International Assets Investment Management LLC grew its stake in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 31,812.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,740 shares of the technology company's stock after buying an additional 65,534 shares during the period. International Assets Investment Management LLC owned 0.14% of Ziff Davis worth $3,199,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in ZD. Lindenwold Advisors INC grew its position in Ziff Davis by 6.4% during the 1st quarter. Lindenwold Advisors INC now owns 4,312 shares of the technology company's stock worth $272,000 after purchasing an additional 261 shares during the period. Arizona State Retirement System raised its position in Ziff Davis by 2.2% during the second quarter. Arizona State Retirement System now owns 12,913 shares of the technology company's stock valued at $711,000 after acquiring an additional 275 shares in the last quarter. State of Michigan Retirement System lifted its holdings in Ziff Davis by 2.7% in the first quarter. State of Michigan Retirement System now owns 11,340 shares of the technology company's stock valued at $715,000 after acquiring an additional 300 shares during the period. ProShare Advisors LLC lifted its holdings in Ziff Davis by 3.1% in the first quarter. ProShare Advisors LLC now owns 10,952 shares of the technology company's stock valued at $690,000 after acquiring an additional 329 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in Ziff Davis by 0.5% in the 1st quarter. Russell Investments Group Ltd. now owns 80,020 shares of the technology company's stock worth $5,044,000 after purchasing an additional 434 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.
Ziff Davis Price Performance
Shares of NASDAQ ZD traded up $0.10 during mid-day trading on Friday, reaching $46.37. The company's stock had a trading volume of 342,335 shares, compared to its average volume of 397,817. The stock has a market capitalization of $2.07 billion, a P/E ratio of 28.62 and a beta of 1.29. Ziff Davis, Inc. has a 1-year low of $37.76 and a 1-year high of $70.90. The stock has a 50-day moving average of $47.36 and a two-hundred day moving average of $49.98. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.91 and a current ratio of 1.91.
Ziff Davis (NASDAQ:ZD - Get Free Report) last issued its earnings results on Wednesday, August 7th. The technology company reported $1.18 earnings per share 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 company had revenue of $320.80 million for the quarter, compared to analyst estimates of $332.44 million. During the same quarter in the prior year, the firm earned $1.12 earnings per share. The company's revenue for the quarter was down 1.6% on a year-over-year basis. On average, equities research analysts anticipate that Ziff Davis, Inc. will post 6.1 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the stock. Royal Bank of Canada reissued an "outperform" rating and set a $95.00 price target on shares of Ziff Davis in a report on Friday, September 6th. Citigroup lowered their target price 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. Finally, Barclays dropped their target price on Ziff Davis from $58.00 to $44.00 and set an "equal weight" rating on the stock in a research report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $71.50.
View Our Latest Stock Analysis on ZD
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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