GHP Investment Advisors Inc. Cuts Position in Ziff Davis, Inc. (NASDAQ:ZD)

GHP Investment Advisors Inc. trimmed its position in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 72.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,926 shares of the technology company’s stock after selling 12,672 shares during the period. GHP Investment Advisors Inc.’s holdings in Ziff Davis were worth $268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of ZD. Choreo LLC lifted its holdings in shares of Ziff Davis by 28.8% in the 4th quarter. Choreo LLC now owns 10,369 shares of the technology company’s stock valued at $566,000 after acquiring an additional 2,318 shares during the last quarter. Mount Yale Investment Advisors LLC purchased a new stake in Ziff Davis during the fourth quarter valued at approximately $318,000. Pacer Advisors Inc. boosted its holdings in shares of Ziff Davis by 100,954.3% in the 4th quarter. Pacer Advisors Inc. now owns 1,267,221 shares of the technology company’s stock worth $68,861,000 after purchasing an additional 1,265,967 shares during the period. Hunter Perkins Capital Management LLC increased its position in shares of Ziff Davis by 4.0% during the 4th quarter. Hunter Perkins Capital Management LLC now owns 14,855 shares of the technology company’s stock valued at $807,000 after purchasing an additional 565 shares during the last quarter. Finally, Exchange Traded Concepts LLC purchased a new stake in Ziff Davis during the 4th quarter valued at $3,078,000. 99.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on ZD. Barclays lifted their price objective on shares of Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. UBS Group dropped their price target on shares of Ziff Davis from $76.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, December 3rd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Ziff Davis presently has an average rating of “Moderate Buy” and an average price target of $69.71.

Ziff Davis Stock Down 0.8 %

NASDAQ:ZD opened at $52.37 on Friday. The stock has a fifty day simple moving average of $55.24 and a 200-day simple moving average of $50.77. 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 company has a market cap of $2.24 billion, a price-to-earnings ratio of 44.38 and a beta of 1.36. Ziff Davis, Inc. has a twelve month low of $37.76 and a twelve month high of $70.02.

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

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.