10,624 Shares in Ziff Davis, Inc. $ZD Purchased by One Wealth Advisors LLC

One Wealth Advisors LLC purchased a new stake in shares of Ziff Davis, Inc. (NASDAQ:ZD) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,624 shares of the technology company’s stock, valued at approximately $556,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Federated Hermes Inc. acquired a new stake in shares of Ziff Davis during the fourth quarter worth approximately $25,000. NBC Securities Inc. boosted its holdings 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 worth $31,000 after acquiring an additional 485 shares in the last quarter. Hantz Financial Services Inc. grew its position in 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. grew its position 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 worth $35,000 after acquiring an additional 687 shares during the last quarter. Finally, TD Private Client Wealth LLC acquired a new stake in Ziff Davis during the 4th quarter valued at $52,000. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ziff Davis

In related news, CFO Bret Richter sold 18,000 shares of Ziff Davis stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $46.88, for a total value of $843,840.00. Following the completion of the sale, the chief financial officer directly owned 29,244 shares in the company, valued at $1,370,958.72. This trade represents a 38.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jeremy Rossen sold 8,000 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $47.00, for a total value of $376,000.00. Following the sale, the executive vice president directly owned 14,462 shares of the company’s stock, valued at $679,714. This represents a 35.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 36,641 shares of company stock worth $1,755,306. 3.40% of the stock is owned by insiders.

Ziff Davis Stock Performance

ZD stock opened at $55.38 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.16 and a quick ratio of 1.66. The company has a 50 day moving average price of $51.11 and a 200 day moving average price of $44.23. Ziff Davis, Inc. has a fifty-two week low of $22.45 and a fifty-two week high of $58.06. The stock has a market capitalization of $1.90 billion, a PE ratio of 3.13 and a beta of 1.08.

Ziff Davis (NASDAQ:ZD) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.22. The firm had revenue of $286.74 million for 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 business’s revenue for the quarter was down 18.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.24 EPS.

Analyst Upgrades and Downgrades

ZD has been the subject of several research analyst reports. Barclays lifted their price objective on Ziff Davis from $45.00 to $48.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. UBS Group raised their target price on Ziff Davis from $30.00 to $59.00 and gave the company a “neutral” rating in a research note on Wednesday. Susquehanna lifted their price target on Ziff Davis from $60.00 to $75.00 and gave the company a “positive” rating in a report on Monday, August 10th. Weiss Ratings upgraded shares of Ziff Davis from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. Finally, Zacks Research downgraded shares of Ziff Davis from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $56.62.

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.