The Manufacturers Life Insurance Company Takes $740,000 Position in Ziff Davis, Inc. $ZD

The Manufacturers Life Insurance Company acquired a new position in shares of Ziff Davis, Inc. (NASDAQ:ZD) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 14,121 shares of the technology company’s stock, valued at approximately $740,000.

Other large investors have also recently made changes to their positions in the company. Federated Hermes Inc. bought a new stake in Ziff Davis in the fourth quarter worth about $25,000. Hantz Financial Services Inc. lifted its stake in shares of Ziff Davis by 212.2% during the 4th quarter. Hantz Financial Services Inc. now owns 868 shares of the technology company’s stock worth $31,000 after acquiring an additional 590 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in 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 acquiring an additional 687 shares during the period. Allworth Financial LP bought a new position in Ziff Davis in the 2nd quarter valued at $44,000. Finally, TD Private Client Wealth LLC bought a new stake in shares of Ziff Davis during the fourth quarter worth $52,000. 99.76% of the stock is owned by hedge funds and other institutional investors.

Ziff Davis Trading Down 1.1%

Shares of NASDAQ:ZD opened at $55.70 on Friday. The business’s 50-day moving average is $53.83 and its 200 day moving average is $46.39. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.16 and a quick ratio of 2.16. Ziff Davis, Inc. has a 1 year low of $22.45 and a 1 year high of $58.06. The firm has a market capitalization of $1.91 billion, a P/E ratio of 3.15 and a beta of 1.09.

Ziff Davis (NASDAQ:ZD) last issued its quarterly earnings results on Thursday, August 6th. The technology company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.22. The business had revenue of $286.74 million during the quarter, compared to the consensus estimate of $286.10 million. Ziff Davis had a return on equity of 10.73% and a net margin of 48.57%.The company’s quarterly revenue was down 18.7% on a year-over-year basis. During the same quarter last year, the company earned $1.24 earnings per share.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Evercore restated an “outperform” rating and issued a $64.00 price target on shares of Ziff Davis in a report on Monday, August 10th. Susquehanna raised their target price on shares of Ziff Davis from $60.00 to $75.00 and gave the stock a “positive” rating in a research report on Monday, August 10th. Piper Sandler set a $48.00 price target on Ziff Davis in a report on Monday, May 11th. UBS Group raised their price objective on Ziff Davis from $30.00 to $59.00 and gave the stock a “neutral” rating in a report on Wednesday, August 12th. Finally, Weiss Ratings upgraded Ziff Davis from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $56.62.

Insider Buying and Selling at Ziff Davis

In other news, Director Kirk P. Mcdonald sold 1,075 shares of Ziff Davis stock in a transaction on Monday, June 8th. The shares were sold at an average price of $46.65, for a total transaction of $50,148.75. Following the completion of the sale, the director directly owned 13,468 shares in the company, valued at approximately $628,282.20. The trade was a 7.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Jeremy Rossen sold 3,819 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $54.93, for a total value of $209,777.67. Following the completion of the transaction, the executive vice president directly owned 10,643 shares in the company, valued at approximately $584,619.99. The trade was a 26.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,807 shares of company stock worth $1,319,424 in the last three months. 3.40% of the stock is owned by company 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.