Quadrature Capital Ltd Acquires New Holdings in Ziff Davis, Inc. (NASDAQ:ZD)

Quadrature Capital Ltd acquired a new stake in shares of Ziff Davis, Inc. (NASDAQ:ZDFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 18,713 shares of the technology company’s stock, valued at approximately $1,257,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its position in Ziff Davis by 60.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 46,171 shares of the technology company’s stock worth $3,102,000 after acquiring an additional 17,379 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Ziff Davis by 8.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,693,227 shares of the technology company’s stock worth $113,771,000 after acquiring an additional 136,220 shares in the last quarter. Signaturefd LLC raised its position in Ziff Davis by 86.2% in the fourth quarter. Signaturefd LLC now owns 996 shares of the technology company’s stock worth $67,000 after acquiring an additional 461 shares in the last quarter. Dark Forest Capital Management LP raised its position in Ziff Davis by 381.8% in the third quarter. Dark Forest Capital Management LP now owns 24,252 shares of the technology company’s stock worth $1,545,000 after acquiring an additional 19,218 shares in the last quarter. Finally, Retirement Systems of Alabama increased its stake in Ziff Davis by 212.4% in the 4th quarter. Retirement Systems of Alabama now owns 181,314 shares of the technology company’s stock worth $12,182,000 after purchasing an additional 123,275 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ZD has been the topic of a number of analyst reports. Citigroup dropped their price target on Ziff Davis from $74.00 to $62.00 and set a “neutral” rating on the stock in a research note on Friday, May 10th. JPMorgan Chase & Co. raised Ziff Davis from a “neutral” rating to an “overweight” rating and set a $70.00 price target on the stock in a research note on Thursday, May 2nd. UBS Group dropped their price target on Ziff Davis from $77.00 to $76.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 5th. Barclays dropped their price target on Ziff Davis from $68.00 to $58.00 and set an “equal weight” rating on the stock in a research note on Friday, May 10th. Finally, Wedbush dropped their price target on Ziff Davis from $78.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, May 10th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Ziff Davis currently has an average rating of “Moderate Buy” and an average price target of $75.13.

Check Out Our Latest Report on Ziff Davis

Ziff Davis Trading Down 0.1 %

NASDAQ:ZD opened at $56.45 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.95 and a quick ratio of 1.95. Ziff Davis, Inc. has a fifty-two week low of $49.50 and a fifty-two week high of $75.58. The stock’s 50-day moving average is $55.02 and its two-hundred day moving average is $62.21. The stock has a market cap of $2.60 billion, a PE ratio of 46.65 and a beta of 1.29.

Ziff Davis (NASDAQ:ZDGet Free Report) last released its earnings results on Wednesday, May 8th. The technology company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.05. Ziff Davis had a return on equity of 14.26% and a net margin of 4.36%. The company had revenue of $314.49 million for the quarter, compared to analysts’ expectations of $317.71 million. As a group, equities research analysts forecast that Ziff Davis, Inc. will post 6.09 earnings per share for the current fiscal year.

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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