State of Alaska Department of Revenue Raises Stock Holdings in Ziff Davis, Inc. (NASDAQ:ZD)

State of Alaska Department of Revenue grew its stake in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 401.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,526 shares of the technology company's stock after acquiring an additional 20,437 shares during the period. State of Alaska Department of Revenue owned 0.06% of Ziff Davis worth $1,242,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Rothschild Investment LLC acquired a new position in Ziff Davis during the second quarter valued at approximately $25,000. Quest Partners LLC bought a new stake in shares of Ziff Davis during the 2nd quarter worth about $38,000. Innealta Capital LLC bought a new stake in shares of Ziff Davis during the 2nd quarter worth about $75,000. Blue Trust Inc. raised its stake in Ziff Davis by 72.4% in the 2nd quarter. Blue Trust Inc. now owns 1,686 shares of the technology company's stock worth $93,000 after purchasing an additional 708 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Ziff Davis in the 2nd quarter worth about $93,000. Institutional investors and hedge funds own 99.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ZD shares. Citigroup lowered their price objective on shares of Ziff Davis from $52.00 to $47.00 and set a "neutral" rating for the company in a research report on Friday, August 9th. 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, Royal Bank of Canada reiterated an "outperform" rating and set a $95.00 target price on shares of Ziff Davis in a research report on Friday, September 6th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Ziff Davis has a consensus rating of "Moderate Buy" and an average price target of $71.50.

Ziff Davis Stock Performance

NASDAQ:ZD traded up $0.32 on Monday, reaching $46.69. 239,890 shares of the company's stock were exchanged, compared to its average volume of 430,527. 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 $2.09 billion, a price-to-earnings ratio of 28.82 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 fifty day simple moving average of $47.36 and a 200-day simple moving average of $49.97.

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