Shell Asset Management Co. Buys New Position in Ziff Davis, Inc. (NASDAQ:ZD)

Shell Asset Management Co. bought a new stake in shares of Ziff Davis, Inc. (NASDAQ:ZDGet Rating) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,586 shares of the technology company’s stock, valued at approximately $637,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Arizona State Retirement System bought a new position in Ziff Davis in the first quarter worth $1,198,000. Mount Yale Investment Advisors LLC bought a new position in Ziff Davis in the first quarter worth $207,000. Corbyn Investment Management Inc. MD bought a new position in Ziff Davis in the first quarter worth $9,847,000. Securian Asset Management Inc. bought a new position in Ziff Davis in the first quarter worth $418,000. Finally, Fort Washington Investment Advisors Inc. OH bought a new position in Ziff Davis in the first quarter worth $13,999,000. Institutional investors own 99.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Wedbush decreased their price objective on Ziff Davis from $150.00 to $90.00 in a report on Thursday, May 12th. Susquehanna Bancshares decreased their price objective on Ziff Davis from $225.00 to $140.00 in a report on Thursday, May 12th. Robert W. Baird lowered their price target on Ziff Davis from $125.00 to $100.00 in a research report on Thursday, May 12th. JMP Securities cut their price objective on shares of Ziff Davis from $145.00 to $110.00 and set a “market outperform” rating on the stock in a research report on Monday, May 23rd. Finally, Susquehanna decreased their target price on shares of Ziff Davis from $225.00 to $140.00 in a report on Thursday, May 12th.

Ziff Davis Trading Up 2.5 %

Shares of NASDAQ:ZD opened at $83.97 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.76 and a quick ratio of 2.76. Ziff Davis, Inc. has a 1 year low of $68.42 and a 1 year high of $143.09. The company has a market cap of $3.97 billion, a P/E ratio of 9.22 and a beta of 1.02. The stock’s fifty day moving average price is $76.70 and its 200-day moving average price is $89.48.

Ziff Davis (NASDAQ:ZDGet Rating) last posted its earnings results on Tuesday, May 10th. The technology company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($0.08). Ziff Davis had a net margin of 27.66% and a return on equity of 22.44%. The company had revenue of $315.10 million for the quarter, compared to the consensus estimate of $319.49 million. During the same quarter in the prior year, the company posted $2.09 EPS. Ziff Davis’s revenue was down 20.9% on a year-over-year basis. Sell-side analysts expect that Ziff Davis, Inc. will post 6.26 earnings per share for the current year.

Ziff Davis Profile

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Ziff Davis, Inc, together with its subsidiaries, provides internet information and services in the United States, Canada, Ireland, and internationally. It operates in two segments, Digital Media, and Cybersecurity and Martech. The Digital Media segment operates a portfolio of web properties and apps, which include IGN, RetailMeNot, Mashable, PCMag, Humble Bundle, Speedtest, Offers, Black Friday, MedPageToday, Everyday Health, BabyCenter, and What to Expect, among others in the technology, shopping, entertainment, and health and wellness markets.

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Institutional Ownership by Quarter for Ziff Davis (NASDAQ:ZD)

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