Goldman Sachs Group Inc. Has $7.96 Million Holdings in Ziff Davis, Inc. $ZD

Key Points

• Goldman Sachs Group Inc. reduced its holdings in Ziff Davis, Inc. by 11.8%, now owning approximately 211,741 shares valued at $7.96 million.
• Institutional investors dominate Ziff Davis' ownership, holding 99.76% of the company's stock following significant investment activity during the first quarter.
• Ziff Davis recently reported quarterly earnings of $1.24 EPS, surpassing analyst expectations, with revenue rising by 10% year-over-year.

Goldman Sachs Group Inc. lessened its position in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 11.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 211,741 shares of the technology company's stock after selling 28,393 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.50% of Ziff Davis worth $7,957,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ZD. Fuller & Thaler Asset Management Inc. grew its position in shares of Ziff Davis by 10.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,113,654 shares of the technology company's stock worth $41,851,000 after buying an additional 105,761 shares during the period. Nuveen LLC acquired a new stake in shares of Ziff Davis during the 1st quarter worth approximately $25,381,000. Rice Hall James & Associates LLC grew its position in shares of Ziff Davis by 21.9% during the 1st quarter. Rice Hall James & Associates LLC now owns 601,573 shares of the technology company's stock worth $22,607,000 after buying an additional 108,101 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Ziff Davis by 50.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 538,123 shares of the technology company's stock worth $20,314,000 after buying an additional 181,234 shares during the period. Finally, Wellington Management Group LLP grew its position in shares of Ziff Davis by 34.2% during the 4th quarter. Wellington Management Group LLP now owns 443,707 shares of the technology company's stock worth $24,111,000 after buying an additional 113,157 shares during the period. Institutional investors and hedge funds own 99.76% of the company's stock.

Ziff Davis Stock Performance

NASDAQ ZD opened at $36.63 on Friday. 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 fifty day simple moving average of $34.62 and a 200 day simple moving average of $34.31. Ziff Davis, Inc. has a 12-month low of $28.55 and a 12-month high of $60.62. The company has a market cap of $1.50 billion, a P/E ratio of 24.42 and a beta of 1.58.

Ziff Davis (NASDAQ:ZD - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The technology company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.02. Ziff Davis had a return on equity of 13.91% and a net margin of 4.57%.The business had revenue of $352.21 million for the quarter, compared to analysts' expectations of $337.47 million. During the same period last year, the business earned $1.18 EPS. The business's revenue was up 10.0% on a year-over-year basis. Sell-side analysts predict that Ziff Davis, Inc. will post 5.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ZD shares. Wall Street Zen raised shares of Ziff Davis from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Barclays reaffirmed a "positive" rating on shares of Ziff Davis in a research report on Friday, August 8th. Finally, Piper Sandler set a $40.00 price objective on shares of Ziff Davis in a research report on Friday, August 8th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price 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.

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