Zillow (ZG US) was our preferred property classified play into Monday morning’s news; we still like it very much, although RMV is likely to shine this month. Zillow’s 2Q result in August reaffirmed our view that the stock is turning around nicely, with our June purchase already up ~30%. Zillow is a $US12.6bn company similar to REA Group (REA) but exposed to the much bigger North American market.
- We’re bullish ZG initially targeting the $US65 area, or +20% higher – MM is long Zillow (ZG US) in our International Companies Portfolio.
MM is long and bullish Zillow
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