Ziff Davis, Inc. (NASDAQ:ZD) Shares Sold by Raymond James & Associates

Raymond James & Associates decreased its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 3.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 15,801 shares of the technology company’s stock after selling 643 shares during the quarter. Raymond James & Associates’ holdings in Ziff Davis were worth $1,062,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Citigroup Inc. lifted its holdings in Ziff Davis by 1.1% during the first quarter. Citigroup Inc. now owns 16,930 shares of the technology company’s stock valued at $1,321,000 after purchasing an additional 178 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Ziff Davis by 1.4% in the third quarter. Arizona State Retirement System now owns 13,463 shares of the technology company’s stock valued at $857,000 after acquiring an additional 182 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Ziff Davis by 11.0% in the third quarter. Public Employees Retirement System of Ohio now owns 1,930 shares of the technology company’s stock worth $132,000 after acquiring an additional 191 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in shares of Ziff Davis by 2.5% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 8,300 shares of the technology company’s stock worth $529,000 after purchasing an additional 200 shares in the last quarter. Finally, Zions Bancorporation N.A. acquired a new position in Ziff Davis in the 1st quarter valued at $25,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Insider Buying and Selling at Ziff Davis

In other Ziff Davis news, EVP Jeremy Rossen sold 4,162 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $69.43, for a total value of $288,967.66. Following the sale, the executive vice president now owns 7,261 shares of the company’s stock, valued at $504,131.23. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.08% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ZD. Barclays upped their target price on shares of 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 dropped their price objective 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. Royal Bank of Canada reissued an “outperform” rating and issued a $95.00 target price on shares of Ziff Davis in a research note on Friday, February 23rd. Wedbush upped their price target on Ziff Davis from $75.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Finally, Evercore ISI increased their price target on Ziff Davis from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $81.17.

Ziff Davis Stock Up 1.8 %

ZD stock opened at $51.60 on Monday. The firm has a market cap of $2.38 billion, a PE ratio of 62.93 and a beta of 1.19. Ziff Davis, Inc. has a one year low of $50.15 and a one year high of $75.58. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.76 and a current ratio of 2.76. The firm’s 50 day moving average price is $62.72 and its 200-day moving average price is $64.02.

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

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.