Blue Trust Inc. Has $30,000 Stake in Ziff Davis, Inc. $ZD

Blue Trust Inc. lowered its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 29.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 978 shares of the technology company’s stock after selling 407 shares during the quarter. Blue Trust Inc.’s holdings in Ziff Davis were worth $30,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in Ziff Davis by 148.4% in the first quarter. GAMMA Investing LLC now owns 713 shares of the technology company’s stock valued at $27,000 after acquiring an additional 426 shares during the period. State of Wyoming bought a new stake in Ziff Davis in the first quarter valued at about $39,000. TD Private Client Wealth LLC bought a new stake in Ziff Davis in the second quarter valued at about $37,000. Caitong International Asset Management Co. Ltd bought a new stake in Ziff Davis in the first quarter valued at about $57,000. Finally, Hennessy Advisors Inc. bought a new stake in Ziff Davis in the second quarter valued at about $87,000. Institutional investors own 99.76% of the company’s stock.

Insider Transactions at Ziff Davis

In other Ziff Davis news, Director Sarah Ann Fay bought 1,354 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was purchased at an average cost of $36.89 per share, with a total value of $49,949.06. Following the completion of the purchase, the director owned 23,619 shares in the company, valued at approximately $871,304.91. The trade was a 6.08% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.16% of the company’s stock.

Ziff Davis Stock Performance

Shares of Ziff Davis stock opened at $35.98 on Friday. The stock’s fifty day simple moving average is $37.39 and its 200 day simple moving average is $33.86. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $1.48 billion, a PE ratio of 23.99 and a beta of 1.60. Ziff Davis, Inc. has a 12 month low of $28.55 and a 12 month high of $60.62.

Ziff Davis (NASDAQ:ZD) last posted its earnings results on Wednesday, August 6th. The technology company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.02. Ziff Davis had a return on equity of 13.91% and a net margin of 4.57%.The firm had revenue of $352.21 million during the quarter, compared to analysts’ expectations of $337.47 million. During the same period in the previous year, the firm earned $1.18 earnings per share. The company’s revenue was up 10.0% on a year-over-year basis. On average, research analysts predict that Ziff Davis, Inc. will post 5.93 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ZD. Wall Street Zen raised shares of Ziff Davis from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Barclays reaffirmed a “positive” rating on shares of Ziff Davis in a research note on Friday, August 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ziff Davis in a research note on Wednesday, October 8th. Finally, Piper Sandler set a $40.00 price objective on shares of Ziff Davis in a research note on Friday, August 8th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Ziff Davis has a consensus rating of “Hold” and an average price target of $38.83.

About Ziff Davis

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.