"Everyone has a plan 'till they get punched in the mouth" - Mike Tyson

March 05, 2013

A look at Zillow's float

Zillow has just been on an incredible run lately since the bottom in November.  A cup with handle has now formed.  This move has been so deep and powerful the traditional 3 box PnF targets 90.  Clearly there is major demand for this stock.  


 I looked the recent fillings from funds with large ownership and recorded them in a table (there are likely errors).  I also took the short interest from mid-February and shares locked up.  Ofcourse these numbers aren't up to date but, it seems there is a real lack of supply here.  Clearly the consensus is the 1.6B valuation is too low.   Just thought this was worth pointing out.


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