Exchange Traded Concepts LLC Purchases New Holdings in Ziff Davis, Inc. (NASDAQ:ZD)

Exchange Traded Concepts LLC bought a new stake in shares of Ziff Davis, Inc. (NASDAQ:ZD) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 56,646 shares of the technology company’s stock, valued at approximately $3,078,000.

Other hedge funds have also made changes to their positions in the company. Fort Washington Investment Advisors Inc. OH lifted its stake in shares of Ziff Davis by 19.8% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 350,604 shares of the technology company’s stock worth $19,052,000 after buying an additional 57,830 shares in the last quarter. Brave Asset Management Inc. boosted its holdings in shares of Ziff Davis by 3.9% during the 4th quarter. Brave Asset Management Inc. now owns 363,527 shares of the technology company’s stock worth $19,754,000 after purchasing an additional 13,659 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Ziff Davis by 170.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 259,758 shares of the technology company’s stock valued at $14,115,000 after purchasing an additional 163,708 shares in the last quarter. Central Pacific Bank Trust Division increased its holdings in shares of Ziff Davis by 17.9% in the fourth quarter. Central Pacific Bank Trust Division now owns 3,220 shares of the technology company’s stock valued at $175,000 after purchasing an additional 490 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in Ziff Davis by 36.4% during the third quarter. Principal Financial Group Inc. now owns 210,989 shares of the technology company’s stock worth $10,267,000 after buying an additional 56,352 shares in the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

Ziff Davis Stock Performance

NASDAQ ZD opened at $53.05 on Friday. The stock has a fifty day simple moving average of $56.00 and a 200-day simple moving average of $50.47. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49. The stock has a market cap of $2.27 billion, a PE ratio of 44.96 and a beta of 1.36. Ziff Davis, Inc. has a twelve month low of $37.76 and a twelve month high of $70.90.

Ziff Davis (NASDAQ:ZD) last posted its earnings results on Thursday, November 7th. The technology company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.10. Ziff Davis had a net margin of 4.52% and a return on equity of 13.98%. The firm had revenue of $353.58 million during the quarter, compared to the consensus estimate of $347.66 million. During the same quarter last year, the firm earned $1.35 EPS. Equities analysts anticipate that Ziff Davis, Inc. will post 5.93 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on ZD shares. Barclays upped their target price on Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. UBS Group dropped their price objective on shares of Ziff Davis from $76.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, December 3rd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.71.

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.