Ziff Davis, Inc. $ZD Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP increased its position in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 35.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 37,927 shares of the technology company’s stock after buying an additional 9,866 shares during the quarter. Quantinno Capital Management LP’s holdings in Ziff Davis were worth $1,591,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pale Fire Capital SE raised its position in shares of Ziff Davis by 130.0% in the first quarter. Pale Fire Capital SE now owns 2,783,366 shares of the technology company’s stock worth $116,790,000 after acquiring an additional 1,573,414 shares during the period. First Trust Advisors LP grew its position in shares of Ziff Davis by 689.6% during the 1st quarter. First Trust Advisors LP now owns 974,591 shares of the technology company’s stock valued at $40,894,000 after acquiring an additional 851,163 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Ziff Davis by 260.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 597,573 shares of the technology company’s stock valued at $21,005,000 after acquiring an additional 431,828 shares during the period. AQR Capital Management LLC increased its stake in shares of Ziff Davis by 88.5% in the 4th quarter. AQR Capital Management LLC now owns 399,259 shares of the technology company’s stock valued at $14,034,000 after purchasing an additional 187,431 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Ziff Davis by 46.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 552,385 shares of the technology company’s stock valued at $21,046,000 after purchasing an additional 174,287 shares in the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

Analyst Upgrades and Downgrades

ZD has been the subject of a number of analyst reports. Evercore reaffirmed an “outperform” rating and issued a $64.00 price target on shares of Ziff Davis in a report on Monday. Zacks Research cut Ziff Davis from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada boosted their price objective on Ziff Davis from $48.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday. Barclays upped their target price on Ziff Davis from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. Finally, UBS Group lifted their price target on shares of Ziff Davis from $30.00 to $59.00 and gave the company a “neutral” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Ziff Davis currently has a consensus rating of “Hold” and a consensus price target of $56.62.

Ziff Davis Stock Up 2.7%

ZD opened at $54.94 on Thursday. The company has a market cap of $1.88 billion, a PE ratio of 3.11 and a beta of 1.08. Ziff Davis, Inc. has a twelve month low of $22.45 and a twelve month high of $58.06. The company has a 50-day moving average price of $50.76 and a 200 day moving average price of $44.03. The company has a quick ratio of 1.66, a current ratio of 2.16 and a debt-to-equity ratio of 0.32.

Ziff Davis (NASDAQ:ZD) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.22. Ziff Davis had a return on equity of 10.73% and a net margin of 48.57%.The company had revenue of $286.74 million for the quarter, compared to analysts’ expectations of $286.10 million. During the same period in the previous year, the firm posted $1.24 EPS. Ziff Davis’s revenue was down 18.7% compared to the same quarter last year.

Insider Activity

In other news, Director Kirk P. Mcdonald sold 1,075 shares of Ziff Davis stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $46.65, for a total value of $50,148.75. Following the sale, the director directly owned 13,468 shares of the company’s stock, valued at $628,282.20. The trade was a 7.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Bret Richter sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $46.88, for a total value of $843,840.00. Following the sale, the chief financial officer owned 29,244 shares of the company’s stock, valued at $1,370,958.72. The trade was a 38.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 35,241 shares of company stock worth $1,678,642 over the last quarter. 3.40% of the stock is currently owned by corporate insiders.

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.