Top 5 Stock Picks of Ryan Frick and Oliver Evans’ Dorsal Capital Management

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In this article, we will discuss the top 5 stock picks of Ryan Frick and Oliver Evans’ Dorsal Capital Management. If you want to read our detailed analysis of the hedge fund’s investment philosophy, you can go directly to the Top 10 Stock Picks of Ryan Frick and Oliver Evans’ Dorsal Capital Management.

5. Zillow Group, Inc. (NASDAQ:Z)

Dorsal Capital Management’s Stake Value: $130,007,000

Percentage of  Dorsal Capital Management’s 13F Portfolio: 6.35%

Zillow Group, Inc. (NASDAQ:Z) offers digital real estate buying, selling, and financing services across the US through its website and mobile application. The Seattle, Washington-based corporation became part of Dorsal Capital Management’s holdings back in 2016 for a couple of quarters. However, the hedge fund initiated a long position again in Zillow Group, Inc. (NASDAQ:Z) stock in Q4 2020.

In an update released to investors on December 3, Brent Thill at Jefferies gave a price target of $115 on Zillow Group, Inc. (NASDAQ:Z) with a Buy rating.

Asset management firm Baron Funds mentioned Zillow Group, Inc. (NASDAQ:Z) in its Q3 2021 investor letter. Here’s what the firm said:

“Underperformance of our investments in Communication Services and Financials detracted the most from relative results. Weakness in Communication Services again came from Zillow Group, Inc., which operates real estate websites, a mortgage marketplace, and a home-buying business. Zillow was the third largest detractor due to concerns about negative impacts on the housing market from higher interest rates as well as execution risks in the company’s home-buying business.

Zillow Group, Inc. operates leading U.S. real estate sites, a mortgage marketplace, and a home-buying business. Shares were down due to concerns around rising interest rates and the potential knock-on effects to the housing market. Our channel checks have indicated that the housing market remains robust. Even if demand were to soften, Zillow’s offering could become even more valuable as it delivers high-quality buyer and seller leads. Longer term, we believe Zillow has an ample runway for growth given its strong management team and large customer base.”

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