Zillow Stock Falls On Unusually High Volume (Z)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK ( TheStreet) -- Zillow (Nasdaq: Z) is trading at unusually high volume Tuesday with 3.4 million shares changing hands. It is currently at four times its average daily volume and trading down $3.17 (-7.1%) at $41.24 as of 10:31 a.m. ET.

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Zillow has a market cap of $1.51 billion and is part of the services sector and diversified services industry. Shares are up 101.4% year to date as of the close of trading on Monday.

Zillow, Inc. engages in the operation of a real estate information marketplace in the United States. The company has a P/E ratio of 452.8, below the average diversified services industry P/E ratio of 646.9 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Zillow as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the stock itself is trading at a premium valuation. You can view the full Zillow Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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