Ziff Davis, Inc. $ZD Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 3.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,451,419 shares of the technology company’s stock after selling 181,995 shares during the period. Vanguard Group Inc. owned approximately 11.27% of Ziff Davis worth $156,467,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. NBC Securities Inc. raised its holdings in Ziff Davis by 121.3% in the 4th quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock valued at $31,000 after buying an additional 485 shares during the period. GAMMA Investing LLC raised its stake 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 valued at $32,000 after acquiring an additional 611 shares during the period. First Horizon Corp acquired a new position in shares of Ziff Davis in the 3rd quarter worth approximately $35,000. Tower Research Capital LLC TRC boosted its position in shares of Ziff Davis by 568.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,568 shares of the technology company’s stock worth $138,000 after purchasing an additional 3,885 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in Ziff Davis in the 2nd quarter valued at approximately $145,000. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ZD shares. Zacks Research lowered Ziff Davis from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Citigroup increased their target price on Ziff Davis from $29.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, March 6th. Barclays raised their target price on Ziff Davis from $45.00 to $48.00 and gave the company an “equal weight” rating in a report on Monday. Royal Bank Of Canada boosted their price target on shares of Ziff Davis from $40.00 to $48.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Evercore reissued an “outperform” rating and set a $46.00 price target on shares of Ziff Davis in a research report on Tuesday, February 24th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $45.38.

Ziff Davis Stock Up 2.1%

ZD stock opened at $41.90 on Tuesday. The company’s 50 day moving average price is $43.05 and its 200 day moving average price is $37.31. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 37.08 and a beta of 1.14. Ziff Davis, Inc. has a fifty-two week low of $22.45 and a fifty-two week high of $50.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.27 and a current ratio of 1.66.

Ziff Davis (NASDAQ:ZD) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Ziff Davis had a net margin of 3.26% and a return on equity of 12.17%. The company had revenue of $267.64 million during the quarter, compared to the consensus estimate of $264.32 million. During the same quarter in the previous year, the firm earned $1.14 earnings per share. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. On average, equities research analysts anticipate that Ziff Davis, Inc. will post 4.26 EPS 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.