Ziff Davis, Inc. (NASDAQ:ZD) Holdings Raised by Creative Planning

Creative Planning lifted its stake in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 16.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,840 shares of the technology company’s stock after purchasing an additional 822 shares during the quarter. Creative Planning’s holdings in Ziff Davis were worth $321,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Algert Global LLC purchased a new position in Ziff Davis during the 2nd quarter valued at about $256,000. Maverick Capital Ltd. grew its stake in shares of Ziff Davis by 386.9% in the 2nd quarter. Maverick Capital Ltd. now owns 31,242 shares of the technology company’s stock valued at $1,720,000 after buying an additional 24,826 shares in the last quarter. Dark Forest Capital Management LP lifted its holdings in Ziff Davis by 41.0% in the 2nd quarter. Dark Forest Capital Management LP now owns 15,274 shares of the technology company’s stock worth $841,000 after purchasing an additional 4,440 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Ziff Davis by 453.7% in the 2nd quarter. AQR Capital Management LLC now owns 278,564 shares of the technology company’s stock worth $15,204,000 after purchasing an additional 228,257 shares during the last quarter. Finally, AXA S.A. lifted its holdings in Ziff Davis by 52.4% in the 2nd quarter. AXA S.A. now owns 94,167 shares of the technology company’s stock worth $5,184,000 after purchasing an additional 32,367 shares during the last quarter. 99.76% of the stock is currently owned by institutional investors.

Ziff Davis Stock Performance

NASDAQ:ZD opened at $47.24 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.91 and a quick ratio of 1.91. The business has a fifty day simple moving average of $46.74 and a two-hundred day simple moving average of $50.80. Ziff Davis, Inc. has a 1 year low of $37.76 and a 1 year high of $70.90. The company has a market capitalization of $2.18 billion, a P/E ratio of 39.04 and a beta of 1.29.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 price target on shares of Ziff Davis in a report on Friday, September 6th. Barclays cut their target price on Ziff Davis from $58.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday, August 9th. Finally, Citigroup cut their target price 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 investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Ziff Davis has an average rating of “Moderate Buy” and an average target price of $71.50.

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.