17,753 Shares in Ziff Davis, Inc. $ZD Purchased by Horizon Investments LLC

Horizon Investments LLC bought a new position in Ziff Davis, Inc. (NASDAQ:ZD) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 17,753 shares of the technology company’s stock, valued at approximately $624,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ZD. NBC Securities Inc. raised its holdings in shares of Ziff Davis by 121.3% in the 4th quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock worth $31,000 after acquiring an additional 485 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Ziff Davis by 207.1% in the 4th quarter. GAMMA Investing LLC now owns 906 shares of the technology company’s stock worth $32,000 after acquiring an additional 611 shares during the last quarter. First Horizon Corp purchased a new stake in Ziff Davis in the 3rd quarter valued at about $35,000. Tower Research Capital LLC TRC increased its stake in Ziff Davis by 568.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,568 shares of the technology company’s stock valued at $138,000 after buying an additional 3,885 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in Ziff Davis in the 2nd quarter valued at about $145,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Barclays increased their price objective on shares of Ziff Davis from $34.00 to $45.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 4th. Susquehanna increased their price objective on shares of Ziff Davis from $45.00 to $60.00 and gave the company a “positive” rating in a research note on Tuesday. Royal Bank Of Canada reiterated an “outperform” rating and issued a $40.00 price objective on shares of Ziff Davis in a research note on Tuesday, February 24th. Citigroup increased their price objective on shares of Ziff Davis from $29.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, March 6th. Finally, Zacks Research lowered shares of Ziff Davis from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Ziff Davis has a consensus rating of “Hold” and an average price target of $43.00.

Ziff Davis Trading Down 5.3%

NASDAQ:ZD opened at $41.02 on Friday. Ziff Davis, Inc. has a 52 week low of $22.45 and a 52 week high of $50.55. The firm has a 50-day moving average price of $42.48 and a two-hundred day moving average price of $37.25. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 36.30 and a beta of 1.14. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.27 and a current ratio of 1.27.

Ziff Davis (NASDAQ:ZD) last released its earnings results on Thursday, May 7th. The technology company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. Ziff Davis had a net margin of 3.26% and a return on equity of 12.04%. The firm had revenue of $267.64 million during the quarter, compared to the consensus estimate of $264.32 million. During the same period in the prior year, the firm earned $1.14 EPS. The company’s revenue was down 1.9% compared to the same quarter last year. On average, equities analysts expect that Ziff Davis, Inc. will post 4.26 earnings per share for the current fiscal year.

About Ziff Davis

Ziff Davis, Inc is a digital media and internet company that operates a diverse portfolio of online brands, subscription-based services and performance marketing platforms. The company specializes in technology publishing and digital marketing solutions, offering content, reviews and insights tailored to consumer and enterprise audiences. Ziff Davis’s flagship media properties include PCMag, which provides expert reviews and comparisons of consumer electronics and software, as well as IGN, a leading destination for gaming news, reviews and entertainment coverage.

Founded in 1927 by William B.