Vanguard Group Inc. Trims Holdings in Ziff Davis, Inc. (NASDAQ:ZD)

Vanguard Group Inc. trimmed its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 0.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,643,765 shares of the technology company’s stock after selling 10,780 shares during the quarter. Vanguard Group Inc. owned 10.08% of Ziff Davis worth $312,015,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. OLD Point Trust & Financial Services N A bought a new stake in Ziff Davis during the 4th quarter valued at $34,000. EverSource Wealth Advisors LLC lifted its stake in Ziff Davis by 362.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 513 shares of the technology company’s stock worth $34,000 after acquiring an additional 402 shares during the period. First Horizon Advisors Inc. grew its holdings in Ziff Davis by 32.2% during the 4th quarter. First Horizon Advisors Inc. now owns 686 shares of the technology company’s stock worth $46,000 after acquiring an additional 167 shares in the last quarter. Headinvest LLC purchased a new position in Ziff Davis during the 3rd quarter valued at about $44,000. Finally, Blue Trust Inc. raised its holdings in shares of Ziff Davis by 31.5% in the 4th 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. 99.76% of the stock is currently owned by institutional investors.

Ziff Davis Stock Up 0.8 %

ZD stock opened at $55.05 on Friday. The stock has a market capitalization of $2.54 billion, a PE ratio of 45.50 and a beta of 1.29. Ziff Davis, Inc. has a 52 week low of $49.50 and a 52 week high of $75.58. 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 has a 50 day moving average of $54.80 and a 200 day moving average of $61.27.

Ziff Davis (NASDAQ:ZD) last posted its quarterly earnings data on Wednesday, May 8th. The technology company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.05 by $0.05. Ziff Davis had a net margin of 4.36% and a return on equity of 14.26%. The business had revenue of $314.49 million during the quarter, compared to the consensus estimate of $317.71 million. Sell-side analysts forecast that Ziff Davis, Inc. will post 6.09 earnings per share for the current year.

Wall Street Analyst Weigh In

ZD has been the topic of several research reports. Citigroup cut their price objective 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. Barclays dropped their price objective on Ziff Davis from $68.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Friday, May 10th. UBS Group reduced their target price on shares of Ziff Davis from $77.00 to $76.00 and set a “neutral” rating for the company in a report on Tuesday, March 5th. JPMorgan Chase & Co. upgraded shares of Ziff Davis from a “neutral” rating to an “overweight” rating and set a $70.00 price target on the stock in a report on Thursday, May 2nd. Finally, Wedbush cut their price objective on shares of 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 analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, 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.