5 Best PropTech Stocks to Buy According to Hedge Funds

3. Zillow Group Inc. (NASDAQ:ZG)

Zillow Group Inc. (NASDAQ:ZG) is one of the 7 best PropTech stocks to buy according to hedge funds.

On March 23, Zillow Group Inc. (NASDAQ:ZG) established a long-term deal with Major League Baseball. This made it MLB’s official marketplace provider for its real estate and home rentals. During the season, Zillow will be running national marketing initiatives on national TV, streaming, and digital platforms, which include MLB Network, MLB.TV, and Apple TV+ to promote its brand.

The company will also be sponsoring a number of events, which include Year-round league sponsorship, All-Star Week, and Postseason happenings. In addition to this, it has also announced Pennant Chase’s sponsorship throughout all media operated by MLB.

On March 17, Zillow Group Inc. (NASDAQ:ZG) announced Zillow Preview, a new product that brings pre-market home listings into the open by making them publicly visible on Zillow and Trulia. In his capacity as the Chief Executive Officer, Jeremy Wacksman declared that the company had been operating under the simple premise of believing that real estate works best when information is open and accessible.

Wacksman asserted that nobody should ever feel obligated to work with an agent of a certain brokerage firm to be aware of the full scope of the options that were available to them. He also stated that with Zillow Preview, the spotlight is shone on the options that might otherwise be in the dark.

Zillow Group Inc. (NASDAQ:ZG) is a technology-enabled platform for real estate market, operating through websites and mobile applications. It offers marketplaces for rentals, construction, agents and advertising of properties. Moreover, it also offers SaaS solutions for real estate transaction management. The company ensures a seamless experience for users who benefit from end-to-end real estate transaction solutions.