Ziff Davis, Inc. (NASDAQ:ZD) Shares Bought by Easterly Investment Partners LLC

Easterly Investment Partners LLC raised its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 32.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,890 shares of the technology company’s stock after purchasing an additional 4,604 shares during the period. Easterly Investment Partners LLC’s holdings in Ziff Davis were worth $919,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ZD. Janus Henderson Group PLC increased its position in Ziff Davis by 0.3% during the 1st quarter. Janus Henderson Group PLC now owns 3,239,654 shares of the technology company’s stock worth $204,227,000 after purchasing an additional 10,303 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Ziff Davis by 14.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,057,314 shares of the technology company’s stock worth $113,255,000 after buying an additional 257,056 shares in the last quarter. Rice Hall James & Associates LLC raised its position in shares of Ziff Davis by 11.0% in the third quarter. Rice Hall James & Associates LLC now owns 501,313 shares of the technology company’s stock valued at $24,394,000 after buying an additional 49,510 shares during the last quarter. Retirement Systems of Alabama lifted its stake in shares of Ziff Davis by 21.4% during the second quarter. Retirement Systems of Alabama now owns 360,030 shares of the technology company’s stock valued at $19,820,000 after buying an additional 63,458 shares during the period. Finally, AQR Capital Management LLC boosted its position in Ziff Davis by 453.7% during the second quarter. AQR Capital Management LLC now owns 278,564 shares of the technology company’s stock worth $15,204,000 after acquiring an additional 228,257 shares during the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Ziff Davis Price Performance

ZD stock opened at $56.65 on Friday. The company has a market cap of $2.53 billion, a PE ratio of 34.97 and a beta of 1.29. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.54. The stock has a 50-day moving average price of $47.60 and a two-hundred day moving average price of $49.95. Ziff Davis, Inc. has a 12-month low of $37.76 and a 12-month high of $70.90.

Ziff Davis (NASDAQ:ZD) last posted its earnings results on Wednesday, August 7th. The technology company reported $1.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.08). The business 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 firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the company posted $1.12 EPS. As a group, research analysts predict that Ziff Davis, Inc. will post 6.1 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ZD shares. Barclays reduced their price target on Ziff Davis from $58.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 target price on shares of Ziff Davis in a research report on Friday, September 6th. 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 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 company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $71.50.

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.