Mount Yale Investment Advisors LLC acquired a new stake in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,858 shares of the technology company's stock, valued at approximately $318,000.
A number of other hedge funds also recently made changes to their positions in the business. TD Private Client Wealth LLC increased its stake in shares of Ziff Davis by 19.2% in the third quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company's stock worth $75,000 after purchasing an additional 249 shares in the last quarter. GHP Investment Advisors Inc. grew its stake in Ziff Davis by 1.4% in the 3rd quarter. GHP Investment Advisors Inc. now owns 17,598 shares of the technology company's stock valued at $856,000 after buying an additional 250 shares in the last quarter. Central Pacific Bank Trust Division raised its holdings in Ziff Davis by 21.3% during the 3rd quarter. Central Pacific Bank Trust Division now owns 2,730 shares of the technology company's stock valued at $133,000 after acquiring an additional 480 shares during the period. Hunter Perkins Capital Management LLC lifted its position in shares of Ziff Davis by 4.0% during the fourth quarter. Hunter Perkins Capital Management LLC now owns 14,855 shares of the technology company's stock worth $807,000 after acquiring an additional 565 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Ziff Davis in the third quarter worth $37,000. 99.76% of the stock is currently owned by institutional investors.
Ziff Davis Stock Up 0.1 %
ZD stock traded up $0.05 during trading on Thursday, hitting $54.00. 180,606 shares of the stock traded hands, compared to its average volume of 314,791. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 45.76 and a beta of 1.36. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. Ziff Davis, Inc. has a 1 year low of $37.76 and a 1 year high of $70.02. The firm's 50 day moving average is $55.92 and its two-hundred day moving average is $50.61.
Ziff Davis (NASDAQ:ZD - Get Free Report) last released its earnings results on Thursday, November 7th. The technology company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.10. Ziff Davis had a net margin of 4.52% and a return on equity of 13.98%. The company had revenue of $353.58 million during the quarter, compared to analyst estimates of $347.66 million. During the same period in the prior year, the firm posted $1.35 EPS. On average, sell-side analysts anticipate that Ziff Davis, Inc. will post 5.93 EPS for the current year.
Analysts Set New Price Targets
A number of research firms have weighed in on ZD. Barclays lifted their target price on Ziff Davis from $44.00 to $61.00 and gave the company an "equal weight" rating in a report on Monday, November 11th. UBS Group cut their price target on shares of Ziff Davis from $76.00 to $65.00 and set a "neutral" rating for the company in a report on Tuesday, December 3rd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Ziff Davis currently has a consensus rating of "Moderate Buy" and an average target price of $69.71.
Read Our Latest Stock Report on Ziff Davis
About Ziff Davis
(
Free Report)
Ziff Davis, Inc, together with its subsidiaries, operates as a digital media and internet company in the United States and internationally. The company offers PCMag, an online resource for laboratory-based product reviews, technology news, buying guides, and research papers; Mashable for publishing technology and culture content; Spiceworks Ziff Davis provides digital content of IT products and services; retailMeNot, a savings destination platform; Offers.com, a coupon and deals website; and event-based properties, including BlackFriday.com, TheBlackFriday.com, BestBlackFriday.com, and DealsofAmerica.com.
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