State of Alaska Department of Revenue Purchases 20,437 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

State of Alaska Department of Revenue boosted its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 401.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,526 shares of the technology company’s stock after buying an additional 20,437 shares during the period. State of Alaska Department of Revenue owned approximately 0.06% of Ziff Davis worth $1,242,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in ZD. Dimensional Fund Advisors LP lifted its holdings in 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 acquiring an additional 257,056 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Ziff Davis by 453.7% during 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 in the last quarter. International Assets Investment Management LLC raised its position in Ziff Davis by 31,812.6% during the third quarter. International Assets Investment Management LLC now owns 65,740 shares of the technology company’s stock worth $3,199,000 after acquiring an additional 65,534 shares in 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. Finally, Rice Hall James & Associates LLC lifted its position in shares of Ziff Davis by 9.4% in the second quarter. Rice Hall James & Associates LLC now owns 451,803 shares of the technology company’s stock valued at $24,872,000 after buying an additional 38,753 shares during the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

Ziff Davis Stock Performance

Ziff Davis stock opened at $46.37 on Monday. Ziff Davis, Inc. has a 1 year low of $37.76 and a 1 year high of $70.90. 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 company has a market capitalization of $2.07 billion, a P/E ratio of 28.62 and a beta of 1.29. The business has a 50 day moving average of $47.36 and a 200-day moving average of $49.98.

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

Analysts Set New Price Targets

Several analysts recently commented on ZD shares. Citigroup reduced their target price on shares of Ziff Davis from $52.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Barclays dropped their price target 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, Royal Bank of Canada restated an “outperform” rating and set a $95.00 target price on shares of Ziff Davis in a research note on Friday, September 6th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Ziff Davis presently has an average rating of “Moderate Buy” and a consensus price target 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.