Deutsche Bank AG Takes Position in Ziff Davis, Inc. $ZD

Deutsche Bank AG acquired a new position in Ziff Davis, Inc. (NASDAQ:ZDFree Report) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 41,245 shares of the technology company’s stock, valued at approximately $2,160,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Public Employees Retirement System of Ohio grew its stake in Ziff Davis by 17.1% in the 1st quarter. Public Employees Retirement System of Ohio now owns 2,189 shares of the technology company’s stock worth $92,000 after buying an additional 319 shares in the last quarter. NBC Securities Inc. lifted its holdings in shares of Ziff Davis by 121.2% during the 4th quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock worth $31,000 after acquiring an additional 485 shares during the last quarter. California State Teachers Retirement System grew its position in Ziff Davis by 1.4% in the second quarter. California State Teachers Retirement System now owns 41,167 shares of the technology company’s stock worth $1,246,000 after acquiring an additional 550 shares in the last quarter. Hantz Financial Services Inc. grew its position in Ziff Davis by 212.2% in the fourth quarter. Hantz Financial Services Inc. now owns 868 shares of the technology company’s stock worth $31,000 after acquiring an additional 590 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its stake in Ziff Davis by 226.7% in the fourth 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 last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

Ziff Davis Stock Up 0.4%

Shares of Ziff Davis stock opened at $55.82 on Friday. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.32. Ziff Davis, Inc. has a 12-month low of $22.45 and a 12-month high of $58.06. The company has a market cap of $1.91 billion, a P/E ratio of 3.16 and a beta of 1.08. The company’s fifty day simple moving average is $52.83 and its two-hundred day simple moving average is $45.46.

Ziff Davis (NASDAQ:ZDGet Free Report) last posted its earnings results on Thursday, August 6th. The technology company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.81 by $0.22. The firm had revenue of $286.74 million during the quarter, compared to analysts’ expectations of $286.10 million. Ziff Davis had a net margin of 48.57% and a return on equity of 10.73%. The company’s quarterly revenue was down 18.7% compared to the same quarter last year. During the same period last year, the company posted $1.24 EPS.

Wall Street Analysts Forecast Growth

ZD has been the topic of a number of research reports. Weiss Ratings upgraded Ziff Davis from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. Evercore reiterated an “outperform” rating and issued a $64.00 price objective on shares of Ziff Davis in a report on Monday, August 10th. Zacks Research lowered Ziff Davis from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada raised their price objective on Ziff Davis from $48.00 to $65.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Finally, Citigroup upped their target price on Ziff Davis from $48.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $56.62.

Get Our Latest Stock Analysis on Ziff Davis

Insider Buying and Selling

In other Ziff Davis news, CFO Bret Richter sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $46.88, for a total transaction of $843,840.00. Following the transaction, the chief financial officer owned 29,244 shares in the company, valued at approximately $1,370,958.72. This represents a 38.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kirk P. Mcdonald sold 1,075 shares of the stock in a transaction that occurred 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 completion of the transaction, the director directly owned 13,468 shares of the company’s stock, valued at $628,282.20. This represents a 7.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 34,807 shares of company stock valued at $1,695,424 over the last quarter. 3.40% of the stock is currently owned by insiders.

About Ziff Davis

(Free Report)

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.

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Institutional Ownership by Quarter for Ziff Davis (NASDAQ:ZD)

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