US Bancorp DE Sells 433 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

US Bancorp DE reduced its stake in Ziff Davis, Inc. (NASDAQ:ZD – Get Rating) by 8.2% during the 3rd quarter, Holdings Channel reports. The fund owned 4,865 shares of the technology company’s stock after selling 433 shares during the period. US Bancorp DE’s holdings in Ziff Davis were worth $333,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Zions Bancorporation N.A. acquired a new position in shares of Ziff Davis during the 1st quarter worth approximately $25,000. Ronald Blue Trust Inc. acquired a new position in shares of Ziff Davis during the 2nd quarter worth approximately $30,000. New Millennium Group LLC acquired a new position in shares of Ziff Davis during the 2nd quarter worth approximately $57,000. Harbor Investment Advisory LLC boosted its position in shares of Ziff Davis by 21.1% during the 2nd quarter. Harbor Investment Advisory LLC now owns 879 shares of the technology company’s stock worth $66,000 after acquiring an additional 153 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new stake in shares of Ziff Davis during the 1st quarter worth approximately $100,000. Institutional investors and hedge funds own 99.11% of the company’s stock.

Insider Activity

In related news, EVP Jeremy Rossen sold 2,199 shares of Ziff Davis stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $85.68, for a total transaction of $188,410.32. Following the completion of the transaction, the executive vice president now owns 5,898 shares of the company’s stock, valued at $505,340.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on ZD shares. JPMorgan Chase & Co. lowered shares of Ziff Davis from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $115.00 to $85.00 in a research report on Tuesday, December 20th. Citigroup started coverage on shares of Ziff Davis in a research report on Tuesday, December 13th. They set a “neutral” rating and a $100.00 price target on the stock. Robert W. Baird reduced their price target on shares of Ziff Davis from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Thursday, November 10th. TheStreet upgraded shares of Ziff Davis from a “c+” rating to a “b-” rating in a research report on Tuesday, November 29th. Finally, Barclays initiated coverage on shares of Ziff Davis in a research report on Friday, January 6th. They issued an “equal weight” rating and a $88.00 target price on the stock. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $99.80.

Ziff Davis Price Performance

ZD stock opened at $87.39 on Wednesday. The company has a fifty day moving average price of $84.36 and a 200-day moving average price of $80.08. The company has a market capitalization of $4.12 billion, a P/E ratio of 11.97 and a beta of 1.12. Ziff Davis, Inc. has a 52-week low of $66.85 and a 52-week high of $109.98. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.34 and a current ratio of 2.34.

Ziff Davis (NASDAQ:ZD – Get Rating) last released its quarterly earnings results on Tuesday, November 8th. The technology company reported $1.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.46. The firm had revenue of $341.87 million during the quarter, compared to the consensus estimate of $348.88 million. Ziff Davis had a net margin of 25.32% and a return on equity of 15.60%. As a group, equities analysts expect that Ziff Davis, Inc. will post 6.32 EPS for the current year.

Ziff Davis Profile

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Ziff Davis, Inc is a digital media and internet company. It operates through the following segments: Digital Media and Cybersecurity and Martech. The Digital Media segment consists of 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.