Ziff Davis, Inc. (NASDAQ:ZD) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its holdings in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 9.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 472,703 shares of the technology company's stock after selling 47,131 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 1.02% of Ziff Davis worth $23,002,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of ZD. Janus Henderson Group PLC lifted its stake in shares of Ziff Davis by 0.3% during the first quarter. Janus Henderson Group PLC now owns 3,239,654 shares of the technology company's stock valued at $204,227,000 after buying an additional 10,303 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Ziff Davis by 14.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,057,314 shares of the technology company's stock valued at $113,255,000 after buying an additional 257,056 shares during the period. Rice Hall James & Associates LLC lifted its stake in shares of Ziff Davis by 9.4% during the second quarter. Rice Hall James & Associates LLC now owns 451,803 shares of the technology company's stock valued at $24,872,000 after buying an additional 38,753 shares during the period. Retirement Systems of Alabama lifted its stake in shares of Ziff Davis by 21.4% during the second quarter. Retirement Systems of Alabama now owns 360,030 shares of the technology company's stock valued at $19,820,000 after buying an additional 63,458 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of Ziff Davis by 453.7% during the second quarter. AQR Capital Management LLC now owns 278,564 shares of the technology company's stock valued at $15,204,000 after buying an additional 228,257 shares during the period. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Royal Bank of Canada reissued an "outperform" rating and set a $95.00 price objective on shares of Ziff Davis in a research note on Friday, September 6th. Barclays reduced their price objective on shares of Ziff Davis from $58.00 to $44.00 and set an "equal weight" rating on the stock in a research note on Friday, August 9th. Finally, Citigroup reduced their price objective on shares of Ziff Davis from $52.00 to $47.00 and set a "neutral" rating on the stock in a research note on Friday, August 9th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Ziff Davis presently has an average rating of "Moderate Buy" and an average price target of $71.50.

Ziff Davis Trading Up 0.8 %

NASDAQ:ZD traded up $0.38 during trading hours on Friday, reaching $46.43. 289,221 shares of the company were exchanged, compared to its average volume of 470,232. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.91 and a quick ratio of 1.91. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 28.66 and a beta of 1.29. Ziff Davis, Inc. has a 52-week low of $37.76 and a 52-week high of $70.90. The stock has a 50 day simple moving average of $47.15 and a 200 day simple moving average of $50.32.

Ziff Davis (NASDAQ:ZD - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.08). Ziff Davis had a return on equity of 13.81% and a net margin of 5.86%. The business had revenue of $320.80 million during the quarter, compared to analyst estimates of $332.44 million. During the same period in the previous year, the company earned $1.12 EPS. Ziff Davis's revenue was down 1.6% on a year-over-year basis. As a group, analysts predict that Ziff Davis, Inc. will post 6.1 EPS for the current year.

Ziff Davis Profile

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.