Robeco Institutional Asset Management B.V. Acquires Shares of 87,606 Ziff Davis, Inc. (NASDAQ:ZD)

Robeco Institutional Asset Management B.V. bought a new stake in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 87,606 shares of the technology company's stock, valued at approximately $4,263,000. Robeco Institutional Asset Management B.V. owned 0.19% of Ziff Davis at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in ZD. Rothschild Investment LLC purchased a new position in Ziff Davis in the second quarter worth about $25,000. Quest Partners LLC bought a new stake in shares of Ziff Davis during the second quarter valued at approximately $38,000. Innealta Capital LLC bought a new position in Ziff Davis in the second quarter worth approximately $75,000. Blue Trust Inc. lifted its position in Ziff Davis by 72.4% during the second quarter. Blue Trust Inc. now owns 1,686 shares of the technology company's stock valued at $93,000 after acquiring an additional 708 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Ziff Davis during the 2nd quarter worth about $93,000. Hedge funds and other institutional investors own 99.76% of the company's stock.

Ziff Davis Stock Performance

NASDAQ:ZD traded up $7.66 during trading hours on Friday, hitting $56.65. 1,380,366 shares of the company were exchanged, compared to its average volume of 381,991. 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 company's 50 day moving average price is $47.60 and its 200-day moving average price is $49.95. Ziff Davis, Inc. has a 52-week low of $37.76 and a 52-week high of $70.90. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 34.97 and a beta of 1.29.

Ziff Davis (NASDAQ:ZD - Get Free Report) last announced its earnings results 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 net margin of 5.86% and a return on equity of 13.81%. The company had revenue of $320.80 million during the quarter, compared to analyst estimates of $332.44 million. During the same quarter last year, the business earned $1.12 EPS. The firm's revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, research analysts forecast that Ziff Davis, Inc. will post 6.1 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on ZD shares. Barclays dropped their price target on shares of Ziff Davis from $58.00 to $44.00 and set an "equal weight" rating for the company in a research note on Friday, August 9th. Citigroup reduced their target price on Ziff Davis from $52.00 to $47.00 and set a "neutral" rating for the company in a report on Friday, August 9th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $95.00 target price on shares of Ziff Davis in a research report on Friday, September 6th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Ziff Davis currently has a consensus rating of "Moderate Buy" and an average price target of $71.50.

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.