Ziff Davis, Inc. (NASDAQ:ZD) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lessened its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 9.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 458,207 shares of the technology company’s stock after selling 50,384 shares during the quarter. Fisher Asset Management LLC owned about 1.00% of Ziff Davis worth $30,787,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Retirement Systems of Alabama increased its position in shares of Ziff Davis by 212.4% during the fourth quarter. Retirement Systems of Alabama now owns 181,314 shares of the technology company’s stock worth $12,182,000 after acquiring an additional 123,275 shares during the period. Russell Investments Group Ltd. raised its position in Ziff Davis by 3.2% in the 4th quarter. Russell Investments Group Ltd. now owns 79,586 shares of the technology company’s stock valued at $5,347,000 after purchasing an additional 2,445 shares in the last quarter. Semanteon Capital Management LP purchased a new position in shares of Ziff Davis in the 4th quarter valued at about $280,000. Duality Advisers LP purchased a new position in shares of Ziff Davis in the 4th quarter valued at about $349,000. Finally, Signaturefd LLC grew its position in shares of Ziff Davis by 86.2% during the fourth quarter. Signaturefd LLC now owns 996 shares of the technology company’s stock worth $67,000 after buying an additional 461 shares in the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Insider Buying and Selling at Ziff Davis

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

Ziff Davis Price Performance

Ziff Davis stock opened at $53.88 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.76 and a current ratio of 2.76. Ziff Davis, Inc. has a one year low of $49.50 and a one year high of $75.58. The company has a market cap of $2.49 billion, a P/E ratio of 65.71 and a beta of 1.24. The business has a fifty day moving average of $59.72 and a two-hundred day moving average of $63.24.

Ziff Davis (NASDAQ:ZD) last announced its quarterly earnings results on Wednesday, February 21st. The technology company reported $2.19 EPS for the quarter, topping the consensus estimate of $2.17 by $0.02. The business had revenue of $389.89 million for the quarter, compared to analyst estimates of $400.71 million. Ziff Davis had a return on equity of 13.97% and a net margin of 3.04%. As a group, analysts predict that Ziff Davis, Inc. will post 6.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ZD has been the topic of a number of analyst reports. Barclays raised their price target on Ziff Davis from $66.00 to $68.00 and gave the company an “equal weight” rating in a research note on Friday, February 23rd. Evercore ISI raised their target price on Ziff Davis from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Wedbush upped their price target on Ziff Davis from $75.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Royal Bank of Canada reissued an “outperform” rating and set a $95.00 price objective on shares of Ziff Davis in a report on Friday, February 23rd. Finally, UBS Group lowered their target price on shares of Ziff Davis from $77.00 to $76.00 and set a “neutral” rating for the company in a report on Tuesday, March 5th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $79.57.

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.