Ziff Davis, Inc. (NASDAQ:ZD) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC raised its position in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 18.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 175,767 shares of the technology company’s stock after buying an additional 27,592 shares during the quarter. Empowered Funds LLC’s holdings in Ziff Davis were worth $9,551,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Janus Henderson Group PLC grew its position in shares of Ziff Davis by 2.0% during the 3rd quarter. Janus Henderson Group PLC now owns 3,214,600 shares of the technology company’s stock valued at $156,422,000 after buying an additional 62,261 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Ziff Davis by 3.0% during the third quarter. Geode Capital Management LLC now owns 1,274,762 shares of the technology company’s stock valued at $62,040,000 after purchasing an additional 36,863 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Ziff Davis by 100,954.3% during 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. Charles Schwab Investment Management Inc. raised its position in shares of Ziff Davis by 9.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 695,542 shares of the technology company’s stock worth $33,845,000 after purchasing an additional 60,472 shares during the period. Finally, Rice Hall James & Associates LLC lifted its holdings in shares of Ziff Davis by 11.0% in the 3rd quarter. Rice Hall James & Associates LLC now owns 501,313 shares of the technology company’s stock worth $24,394,000 after purchasing an additional 49,510 shares during the last quarter. Institutional investors own 99.76% of the company’s stock.

Ziff Davis Price Performance

Shares of NASDAQ ZD opened at $52.37 on Monday. The firm’s 50-day simple moving average is $55.24 and its 200 day simple moving average is $50.79. The stock has a market cap of $2.24 billion, a P/E ratio of 44.38 and a beta of 1.36. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. Ziff Davis, Inc. has a fifty-two week low of $37.76 and a fifty-two week high of $70.02.

Ziff Davis (NASDAQ:ZD) last issued its quarterly earnings results on Thursday, November 7th. The technology company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.10. The company had revenue of $353.58 million during the quarter, compared to analyst estimates 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 prior year, the business posted $1.35 EPS. Equities analysts expect that Ziff Davis, Inc. will post 5.93 EPS for the current year.

Wall Street Analyst Weigh In

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