Valiant Capital exec boosts Zillow shares with recent comment at Sohn Con

May 6, 2019
Share this Post: 

Valiant Capital was reported stating that the stock in real estate portal Zillow is among its picks of portfolio, subsequently boosting online shares in the online real estate platform.

The huge advantage Zillow has here is so much traffic already coming to its site, Valiant President and Founding Partner Chris Hansen said from the Sohn Conference in New York. He added that Zillow is set for another big rally as they move to “flex” their competitive advantage and take of piece of the typical real estate commission.

“We think there’s another big stair-step for this business coming,” Hansen said.

Hansen lauded the company for its no-hassle design, allowing customer to bypass onerous tasks like hiring an agent, fixing up the home, and others. He also highlighted that Zillow will offer to buy some homes in as little as 7 to 10 days.

Valiant Capital Management is a $2.7 billion global long/short equity hedge fund founded by Christopher R. Hansen in March 2008. Prior to that, Christopher Hansen was a Managing Director of Blue Ridge Capital from 2001 to January 2008. Mr. Hansen is the President and portfolio manager of Valiant and is supported by six junior partners who serve as senior analysts.

Read more here

Join us in Miami Beach, June 5-7 for the Global Online Marketplaces Summit.

Mia2019 April 19 Banner

May 6, 2019

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Zillow Housing Data
Zillow Rolls Out AI-Assisted Home Tours Nationwide

Home shoppers across the U.S. can now tour homes virtually using Zillow's free, AI-generated floor-plan tool. Zillow's AI-generated floor plan is...

Read More
Scout24 Boardroom
Scout24 Revenues Grow 15% in Q2 as User Subscriptions Grow to Nearly 300,000

Scout24, Germany's dominant portal, has released its half-year results, with strong performance across the board. Highlights include: Revenue growth of...

Read More
Shutterstock 1356000662
REA Group Smashes A$1 Billion Revenue Barrier as it Capitalizes on 'Buoyant Listings Environment' in FY22

The Australian real estate portal operator REA Group has released its report for the 2022 Australian financial year. Highlights from...

Read More
Shutterstock 502750987
Opendoor Gets Fined $62m, Partners up with Zillow

Opendoor—an iBuying specialist based in the US—has been fined by $62 million by the FTC for misleading customers and posted...

Read More

Editor's Pick