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Stock Market & Financial Investment News

News Breaks
April 7, 2014
11:12 EDTRP, Z, MOVE, LEDR, TRLA, EJZillow rises after monthly unique users jump in March
Shares of online real estate and home-related info provider Zillow (Z) are up after the company reported that its monthly unique users increased to 76.55M in March. WHAT'S NEW: Zillow reported on its company website after Friday's close that its monthly unique users for mobile apps and websites grew to 76.55M in March from 65.56M in February and 50.3M in March of last year. WHAT'S NOTABLE: On April 2, Zillow announced a partnership with Beijing Yisheng Leju Information Services in an effort to provide real-estate listings for a Chinse real-estate portal, which could give Chinese investors greater access to the housing market in the U.S. Financial terms of the partnership were not disclosed. In a written statement, Leju CEO Geoffrey Yinyu He said, "Many of our 60M users are interested in U.S. properties." Beijing Yisheng Leju Information Services is an affiliate of E-House (EJ). OTHERS TO WATCH: Other firms providing solutions for the real estate industry include Market Leader (LEDR), RealPage (RP), Trulia (TRLA), and Move, Inc. (MOVE). PRICE ACTION: During morning trading, shares of Zillow rose $3.41 or 3.75% to $94.41.
News For Z;EJ;LEDR;RP;TRLA;MOVE From The Last 14 Days
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March 19, 2015
07:21 EDTEJE-House price target lowered to $13 from $16 at Brean Capital
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March 18, 2015
06:40 EDTEJE-House sees FY15 revenue $1.05B-$1.1B, consensus $1.05B
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06:39 EDTEJE-House reports Q4 EPS 14c, consensus 19c
Reports Q4 revenue $312.3M, consensus $281.01M.
March 17, 2015
15:18 EDTEJNotable companies reporting before tomorrow's open
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March 16, 2015
16:02 EDTRPRealPage integrates two acquired vacation rental management platforms
RealPage announces the integration of two vacation rental management software platforms. Acquired by RealPage in early 2014, InstaManager provided booking and channel management to hundreds of vacation rental managers in the U.S. The second platform, Kigo, provided similar services to the European market. Later in 2014, RealPage acquired Kigo and has now combined the two platforms into a new, more robust solution available for license around the globe under the Kigo name.
07:40 EDTZZillow Group impact minimal from ListHub, says Canaccord
Canaccord believes Zillow will see little disruption from ListHub not sending its listings after the company won its legal battle against Trulia. News Corp. (NWSA) owned ListHub will stop sending the listings in April, but Canaccord believes the combined Zillow/Trulia guidance may hold some positive surprises and expects 2016 to be a breakout year for the company. Canaccord reiterated its Buy rating and $125 price target on Zillow shares.

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