Creative Planning Has $649,000 Stock Holdings in Ziff Davis, Inc. (NASDAQ:ZD)

Creative Planning grew its position in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 128.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,347 shares of the technology company’s stock after acquiring an additional 7,507 shares during the quarter. Creative Planning’s holdings in Ziff Davis were worth $649,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. QRG Capital Management Inc. increased its holdings in Ziff Davis by 4.6% during the first quarter. QRG Capital Management Inc. now owns 17,623 shares of the technology company’s stock worth $1,111,000 after buying an additional 777 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Ziff Davis by 8.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 113,196 shares of the technology company’s stock worth $6,231,000 after purchasing an additional 8,625 shares during the last quarter. Retirement Systems of Alabama raised its holdings in shares of Ziff Davis by 21.4% in the 2nd quarter. Retirement Systems of Alabama now owns 360,030 shares of the technology company’s stock valued at $19,820,000 after purchasing an additional 63,458 shares during the period. Dimensional Fund Advisors LP lifted its stake in Ziff Davis by 14.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,057,314 shares of the technology company’s stock valued at $113,255,000 after purchasing an additional 257,056 shares during the last quarter. Finally, ClariVest Asset Management LLC bought a new position in Ziff Davis during the second quarter worth about $1,511,000. 99.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ZD has been the subject of a number of recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $95.00 price objective on shares of Ziff Davis in a research report on Friday, September 6th. Citigroup reduced their price objective on shares of Ziff Davis from $52.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Finally, Barclays decreased their price objective on shares of Ziff Davis from $58.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $71.50.

Ziff Davis Stock Performance

ZD opened at $46.69 on Tuesday. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 28.82 and a beta of 1.29. The company’s fifty day moving average price is $47.36 and its two-hundred day moving average price is $49.97. Ziff Davis, Inc. has a 1-year low of $37.76 and a 1-year high of $70.90. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.54.

Ziff Davis (NASDAQ:ZD) last issued its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.08). Ziff Davis had a return on equity of 13.81% and a net margin of 5.86%. The company had revenue of $320.80 million during the quarter, compared to analysts’ expectations of $332.44 million. During the same period last year, the firm posted $1.12 earnings per share. Ziff Davis’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, analysts expect that Ziff Davis, Inc. will post 6.1 EPS for the current fiscal year.

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.