Mutual of America Capital Management LLC Trims Stock Position in Ziff Davis, Inc. (NASDAQ:ZD)

Mutual of America Capital Management LLC cut its stake in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 5.9% in the 4th quarter, Holdings Channel reports. The fund owned 28,439 shares of the technology company’s stock after selling 1,794 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Ziff Davis were worth $1,911,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ZD. Rice Hall James & Associates LLC purchased a new stake in Ziff Davis during the 1st quarter valued at approximately $63,717,000. Raymond James & Associates purchased a new position in shares of Ziff Davis during the 1st quarter worth approximately $3,469,000. US Bancorp DE purchased a new position in shares of Ziff Davis during the 1st quarter worth approximately $539,000. HighTower Advisors LLC purchased a new position in shares of Ziff Davis during the 1st quarter worth approximately $241,000. Finally, Citigroup Inc. purchased a new position in shares of Ziff Davis during the 1st quarter worth approximately $707,000. 99.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ziff Davis

In other Ziff Davis news, EVP Jeremy Rossen sold 4,162 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $69.43, for a total transaction of $288,967.66. Following the sale, the executive vice president now owns 7,261 shares in the company, valued at approximately $504,131.23. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.08% of the stock is owned by insiders.

Ziff Davis Stock Performance

ZD opened at $51.60 on Friday. The stock has a market cap of $2.38 billion, a P/E ratio of 62.93 and a beta of 1.19. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.76 and a quick ratio of 2.76. The stock’s 50 day simple moving average is $62.72 and its 200 day simple moving average is $64.00. Ziff Davis, Inc. has a 1-year low of $50.15 and a 1-year high of $75.58.

Ziff Davis (NASDAQ:ZD) last announced its earnings results on Wednesday, February 21st. The technology company reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.02. The firm had revenue of $389.89 million for the quarter, compared to analysts’ expectations of $400.71 million. Ziff Davis had a return on equity of 13.97% and a net margin of 3.04%. As a group, equities analysts anticipate that Ziff Davis, Inc. will post 6.23 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Ziff Davis Company Profile

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.