Ziff Davis, Inc. (NASDAQ:ZD) Stake Lessened by Vanguard Group Inc.

Vanguard Group Inc. lessened its stake in Ziff Davis, Inc. (NASDAQ:ZDFree Report) by 0.4% in the third quarter, Holdings Channel reports. The institutional investor owned 4,654,545 shares of the technology company’s stock after selling 17,393 shares during the quarter. Vanguard Group Inc. owned 0.10% of Ziff Davis worth $296,448,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Zions Bancorporation N.A. bought a new stake in Ziff Davis during the first quarter valued at $25,000. Fifth Third Bancorp increased its stake in Ziff Davis by 337.5% during the third quarter. Fifth Third Bancorp now owns 490 shares of the technology company’s stock valued at $31,000 after purchasing an additional 378 shares during the last quarter. Headinvest LLC bought a new stake in Ziff Davis during the third quarter valued at $44,000. Ronald Blue Trust Inc. increased its stake in Ziff Davis by 340.1% during the third quarter. Ronald Blue Trust Inc. now owns 647 shares of the technology company’s stock valued at $45,000 after purchasing an additional 500 shares during the last quarter. Finally, Captrust Financial Advisors bought a new stake in Ziff Davis during the first quarter valued at $100,000. Institutional investors own 99.76% of the company’s stock.

Insider Buying and Selling

In related news, EVP Jeremy Rossen sold 4,162 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $69.43, for a total value of $288,967.66. Following the completion of the sale, the executive vice president now owns 7,261 shares of the company’s stock, valued at $504,131.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.08% of the company’s stock.

Ziff Davis Stock Performance

ZD stock opened at $63.10 on Thursday. The company has a market capitalization of $2.91 billion, a P/E ratio of 76.95 and a beta of 1.20. The company has a 50-day simple moving average of $66.65 and a 200 day simple moving average of $65.05. Ziff Davis, Inc. has a fifty-two week low of $57.97 and a fifty-two week high of $78.80. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 0.53.

Ziff Davis (NASDAQ:ZDGet Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The technology company reported $2.19 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.02. The business had revenue of $389.89 million during the quarter, compared to the consensus estimate of $400.71 million. Ziff Davis had a net margin of 3.04% and a return on equity of 13.97%. Sell-side analysts predict that Ziff Davis, Inc. will post 6.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ZD shares. UBS Group lowered their target price on shares of Ziff Davis from $77.00 to $76.00 and set a “neutral” rating for the company in a research note on Tuesday, March 5th. Evercore ISI upped their price target on shares of Ziff Davis from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Royal Bank of Canada restated an “outperform” rating and set a $95.00 price target on shares of Ziff Davis in a research report on Friday, February 23rd. Wedbush upped their price target on shares of Ziff Davis from $75.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Finally, Barclays upped their price target on shares of Ziff Davis from $66.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $81.17.

View Our Latest Stock Report on Ziff Davis

About Ziff Davis

(Free Report)

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.

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

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