Ziff Davis, Inc. (NASDAQ:ZD) Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. increased its stake in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 100,954.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,267,221 shares of the technology company's stock after purchasing an additional 1,265,967 shares during the quarter. Pacer Advisors Inc. owned approximately 2.96% of Ziff Davis worth $68,861,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. TD Private Client Wealth LLC lifted its stake in shares of Ziff Davis by 19.2% during the 3rd 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 during the last quarter. GHP Investment Advisors Inc. increased its position in Ziff Davis by 1.4% during 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 increased its position 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 buying an additional 480 shares in the last quarter. Hunter Perkins Capital Management LLC increased its position in Ziff Davis by 4.0% during the 4th quarter. Hunter Perkins Capital Management LLC now owns 14,855 shares of the technology company's stock valued at $807,000 after buying an additional 565 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Ziff Davis during the 3rd quarter valued at about $37,000. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Ziff Davis Stock Performance

Shares of ZD stock traded down $0.14 during mid-day trading on Friday, reaching $53.86. The stock had a trading volume of 224,970 shares, compared to its average volume of 307,935. The business's fifty day moving average is $55.86 and its 200-day moving average is $50.64. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 45.64 and a beta of 1.36. Ziff Davis, Inc. has a 1-year low of $37.76 and a 1-year high of $70.02.

Ziff Davis (NASDAQ:ZD - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The technology company reported $1.44 earnings per share for the quarter, beating analysts' consensus estimates of $1.34 by $0.10. The business had revenue of $353.58 million for the quarter, compared to analyst estimates of $347.66 million. Ziff Davis had a return on equity of 13.98% and a net margin of 4.52%. During the same period in the prior year, the company earned $1.35 earnings per share. On average, research analysts forecast that Ziff Davis, Inc. will post 5.93 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on ZD shares. Barclays upped their target price on Ziff Davis from $44.00 to $61.00 and gave the company an "equal weight" rating in a research report on Monday, November 11th. UBS Group reduced their target price on Ziff Davis from $76.00 to $65.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 3rd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Ziff Davis has an average rating of "Moderate Buy" and a consensus price target of $69.71.

About Ziff Davis

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.