Allianz Asset Management GmbH Buys 46,282 Shares of Ziff Davis, Inc. $ZD

Allianz Asset Management GmbH boosted its position in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 23.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 239,594 shares of the technology company’s stock after buying an additional 46,282 shares during the quarter. Allianz Asset Management GmbH owned 0.58% of Ziff Davis worth $9,129,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ZD. First Horizon Corp purchased a new position in shares of Ziff Davis during the 3rd quarter worth about $35,000. Allworth Financial LP lifted its stake in Ziff Davis by 149.8% in the second quarter. Allworth Financial LP now owns 1,029 shares of the technology company’s stock worth $31,000 after purchasing an additional 617 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Ziff Davis by 30.2% during the third quarter. Blue Trust Inc. now owns 1,273 shares of the technology company’s stock valued at $49,000 after buying an additional 295 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in shares of Ziff Davis by 60.1% during the second quarter. Caitong International Asset Management Co. Ltd now owns 2,412 shares of the technology company’s stock valued at $73,000 after buying an additional 905 shares during the last quarter. Finally, Central Pacific Bank Trust Division grew its stake in shares of Ziff Davis by 29.2% during the third quarter. Central Pacific Bank Trust Division now owns 4,110 shares of the technology company’s stock valued at $157,000 after buying an additional 930 shares during the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ZD shares. UBS Group decreased their price target on Ziff Davis from $40.00 to $38.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of Ziff Davis in a research report on Wednesday, January 21st. Zacks Research upgraded shares of Ziff Davis from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Barclays reduced their price target on shares of Ziff Davis from $40.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Monday, November 10th. Finally, Wall Street Zen cut shares of Ziff Davis from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $37.50.

Ziff Davis Stock Performance

Shares of ZD stock opened at $33.51 on Monday. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 13.30 and a beta of 1.46. Ziff Davis, Inc. has a 52-week low of $28.55 and a 52-week high of $54.89. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.48. The company’s 50 day moving average is $36.04 and its 200 day moving average is $35.60.

Ziff Davis (NASDAQ:ZD) last announced its earnings results on Thursday, November 6th. The technology company reported $1.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.76. Ziff Davis had a return on equity of 13.73% and a net margin of 7.62%.The business had revenue of $363.71 million for the quarter, compared to analysts’ expectations of $366.44 million. During the same quarter last year, the firm earned $1.64 EPS. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, sell-side analysts anticipate that Ziff Davis, Inc. will post 5.93 EPS for the current fiscal year.

About Ziff Davis

Ziff Davis, Inc is a digital media and internet company that operates a diverse portfolio of online brands, subscription-based services and performance marketing platforms. The company specializes in technology publishing and digital marketing solutions, offering content, reviews and insights tailored to consumer and enterprise audiences. Ziff Davis’s flagship media properties include PCMag, which provides expert reviews and comparisons of consumer electronics and software, as well as IGN, a leading destination for gaming news, reviews and entertainment coverage.

Founded in 1927 by William B.