UBS Group AG Raises Holdings in Ziff Davis, Inc. $ZD

UBS Group AG increased its position in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 42.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 278,610 shares of the technology company’s stock after purchasing an additional 83,137 shares during the quarter. UBS Group AG’s holdings in Ziff Davis were worth $9,793,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. NBC Securities Inc. increased its position in shares of Ziff Davis by 121.3% during the fourth quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock worth $31,000 after purchasing an additional 485 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Ziff Davis by 43.2% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 122,947 shares of the technology company’s stock worth $4,334,000 after purchasing an additional 37,108 shares in the last quarter. CWM LLC increased its position in shares of Ziff Davis by 158.2% during the fourth quarter. CWM LLC now owns 26,092 shares of the technology company’s stock worth $917,000 after purchasing an additional 15,988 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Ziff Davis by 53.6% during the fourth quarter. State of Alaska Department of Revenue now owns 31,697 shares of the technology company’s stock worth $1,113,000 after purchasing an additional 11,065 shares in the last quarter. Finally, Range Financial Group LLC purchased a new stake in shares of Ziff Davis during the fourth quarter worth approximately $1,297,000. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ZD has been the subject of several research reports. UBS Group dropped their price target on Ziff Davis from $38.00 to $30.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. Citigroup boosted their price objective on Ziff Davis from $29.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, March 6th. Zacks Research lowered Ziff Davis from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. Barclays boosted their price objective 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, Evercore reissued an “outperform” rating and set a $61.00 price objective on shares of Ziff Davis in a research note on Tuesday. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $47.25.

Ziff Davis Stock Performance

Shares of Ziff Davis stock opened at $40.51 on Friday. Ziff Davis, Inc. has a 52 week low of $22.45 and a 52 week high of $50.55. The business’s fifty day simple moving average is $43.51 and its 200-day simple moving average is $37.39. The firm has a market cap of $1.49 billion, a PE ratio of 35.85 and a beta of 1.14. The company has a quick ratio of 1.27, a current ratio of 1.66 and a debt-to-equity ratio of 0.42.

Ziff Davis (NASDAQ:ZD) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. Ziff Davis had a return on equity of 12.17% and a net margin of 3.26%.The business had revenue of $267.64 million for the quarter, compared to analyst estimates of $264.32 million. During the same quarter in the prior year, the company posted $1.14 EPS. The company’s quarterly revenue was down 1.9% on a year-over-year basis. Equities analysts forecast that Ziff Davis, Inc. will post 4.26 earnings per share for the current year.

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.