Ziff Davis, Inc. $ZD Position Lessened by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 13.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 102,723 shares of the technology company’s stock after selling 15,557 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Ziff Davis were worth $5,380,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Jupiter Topco LLC purchased a new stake in shares of Ziff Davis during the 2nd quarter worth about $187,893,000. Janus Henderson Group PLC grew its stake in shares of Ziff Davis by 2.7% in the 1st quarter. Janus Henderson Group PLC now owns 3,526,329 shares of the technology company’s stock valued at $147,963,000 after buying an additional 92,496 shares in the last quarter. Pale Fire Capital SE increased its holdings in 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 buying an additional 1,573,414 shares during the last quarter. Legal & General Group Plc acquired a new position in Ziff Davis in the second quarter worth approximately $94,314,000. Finally, First Trust Advisors LP raised its position in Ziff Davis by 689.6% during the first 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 in the last quarter. 99.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the stock. Susquehanna boosted their target price on shares of Ziff Davis from $60.00 to $75.00 and gave the stock a “positive” rating in a research report on Monday, August 10th. Citigroup raised their price target on shares of Ziff Davis from $48.00 to $59.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Royal Bank Of Canada lifted their price objective on shares of Ziff Davis from $48.00 to $65.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Evercore reiterated an “outperform” rating and issued a $64.00 price objective on shares of Ziff Davis in a report on Monday, August 10th. Finally, UBS Group increased their target price on shares of Ziff Davis from $30.00 to $59.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 12th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Ziff Davis has an average rating of “Hold” and a consensus target price of $56.62.

Ziff Davis Price Performance

Shares of Ziff Davis stock opened at $55.73 on Wednesday. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.32. The firm has a fifty day simple moving average of $53.97 and a 200-day simple moving average of $46.85. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 3.15 and a beta of 1.09. Ziff Davis, Inc. has a 1-year low of $22.45 and a 1-year high of $58.06.

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

Insider Transactions at Ziff Davis

In other Ziff Davis news, CAO Lori A. Tansley sold 1,400 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $54.76, for a total value of $76,664.00. Following the sale, the chief accounting officer owned 767 shares of the company’s stock, valued at $42,000.92. This trade represents a 64.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director W. Brian Kretzmer sold 2,513 shares of Ziff Davis stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $55.31, for a total value of $138,994.03. Following the completion of the transaction, the director directly owned 20,000 shares in the company, valued at approximately $1,106,200. This represents a 11.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 7,732 shares of company stock worth $425,436. Company insiders own 3.40% of the company’s stock.

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.