Mirae Asset Global Investments Co. Ltd. Has $1.45 Million Position in Ziff Davis, Inc. (NASDAQ:ZD)

Mirae Asset Global Investments Co. Ltd. grew its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 3.6% during the 4th quarter, HoldingsChannel reports. The firm owned 21,521 shares of the technology company’s stock after acquiring an additional 740 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Ziff Davis were worth $1,446,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in ZD. BlackRock Inc. acquired a new stake in shares of Ziff Davis in the first quarter valued at about $507,186,000. Vanguard Group Inc. bought a new stake in shares of Ziff Davis in the first quarter valued at about $423,655,000. State Street Corp bought a new stake in shares of Ziff Davis in the first quarter valued at about $143,604,000. Wellington Management Group LLP bought a new stake in shares of Ziff Davis in the first quarter valued at about $142,930,000. Finally, Thrivent Financial for Lutherans lifted its stake in shares of Ziff Davis by 10,147.6% in the first quarter. Thrivent Financial for Lutherans now owns 1,288,124 shares of the technology company’s stock valued at $100,538,000 after buying an additional 1,275,554 shares during the period. 99.76% of the stock is owned by institutional investors and hedge funds.

Ziff Davis Stock Up 1.8 %

Shares of ZD opened at $51.60 on Monday. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 62.93 and a beta of 1.19. 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, Inc. has a 12 month low of $50.15 and a 12 month high of $75.58. The company has a 50-day moving average price of $62.72 and a two-hundred day moving average price of $64.02.

Ziff Davis (NASDAQ:ZD) 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 company had revenue of $389.89 million during the quarter, compared to analyst estimates of $400.71 million. Ziff Davis had a net margin of 3.04% and a return on equity of 13.97%. Equities analysts predict that Ziff Davis, Inc. will post 6.23 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on ZD. UBS Group reduced 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 increased their target price on shares of Ziff Davis from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Wedbush increased their target price on shares of Ziff Davis from $75.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 target price on shares of Ziff Davis in a research note on Friday, February 23rd. Finally, Barclays raised 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 note on Friday, February 23rd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $81.17.

Insider Transactions at Ziff Davis

In other news, EVP Jeremy Rossen sold 4,162 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $69.43, for a total transaction 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 document filed with the SEC, which is accessible through this link. Company insiders own 2.08% of the company’s stock.

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.