Bastion Asset Management Inc. Has $3.29 Million Stake in Ziff Davis, Inc. $ZD

Bastion Asset Management Inc. increased its stake in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 47.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 94,009 shares of the technology company’s stock after purchasing an additional 30,059 shares during the period. Ziff Davis makes up 1.8% of Bastion Asset Management Inc.’s holdings, making the stock its 22nd largest position. Bastion Asset Management Inc.’s holdings in Ziff Davis were worth $3,293,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. NBC Securities Inc. increased its holdings in shares of Ziff Davis by 121.3% during the 4th quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock valued at $31,000 after acquiring an additional 485 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of Ziff Davis by 1.4% during the 2nd quarter. California State Teachers Retirement System now owns 41,167 shares of the technology company’s stock valued at $1,246,000 after acquiring an additional 550 shares during the last quarter. GAMMA Investing LLC grew its holdings in Ziff Davis by 207.1% in the 4th quarter. GAMMA Investing LLC now owns 906 shares of the technology company’s stock valued at $32,000 after buying an additional 611 shares during the last quarter. Choreo LLC increased its position in Ziff Davis by 4.2% in the 3rd quarter. Choreo LLC now owns 15,352 shares of the technology company’s stock worth $585,000 after buying an additional 614 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in Ziff Davis by 25.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,532 shares of the technology company’s stock worth $159,000 after buying an additional 918 shares during the period. Institutional investors and hedge funds own 99.76% of the company’s stock.

Ziff Davis Price Performance

Shares of ZD stock opened at $41.95 on Wednesday. The stock’s fifty day simple moving average is $43.45 and its 200 day simple moving average is $37.51. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 37.12 and a beta of 1.14. Ziff Davis, Inc. has a one year low of $22.45 and a one year high of $50.55.

Ziff Davis (NASDAQ:ZD) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. Ziff Davis had a return on equity of 12.17% and a net margin of 3.26%.The firm had revenue of $267.64 million during the quarter, compared to the consensus estimate of $264.32 million. During the same quarter in the previous year, the company posted $1.14 EPS. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. On average, analysts expect that Ziff Davis, Inc. will post 4.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

ZD has been the topic of several recent analyst reports. UBS Group dropped their price target on Ziff Davis from $38.00 to $30.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. JPMorgan Chase & Co. dropped their price target on Ziff Davis from $40.00 to $35.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. Evercore reaffirmed an “outperform” rating and issued a $61.00 price target on shares of Ziff Davis in a research report on Tuesday, May 12th. Zacks Research downgraded Ziff Davis from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Finally, Piper Sandler set a $48.00 price target on Ziff Davis in a research report on Monday, May 11th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $47.25.

Ziff Davis Company Profile

Ziff Davis, Inc is a digital media and internet company that operates a diverse portfolio of online brands, subscription-based services and performance marketing platforms. The company specializes in technology publishing and digital marketing solutions, offering content, reviews and insights tailored to consumer and enterprise audiences. Ziff Davis’s flagship media properties include PCMag, which provides expert reviews and comparisons of consumer electronics and software, as well as IGN, a leading destination for gaming news, reviews and entertainment coverage.

Founded in 1927 by William B.