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBX#NASDAQ">DBX</a>), elf Beauty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>), Expedia Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>), Five9, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>), Gilead Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>), Insulet Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PODD#NASDAQ">PODD</a>), Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>), Take-Two Interactive Software, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>), Trade Desk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>), Unity Software Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>), and Yelp Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YELP#NYSE">YELP</a>).
Read Now:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40257259/robinhood-is-doing-everything-right-analysts-focus-on-new-products-traders-taking-m">Robinhood Is Doing &#8216;Everything Right&#8217;: Analysts Focus On New Products, Traders Taking Market Share From Competitors</a></li>
</ul>
Photo: Shutterstock

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