GHP Investment Advisors Inc. Sells 1,218 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

GHP Investment Advisors Inc. cut its position in Ziff Davis, Inc. (NASDAQ:ZD) by 7.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,695 shares of the technology company’s stock after selling 1,218 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Ziff Davis were worth $1,055,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its position in shares of Ziff Davis by 5,392.5% during the 4th quarter. International Assets Investment Management LLC now owns 13,841 shares of the technology company’s stock valued at $930,000 after acquiring an additional 13,589 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Ziff Davis by 3.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,521 shares of the technology company’s stock valued at $1,446,000 after acquiring an additional 740 shares during the period. AlphaMark Advisors LLC lifted its position in shares of Ziff Davis by 6.7% during the 4th quarter. AlphaMark Advisors LLC now owns 3,961 shares of the technology company’s stock valued at $266,000 after acquiring an additional 248 shares during the period. Blue Trust Inc. lifted its position in shares of Ziff Davis by 31.5% during the 4th quarter. Blue Trust Inc. now owns 851 shares of the technology company’s stock valued at $54,000 after acquiring an additional 204 shares during the period. Finally, Brave Asset Management Inc. lifted its position in shares of Ziff Davis by 4.3% during the 4th quarter. Brave Asset Management Inc. now owns 334,457 shares of the technology company’s stock valued at $22,472,000 after acquiring an additional 13,658 shares during the period. 99.76% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Jeremy Rossen sold 4,162 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $69.43, for a total value of $288,967.66. Following the completion of the sale, the executive vice president now owns 7,261 shares of the company’s stock, valued at $504,131.23. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.08% of the company’s stock.

Ziff Davis Price Performance

Shares of ZD opened at $53.78 on Friday. The stock has a market cap of $2.48 billion, a PE ratio of 65.59 and a beta of 1.19. The business has a 50-day simple moving average of $64.23 and a two-hundred day simple moving average of $64.42. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 0.53. Ziff Davis, Inc. has a 12-month low of $52.83 and a 12-month high of $78.11.

Ziff Davis (NASDAQ:ZD) last issued its quarterly earnings results on Wednesday, February 21st. The technology company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.02. The company had revenue of $389.89 million during the quarter, compared to analysts’ expectations of $400.71 million. Ziff Davis had a return on equity of 13.97% and a net margin of 3.04%. Analysts anticipate that Ziff Davis, Inc. will post 6.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ZD has been the subject of a number of recent analyst reports. Wedbush upped their target price on Ziff Davis from $75.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Barclays upped their price objective on Ziff Davis from $66.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Friday, February 23rd. Evercore ISI upped their price objective on Ziff Davis from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Royal Bank of Canada restated an “outperform” rating and set a $95.00 price objective on shares of Ziff Davis in a research report on Friday, February 23rd. Finally, UBS Group dropped their price objective on Ziff Davis from $77.00 to $76.00 and set a “neutral” rating for the company in a research report on Tuesday, March 5th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ziff Davis has a consensus rating of “Moderate Buy” and a consensus target price of $81.17.

Ziff Davis 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.