$Z

ZILLOW GROUP, INC. (Z) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Retirement of Chief Accounting Officer; Appointment of Principal Accounting Officer Jennifer Rock has notified Zillow Group

Zillow's motion for a preliminary injunction was denied, sending its claims against MRED to arbitration. Zillow aims to fight for a fair housing market, while MRED calls the ruling a victory for transparency. Compass and Zillow shares fell after the Federal Reserve rate hike. Zillow sued Compass and MRED in May, alleging collusion to hide listings.

Zillow lost a legal battle against MRED and Compass, with a judge ruling that Zillow failed to prove antitrust violations. MRED may cut off Zillow's listing feed, while Zillow denies banning MRED listings. Both parties are assessing next steps, with ongoing arbitration and legal battles. The ruling could influence other disputes, including a separate case in New York.

Zillow (Z) faces legal setback as a court denies its injunction request against MRED, risking loss of Chicago listings. Stock fell 2% to $31.96. GF Value™ estimates Zillow is 59.5% undervalued at $31.96 vs. $78.88 intrinsic value. Insiders sold $15.1M shares over 12 months. GF Score™ is 64/100, with strong financial health but weak profitability.

Zillow Group Inc (Z) is trading at $32.12, 59.3% below its GF Value™ of $78.88, indicating undervaluation. A court ruling removed a mandate requiring Midwest Real Estate Data to provide Zillow with property listings, favoring competitor Compass. Zillow must now resolve disputes through arbitration. The company has a GF Score™ of 64/100, reflecting moderate financial health. Insiders sold $15.1 million in shares over the past year, with no insider buying.

Zillow faces two lawsuits from shareholders over its Redfin partnership, alleging antitrust violations and executive misconduct. Plaintiffs claim executives sold stock and misled investors. Zillow denies wrongdoing. Separately, Louisiana brokers sue their local Realtor® association over a merger, citing lack of member support. A Texas broker's appeal against NAR's membership fees was denied.

Zillow is facing a shareholder lawsuit alleging antitrust risks and misleading statements regarding its deal with Redfin. The complaint claims executives sold $81M in stock before the FTC lawsuit and stock price drop. The plaintiff seeks damages and governance changes. Zillow denies wrongdoing, calling the deal pro-competitive.

Zillow reports U.S. home sales fell 0.6% year over year in August, with the typical home value rising 1.3% to $369,678. Elevated mortgage rates (avg. 6.5%) pushed monthly payments up 2% to $1,897. Rentals also increased 2.5% to $1,948. Price cuts rose 0.5% to 26.3% of listings, but 29.6% sold above list price. Zillow's Chief Economist predicts soft sales into 2024 due to high mortgage rates.

Opendoor Technologies (OPEN) fell 7% to $2.79 after CEO Kaz Nejatian revealed a 6-8 week delay in adjusted net income break-even timeline. Rising Treasury yields exacerbate the company's inventory-carry model. Offerpad (OPAD) and Zillow Group (ZG) also declined but less sharply. Opendoor expects 10-15% revenue growth this quarter but faces margin pressures.

Zillow faces antitrust scrutiny over agreements with Redfin and practices like conditioning agent referrals on using its lending service. The FTC settled with Zillow and states over claims of anticompetitive agreements, while a class-action lawsuit by real estate agents is ongoing. Compass previously sued but dismissed its case after Zillow changed its listing policy. The FTC's case focused on two agreements between Zillow and Redfin, including a $100 million partnership and an exclusive content