Ziff Davis, Inc. (NASDAQ:ZD) Shares Sold by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC trimmed its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 20.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,657 shares of the technology company’s stock after selling 949 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Ziff Davis were worth $201,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC raised its stake in shares of Ziff Davis by 0.3% during the first 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 during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of 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 worth $113,255,000 after purchasing an additional 257,056 shares during the period. Rice Hall James & Associates LLC raised its holdings in shares of Ziff Davis by 9.4% in the 2nd quarter. Rice Hall James & Associates LLC now owns 451,803 shares of the technology company’s stock worth $24,872,000 after purchasing an additional 38,753 shares during the period. 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 worth $19,820,000 after purchasing an additional 63,458 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings 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 valued at $6,231,000 after buying an additional 8,625 shares during the period. 99.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ZD. Citigroup lowered their price objective 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. Barclays cut their price target on Ziff Davis from $58.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 target price on shares of Ziff Davis in a research note on Friday, September 6th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Ziff Davis presently has an average rating of “Moderate Buy” and a consensus target price of $71.50.

Ziff Davis Trading Down 0.4 %

ZD stock opened at $48.66 on Tuesday. Ziff Davis, Inc. has a 1-year low of $37.76 and a 1-year high of $70.90. The firm has a market cap of $2.24 billion, a P/E ratio of 40.21 and a beta of 1.29. The business’s 50 day moving average is $46.74 and its 200-day moving average is $52.23. 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 announced its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.08). Ziff Davis had a net margin of 5.86% and a return on equity of 13.81%. The firm had revenue of $320.80 million during the quarter, compared to the consensus estimate of $332.44 million. During the same quarter in the previous year, the business posted $1.12 earnings per share. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. Equities analysts anticipate that Ziff Davis, Inc. will post 6.1 earnings per share for the current fiscal year.

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.