Strs Ohio cut its stake in shares of Ziff Davis, Inc. (NASDAQ:ZD – Get Rating) by 8.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,100 shares of the technology company’s stock after selling 300 shares during the quarter. Strs Ohio’s holdings in Ziff Davis were worth $212,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. State of New Jersey Common Pension Fund D grew its holdings in shares of Ziff Davis by 11.4% during the second quarter. State of New Jersey Common Pension Fund D now owns 28,858 shares of the technology company’s stock valued at $2,151,000 after buying an additional 2,962 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of Ziff Davis by 9.2% during the second quarter. Jennison Associates LLC now owns 17,778 shares of the technology company’s stock valued at $1,325,000 after buying an additional 1,496 shares during the last quarter. Duality Advisers LP grew its holdings in shares of Ziff Davis by 904.3% during the second quarter. Duality Advisers LP now owns 27,629 shares of the technology company’s stock valued at $2,059,000 after buying an additional 24,878 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Ziff Davis by 7.5% during the second quarter. Sei Investments Co. now owns 207,660 shares of the technology company’s stock valued at $15,470,000 after buying an additional 14,495 shares during the last quarter. Finally, Keeley Teton Advisors LLC grew its holdings in shares of Ziff Davis by 34.8% during the second quarter. Keeley Teton Advisors LLC now owns 12,579 shares of the technology company’s stock valued at $938,000 after buying an additional 3,244 shares during the last quarter. 99.11% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In related news, EVP Jeremy Rossen sold 2,199 shares of the company’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $85.68, for a total transaction of $188,410.32. Following the completion of the transaction, the executive vice president now owns 5,898 shares in the company, valued at approximately $505,340.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 4.50% of the company’s stock.
Ziff Davis Trading Up 4.7 %
Ziff Davis (NASDAQ:ZD – Get Rating) last issued its quarterly earnings data on Tuesday, November 8th. The technology company reported $1.46 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.46. The business had revenue of $341.87 million during the quarter, compared to the consensus estimate of $348.88 million. Ziff Davis had a net margin of 25.32% and a return on equity of 15.60%. As a group, equities analysts predict that Ziff Davis, Inc. will post 6.32 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the stock. Citigroup assumed coverage on shares of Ziff Davis in a report on Tuesday, December 13th. They set a “neutral” rating and a $100.00 price objective on the stock. Barclays assumed coverage on shares of Ziff Davis in a report on Friday, January 6th. They issued an “equal weight” rating and a $88.00 price target on the stock. JPMorgan Chase & Co. lowered shares of Ziff Davis from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $115.00 to $85.00 in a report on Tuesday, December 20th. Robert W. Baird lowered their price target on shares of Ziff Davis from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Thursday, November 10th. Finally, TheStreet raised shares of Ziff Davis from a “c+” rating to a “b-” rating in a report on Tuesday, November 29th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Ziff Davis presently has an average rating of “Moderate Buy” and a consensus price target of $99.80.
Ziff Davis Profile
Ziff Davis, Inc is a digital media and internet company. It operates through the following segments: Digital Media and Cybersecurity and Martech. The Digital Media segment consists of a portfolio of web properties and apps which include IGN, RetailMeNot, Mashable, PCMag, Humble Bundle,Speedtest, Offers, Black Friday, MedPageToday, Everyday Health, BabyCenter and What to Expect, among others.
- Get a free copy of the StockNews.com research report on Ziff Davis (ZD)
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