Ziff Davis, Inc. $ZD Shares Acquired by UBS Group AG

UBS Group AG grew its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 42.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 278,610 shares of the technology company’s stock after acquiring an additional 83,137 shares during the quarter. UBS Group AG owned 0.71% of Ziff Davis worth $9,793,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. NBC Securities Inc. boosted its holdings in Ziff Davis by 121.3% in the fourth quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock worth $31,000 after acquiring an additional 485 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Ziff Davis by 43.2% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 122,947 shares of the technology company’s stock worth $4,334,000 after acquiring an additional 37,108 shares in the last quarter. CWM LLC boosted its holdings in Ziff Davis by 158.2% in the fourth quarter. CWM LLC now owns 26,092 shares of the technology company’s stock worth $917,000 after acquiring an additional 15,988 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in Ziff Davis by 53.6% in the fourth quarter. State of Alaska Department of Revenue now owns 31,697 shares of the technology company’s stock worth $1,113,000 after acquiring an additional 11,065 shares in the last quarter. Finally, Range Financial Group LLC acquired a new stake in Ziff Davis in the fourth quarter worth about $1,297,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Ziff Davis Stock Down 0.3%

Shares of ZD stock opened at $40.51 on Friday. The stock has a market cap of $1.49 billion, a P/E ratio of 35.85 and a beta of 1.14. Ziff Davis, Inc. has a twelve month low of $22.45 and a twelve month high of $50.55. The stock has a 50 day moving average of $43.51 and a 200 day moving average of $37.39. The company has a current ratio of 1.66, a quick ratio of 1.27 and a debt-to-equity ratio of 0.42.

Ziff Davis (NASDAQ:ZD) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $267.64 million during the quarter, compared to analysts’ expectations of $264.32 million. Ziff Davis had a return on equity of 12.17% and a net margin of 3.26%.The business’s revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.14 earnings per share. As a group, sell-side analysts expect that Ziff Davis, Inc. will post 4.26 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Weiss Ratings downgraded Ziff Davis from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. UBS Group reduced their price objective on Ziff Davis from $38.00 to $30.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. Zacks Research downgraded Ziff Davis from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th. Piper Sandler set a $48.00 target price on Ziff Davis in a report on Monday, May 11th. Finally, Barclays lifted their target price on Ziff Davis from $45.00 to $48.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Ziff Davis has an average rating of “Hold” and an average price target of $47.25.

Ziff Davis Company Profile

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.