Zillow stock is uniquely positioned
Zillow is a strategically positioned online real estate marketplace. The site is tied to the housing market, but still shares characteristics similar to Yelp. So how does this reflect in the company’s stock? CNBC explains:
Recent earnings showed revenues were up 68.7% year over year," Mad Money’s Jim Cramer said. "In fact, subscription revenues and ad revenues are growing like crazy."
"Also, billionaire investor James Packer has been betting heavily on Zillow, to the point where his fund now owns 9.4% of the company," Cramer added.
Those two metrics, Cramer said, are meaningful.