Mount Yale Investment Advisors LLC Buys New Stake in Ziff Davis, Inc. (NASDAQ:ZD)

Mount Yale Investment Advisors LLC purchased a new position in shares of Ziff Davis, Inc. (NASDAQ:ZD) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,858 shares of the technology company’s stock, valued at approximately $318,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. grew its stake in shares of Ziff Davis by 100,954.3% in the fourth quarter. Pacer Advisors Inc. now owns 1,267,221 shares of the technology company’s stock worth $68,861,000 after acquiring an additional 1,265,967 shares in the last quarter. AQR Capital Management LLC increased its holdings in Ziff Davis by 453.7% during the 2nd quarter. AQR Capital Management LLC now owns 278,564 shares of the technology company’s stock worth $15,204,000 after purchasing an additional 228,257 shares during the period. Assenagon Asset Management S.A. increased its holdings in Ziff Davis by 170.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 259,758 shares of the technology company’s stock worth $14,115,000 after purchasing an additional 163,708 shares during the period. Empowered Funds LLC acquired a new stake in Ziff Davis in the 3rd quarter valued at about $7,210,000. Finally, Public Sector Pension Investment Board purchased a new position in shares of Ziff Davis in the 3rd quarter valued at about $4,618,000. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. UBS Group reduced their target price on shares of Ziff Davis from $76.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, December 3rd. Barclays lifted their price objective on shares of Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $69.71.

Ziff Davis Price Performance

Shares of NASDAQ:ZD opened at $53.95 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. Ziff Davis, Inc. has a 12 month low of $37.76 and a 12 month high of $70.83. The firm has a market capitalization of $2.31 billion, a P/E ratio of 45.72 and a beta of 1.36. The company’s fifty day moving average price is $55.92 and its 200 day moving average price is $50.61.

Ziff Davis (NASDAQ:ZD) last announced its earnings results on Thursday, November 7th. The technology company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.10. The firm had revenue of $353.58 million during the quarter, compared to analysts’ expectations of $347.66 million. Ziff Davis had a return on equity of 13.98% and a net margin of 4.52%. During the same period in the prior year, the firm earned $1.35 EPS. As a group, sell-side analysts predict that Ziff Davis, Inc. will post 5.93 earnings per share for the current fiscal year.

Ziff Davis Profile

Ziff Davis, Inc, together with its subsidiaries, operates as a digital media and internet company in the United States and internationally. The company offers PCMag, an online resource for laboratory-based product reviews, technology news, buying guides, and research papers; Mashable for publishing technology and culture content; Spiceworks Ziff Davis provides digital content of IT products and services; retailMeNot, a savings destination platform; Offers.com, a coupon and deals website; and event-based properties, including BlackFriday.com, TheBlackFriday.com, BestBlackFriday.com, and DealsofAmerica.com.