Vanguard Group Inc. Sells 46,088 Shares of Ziff Davis, Inc. $ZD

Vanguard Group Inc. lowered its position in Ziff Davis, Inc. (NASDAQ:ZD) by 0.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,883,907 shares of the technology company’s stock after selling 46,088 shares during the period. Vanguard Group Inc. owned about 11.38% of Ziff Davis worth $183,537,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of Ziff Davis by 148.4% in the first quarter. GAMMA Investing LLC now owns 713 shares of the technology company’s stock worth $27,000 after acquiring an additional 426 shares during the period. Sterling Capital Management LLC grew its holdings in shares of Ziff Davis by 786.0% in the fourth quarter. Sterling Capital Management LLC now owns 1,391 shares of the technology company’s stock worth $76,000 after acquiring an additional 1,234 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Ziff Davis by 118.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,605 shares of the technology company’s stock worth $196,000 after acquiring an additional 1,952 shares during the period. Western Wealth Management LLC bought a new stake in shares of Ziff Davis in the fourth quarter worth $217,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Ziff Davis by 75.7% in the first quarter. PNC Financial Services Group Inc. now owns 6,139 shares of the technology company’s stock worth $231,000 after acquiring an additional 2,645 shares during the period. Institutional investors own 99.76% of the company’s stock.

Ziff Davis Price Performance

NASDAQ:ZD opened at $37.24 on Wednesday. The company has a current ratio of 1.59, a quick 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. Ziff Davis, Inc. has a 12 month low of $28.55 and a 12 month high of $60.62. The business’s 50-day moving average is $32.52 and its 200 day moving average is $36.05.

Ziff Davis (NASDAQ:ZD) last posted its earnings results on Wednesday, August 6th. The technology company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates 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 revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.18 earnings per share. On average, equities research analysts forecast that Ziff Davis, Inc. will post 5.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ZD. Barclays reaffirmed a “positive” rating on shares of Ziff Davis in a report on Friday, August 8th. UBS Group set a $40.00 price objective on Ziff Davis and gave the stock a “neutral” rating in a report on Wednesday, May 14th. Piper Sandler set a $40.00 target price on Ziff Davis in a research report on Friday, August 8th. Wall Street Zen upgraded Ziff Davis from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, JPMorgan Chase & Co. downgraded Ziff Davis from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $60.00 to $33.00 in a research report on Tuesday, April 22nd. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $46.86.

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.