AQR Capital Management LLC Has $15.20 Million Stake in Ziff Davis, Inc. (NASDAQ:ZD)

AQR Capital Management LLC lifted its stake in Ziff Davis, Inc. (NASDAQ:ZD) by 453.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 278,564 shares of the technology company’s stock after purchasing an additional 228,257 shares during the period. AQR Capital Management LLC owned 0.60% of Ziff Davis worth $15,204,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Rothschild Investment LLC acquired a new position in Ziff Davis during the 2nd quarter valued at about $25,000. OLD Point Trust & Financial Services N A bought a new stake in shares of Ziff Davis during the fourth quarter worth approximately $34,000. Quest Partners LLC acquired a new position in Ziff Davis in the second quarter valued at approximately $38,000. Innealta Capital LLC bought a new position in Ziff Davis in the second quarter valued at approximately $75,000. Finally, Blue Trust Inc. grew its holdings in Ziff Davis by 72.4% during the 2nd quarter. Blue Trust Inc. now owns 1,686 shares of the technology company’s stock worth $93,000 after acquiring an additional 708 shares during the period. Institutional investors own 99.76% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ZD. Royal Bank of Canada reissued an “outperform” rating and issued a $95.00 price target on shares of Ziff Davis in a research note on Friday, September 6th. Barclays reduced their target price on Ziff Davis from $58.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Finally, Citigroup lowered their price target on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $71.50.

Ziff Davis Price Performance

NASDAQ ZD opened at $47.42 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.91 and a current ratio of 1.91. Ziff Davis, Inc. has a 52-week low of $37.76 and a 52-week high of $70.90. The business has a 50 day simple moving average of $46.68 and a 200 day simple moving average of $52.12. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 39.19 and a beta of 1.29.

Ziff Davis (NASDAQ:ZD) last issued its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.08). The company had revenue of $320.80 million for the quarter, compared to analyst estimates of $332.44 million. Ziff Davis had a return on equity of 13.81% and a net margin of 5.86%. The company’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.12 earnings per share. Analysts anticipate that Ziff Davis, Inc. will post 6.1 earnings per share for the current fiscal year.

About Ziff Davis

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.