Vanguard Personalized Indexing Management LLC Takes $473,000 Position in Ziff Davis, Inc. (NASDAQ:ZD)

Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Ziff Davis, Inc. (NASDAQ:ZD) during the fourth quarter, Holdings Channel.com reports. The fund purchased 7,033 shares of the technology company’s stock, valued at approximately $473,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ZD. Fifth Third Bancorp lifted its position in shares of Ziff Davis by 337.5% during the 3rd quarter. Fifth Third Bancorp now owns 490 shares of the technology company’s stock worth $31,000 after buying an additional 378 shares in the last quarter. Teacher Retirement System of Texas boosted its position in Ziff Davis by 251.5% in the third quarter. Teacher Retirement System of Texas now owns 12,542 shares of the technology company’s stock worth $799,000 after purchasing an additional 8,974 shares during the last quarter. Victory Capital Management Inc. grew its stake in Ziff Davis by 232.4% in the 3rd quarter. Victory Capital Management Inc. now owns 54,066 shares of the technology company’s stock valued at $3,443,000 after purchasing an additional 37,800 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of Ziff Davis during the 3rd quarter valued at $1,834,000. Finally, Seizert Capital Partners LLC bought a new stake in shares of Ziff Davis during the 3rd quarter worth $1,527,000. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Ziff Davis Price Performance

Ziff Davis stock opened at $55.57 on Friday. The firm has a market capitalization of $2.56 billion, a P/E ratio of 45.93 and a beta of 1.24. Ziff Davis, Inc. has a one year low of $49.50 and a one year high of $75.58. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.95 and a quick ratio of 1.95. The business has a fifty day moving average price of $56.27 and a 200-day moving average price of $62.71.

Ziff Davis (NASDAQ:ZD) last issued its earnings results on Wednesday, February 21st. The technology company reported $2.19 EPS for the quarter, topping the consensus estimate of $2.17 by $0.02. Ziff Davis had a return on equity of 14.26% and a net margin of 4.36%. The business had revenue of $389.89 million during the quarter, compared to the consensus estimate of $400.71 million. As a group, equities research analysts forecast that Ziff Davis, Inc. will post 6.09 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on ZD. Evercore ISI raised their price objective on shares of Ziff Davis from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Citigroup lowered their price target on shares of Ziff Davis from $74.00 to $62.00 and set a “neutral” rating on the stock in a report on Friday, May 10th. JPMorgan Chase & Co. upgraded Ziff Davis from a “neutral” rating to an “overweight” rating and set a $70.00 price objective on the stock in a research note on Thursday, May 2nd. UBS Group decreased their target price on Ziff Davis from $77.00 to $76.00 and set a “neutral” rating for the company in a research report on Tuesday, March 5th. Finally, Wedbush dropped their price target on Ziff Davis from $78.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, May 10th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.13.

Insider Activity

In other news, EVP Jeremy Rossen sold 4,162 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $69.43, for a total value of $288,967.66. Following the transaction, the executive vice president now owns 7,261 shares of the company’s stock, valued at $504,131.23. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.08% of the stock is owned by company insiders.

Ziff Davis 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.