Ziff Davis, Inc. $ZD Position Lowered by US Bancorp DE

US Bancorp DE trimmed its position in Ziff Davis, Inc. (NASDAQ:ZD) by 43.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,567 shares of the technology company’s stock after selling 1,194 shares during the period. US Bancorp DE’s holdings in Ziff Davis were worth $59,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Janus Henderson Group PLC lifted its holdings in shares of Ziff Davis by 8.5% in the 4th quarter. Janus Henderson Group PLC now owns 3,487,495 shares of the technology company’s stock worth $189,512,000 after purchasing an additional 272,895 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Ziff Davis by 50.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 538,123 shares of the technology company’s stock valued at $20,314,000 after buying an additional 181,234 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Ziff Davis by 236.8% during the first quarter. Victory Capital Management Inc. now owns 171,833 shares of the technology company’s stock valued at $6,457,000 after acquiring an additional 120,817 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Ziff Davis by 5.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,412,780 shares of the technology company’s stock valued at $131,112,000 after acquiring an additional 118,979 shares during the period. Finally, Wellington Management Group LLP grew its position in shares of Ziff Davis by 34.2% during the fourth quarter. Wellington Management Group LLP now owns 443,707 shares of the technology company’s stock worth $24,111,000 after acquiring an additional 113,157 shares during the last quarter. 99.76% of the stock is owned by institutional investors.

Ziff Davis Trading Up 1.8%

Shares of NASDAQ:ZD opened at $37.04 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 1.59. The stock’s 50-day moving average is $32.46 and its 200-day moving average is $36.04. The company has a market cap of $1.52 billion, a P/E ratio of 24.69 and a beta of 1.63. Ziff Davis, Inc. has a 52-week low of $28.55 and a 52-week high of $60.62.

Ziff Davis (NASDAQ:ZD) last announced its quarterly earnings data on Wednesday, August 6th. The technology company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.02. Ziff Davis had a net margin of 4.57% and a return on equity of 13.91%. The business had revenue of $352.21 million for the quarter, compared to the consensus estimate of $337.47 million. During the same quarter last year, the company posted $1.18 earnings per share. Ziff Davis’s quarterly revenue was up 10.0% on a year-over-year basis. Equities research analysts predict that Ziff Davis, Inc. will post 5.93 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently commented on ZD. Citigroup dropped their target price on Ziff Davis from $52.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, April 25th. Piper Sandler set a $40.00 price objective on Ziff Davis in a research note on Friday, August 8th. JPMorgan Chase & Co. lowered Ziff Davis from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $60.00 to $33.00 in a report on Tuesday, April 22nd. Susquehanna lowered their target price on Ziff Davis from $80.00 to $45.00 and set a “positive” rating on the stock in a report on Monday, May 12th. Finally, Barclays reiterated a “positive” rating on shares of Ziff Davis in a research report on Friday, August 8th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Ziff Davis presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.86.

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.