Ziff Davis, Inc. $ZD Shares Sold by Legal & General Group Plc

Legal & General Group Plc lessened its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 13.2% during the 4th quarter, HoldingsChannel reports. The firm owned 2,213,212 shares of the technology company’s stock after selling 337,243 shares during the period. Legal & General Group Plc owned about 0.06% of Ziff Davis worth $77,794,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. NBC Securities Inc. boosted its stake in Ziff Davis by 121.3% during the 4th quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock worth $31,000 after purchasing an additional 485 shares during the last quarter. California State Teachers Retirement System boosted its stake in Ziff Davis by 1.4% during the 2nd quarter. California State Teachers Retirement System now owns 41,167 shares of the technology company’s stock worth $1,246,000 after purchasing an additional 550 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in Ziff Davis by 212.2% during the 4th quarter. Hantz Financial Services Inc. now owns 868 shares of the technology company’s stock worth $31,000 after purchasing an additional 590 shares during the last quarter. GAMMA Investing LLC boosted its stake in 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 purchasing an additional 611 shares during the last quarter. Finally, Choreo LLC boosted its stake in Ziff Davis by 4.2% during the 3rd quarter. Choreo LLC now owns 15,352 shares of the technology company’s stock worth $585,000 after purchasing an additional 614 shares during the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

Insider Buying and Selling at Ziff Davis

In other Ziff Davis news, EVP Jeremy Rossen sold 4,347 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $45.75, for a total value of $198,875.25. Following the transaction, the executive vice president owned 22,462 shares of the company’s stock, valued at $1,027,636.50. This represents a 16.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 3.40% of the company’s stock.

Ziff Davis Stock Performance

Shares of ZD stock opened at $45.07 on Friday. The company’s 50-day moving average price is $43.96 and its 200-day moving average price is $38.08. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.42. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 39.89 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.

Ziff Davis (NASDAQ:ZD) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported $0.73 earnings per share 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 net margin of 3.26% and a return on equity of 12.17%. The company’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 EPS. As a group, equities analysts predict that Ziff Davis, Inc. will post 4.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

ZD has been the topic of several recent research reports. Citigroup lifted their target price on shares of Ziff Davis from $29.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, March 6th. Royal Bank Of Canada lifted their target price on shares of Ziff Davis from $40.00 to $48.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Susquehanna boosted their price target on shares of Ziff Davis from $45.00 to $60.00 and gave the company a “positive” rating in a research report on Tuesday, May 5th. Weiss Ratings cut shares of Ziff Davis from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Finally, Zacks Research cut shares of Ziff Davis from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.