Empowered Funds LLC Sells 53,705 Shares of Ziff Davis, Inc. $ZD

Empowered Funds LLC decreased its position in Ziff Davis, Inc. (NASDAQ:ZD) by 25.6% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 155,824 shares of the technology company’s stock after selling 53,705 shares during the period. Empowered Funds LLC’s holdings in Ziff Davis were worth $6,538,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Public Employees Retirement System of Ohio grew its holdings in Ziff Davis by 17.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 2,189 shares of the technology company’s stock worth $92,000 after acquiring an additional 319 shares during the period. NBC Securities Inc. lifted its stake in shares of Ziff Davis by 121.2% in the 4th quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock valued at $31,000 after purchasing an additional 485 shares during the period. California State Teachers Retirement System lifted its stake in shares of Ziff Davis by 1.4% in 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 purchasing an additional 550 shares during the period. Hantz Financial Services Inc. lifted its stake in shares of Ziff Davis by 212.2% in the 4th quarter. Hantz Financial Services Inc. now owns 868 shares of the technology company’s stock valued at $31,000 after purchasing an additional 590 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its position in shares of Ziff Davis by 226.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 990 shares of the technology company’s stock valued at $35,000 after purchasing an additional 687 shares in the last quarter. Institutional investors own 99.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Susquehanna lifted their target price on Ziff Davis from $45.00 to $60.00 and gave the stock a “positive” rating in a report on Tuesday, May 5th. Evercore restated an “outperform” rating and set a $61.00 price target on shares of Ziff Davis in a report on Tuesday, May 12th. Barclays raised their price objective on shares of Ziff Davis from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Royal Bank Of Canada lifted their price objective on shares of Ziff Davis from $40.00 to $48.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Finally, Weiss Ratings upgraded shares of Ziff Davis from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, June 1st. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Ziff Davis presently has a consensus rating of “Hold” and an average target price of $47.25.

Ziff Davis Stock Up 0.9%

ZD opened at $53.08 on Friday. Ziff Davis, Inc. has a fifty-two week low of $22.45 and a fifty-two week high of $54.97. The firm has a market capitalization of $1.95 billion, a P/E ratio of 46.97 and a beta of 1.08. The company’s 50-day moving average is $49.37 and its 200 day moving average is $43.09. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.66 and a quick ratio of 1.66.

Ziff Davis (NASDAQ:ZD) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01. The business had revenue of $267.64 million for the quarter, compared to analysts’ expectations of $264.32 million. Ziff Davis had a return on equity of 12.17% and a net margin of 3.26%.The business’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.14 earnings per share.

Insiders Place Their Bets

In other Ziff Davis news, EVP Jeremy Rossen sold 8,000 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $47.00, for a total transaction of $376,000.00. Following the sale, the executive vice president owned 14,462 shares of the company’s stock, valued at $679,714. The trade was a 35.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kirk P. Mcdonald sold 1,075 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $46.65, for a total value of $50,148.75. Following the sale, the director owned 13,468 shares in the company, valued at approximately $628,282.20. This represents a 7.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 31,422 shares of company stock valued at $1,468,864 over the last ninety days. 3.40% of the stock is currently owned by insiders.

Ziff Davis 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.