Vanguard Group Inc. Reduces Stake in Ziff Davis, Inc. $ZD

Vanguard Group Inc. decreased its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 3.9% in the 4th quarter, according to the company in its most recent Form 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 quarter. Vanguard Group Inc. owned approximately 0.11% of Ziff Davis worth $156,467,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ZD. NBC Securities Inc. increased its stake in Ziff Davis by 121.3% in the fourth quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock valued at $31,000 after purchasing an additional 485 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Ziff Davis by 207.1% during the 4th quarter. GAMMA Investing LLC now owns 906 shares of the technology company’s stock worth $32,000 after buying an additional 611 shares during the last quarter. First Horizon Corp acquired a new position in shares of Ziff Davis in the 3rd quarter valued at $35,000. Tower Research Capital LLC TRC boosted its holdings in shares of 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 in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Ziff Davis in the 2nd quarter valued at $145,000. 99.76% of the stock is owned by institutional investors and hedge funds.

Ziff Davis Trading Up 2.1%

NASDAQ ZD opened at $41.90 on Tuesday. Ziff Davis, Inc. has a one year low of $22.45 and a one year high of $50.55. The firm has a market cap of $1.59 billion, a PE ratio of 37.08 and a beta of 1.14. The firm’s fifty day moving average is $43.05 and its two-hundred day moving average is $37.31. 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, beating the consensus estimate of $0.72 by $0.01. The firm had revenue of $267.64 million for 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 firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.14 EPS. Analysts expect that Ziff Davis, Inc. will post 4.26 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada boosted their price target on shares of Ziff Davis from $40.00 to $48.00 and gave the company an “outperform” rating in a research report on Monday. JPMorgan Chase & Co. dropped their price objective on Ziff Davis from $40.00 to $35.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. Susquehanna lifted their target price on Ziff Davis from $45.00 to $60.00 and gave the stock a “positive” rating in a research report on Tuesday, May 5th. Citigroup boosted their target price on Ziff Davis from $29.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, March 6th. Finally, Evercore restated an “outperform” rating and set a $46.00 price target on shares of Ziff Davis in a research note on Tuesday, February 24th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Ziff Davis has an average rating of “Hold” and a consensus price target of $45.38.

Ziff Davis 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.