American International Group Inc. Sells 3,851 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

American International Group Inc. lowered its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 4.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 84,754 shares of the technology company’s stock after selling 3,851 shares during the quarter. American International Group Inc. owned about 0.18% of Ziff Davis worth $5,695,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ZD. EverSource Wealth Advisors LLC lifted its holdings in shares of Ziff Davis by 362.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 513 shares of the technology company’s stock valued at $34,000 after purchasing an additional 402 shares in the last quarter. OLD Point Trust & Financial Services N A purchased a new position in Ziff Davis during the 4th quarter worth $34,000. Headinvest LLC bought a new stake in shares of Ziff Davis in the 3rd quarter worth $44,000. First Horizon Advisors Inc. raised its holdings in shares of Ziff Davis by 32.2% in the fourth quarter. First Horizon Advisors Inc. now owns 686 shares of the technology company’s stock valued at $46,000 after purchasing an additional 167 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Ziff Davis by 31.5% during the fourth quarter. Blue Trust Inc. now owns 851 shares of the technology company’s stock valued at $54,000 after purchasing an additional 204 shares in the last quarter. Institutional investors own 99.76% of the company’s stock.

Ziff Davis Price Performance

NASDAQ ZD opened at $55.21 on Friday. The company has a market cap of $2.55 billion, a PE ratio of 45.63 and a beta of 1.29. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.53. The firm’s 50-day simple moving average is $54.44 and its two-hundred day simple moving average is $61.56. Ziff Davis, Inc. has a 52 week low of $49.50 and a 52 week high of $75.58.

Ziff Davis (NASDAQ:ZD) last announced its quarterly earnings results on Wednesday, May 8th. The technology company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.05. Ziff Davis had a net margin of 4.36% and a return on equity of 14.26%. The company had revenue of $314.49 million for the quarter, compared to analysts’ expectations of $317.71 million. Research analysts predict that Ziff Davis, Inc. will post 6.09 earnings per share for the current year.

Analysts Set New Price Targets

ZD has been the subject of a number of recent analyst reports. Citigroup reduced their price objective on shares of Ziff Davis from $74.00 to $62.00 and set a “neutral” rating for the company in a research report on Friday, May 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price target on shares of Ziff Davis in a research report on Friday, February 23rd. Wedbush cut their price objective 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. Evercore ISI raised their target price on Ziff Davis from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Finally, UBS Group cut their price target on shares of Ziff Davis from $77.00 to $76.00 and set a “neutral” rating on the stock in a report on Tuesday, March 5th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Ziff Davis has an average rating of “Moderate Buy” and a consensus target price of $75.13.

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.