Charles Schwab Investment Management Inc. Decreases Stock Position in Ziff Davis, Inc. $ZD

Charles Schwab Investment Management Inc. lowered its stake in Ziff Davis, Inc. (NASDAQ:ZD) by 0.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 752,202 shares of the technology company’s stock after selling 5,742 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.75% of Ziff Davis worth $28,268,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ZD. Janus Henderson Group PLC increased its holdings in shares of Ziff Davis by 8.5% in the fourth quarter. Janus Henderson Group PLC now owns 3,487,495 shares of the technology company’s stock worth $189,512,000 after buying an additional 272,895 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of 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 worth $20,314,000 after buying an additional 181,234 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Ziff Davis by 236.8% in the first quarter. Victory Capital Management Inc. now owns 171,833 shares of the technology company’s stock worth $6,457,000 after buying an additional 120,817 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Ziff Davis by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,412,780 shares of the technology company’s stock worth $131,112,000 after buying an additional 118,979 shares during the period. Finally, Wellington Management Group LLP increased its holdings in shares of Ziff Davis by 34.2% in the fourth quarter. Wellington Management Group LLP now owns 443,707 shares of the technology company’s stock worth $24,111,000 after buying an additional 113,157 shares during the period. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Ziff Davis Stock Performance

Ziff Davis stock opened at $37.24 on Wednesday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $1.53 billion, a P/E ratio of 24.83 and a beta of 1.63. The stock’s 50 day moving average is $32.52 and its 200 day moving average is $36.05. Ziff Davis, Inc. has a twelve month low of $28.55 and a twelve month high of $60.62.

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

Analyst Upgrades and Downgrades

ZD has been the subject of a number of recent analyst reports. Piper Sandler set a $40.00 price target on Ziff Davis in a research report on Friday, August 8th. JPMorgan Chase & Co. lowered Ziff Davis from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $60.00 to $33.00 in a research report on Tuesday, April 22nd. Citigroup lowered their price target on Ziff Davis from $52.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, April 25th. Wall Street Zen raised Ziff Davis from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, Barclays reaffirmed a “positive” rating on shares of Ziff Davis in a research report on Friday, August 8th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.