Ziff Davis, Inc. (NASDAQ:ZD) Position Reduced by Fisher Asset Management LLC

Fisher Asset Management LLC cut its stake in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 9.9% in the fourth quarter, according to the company in 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 approximately 1.00% of Ziff Davis worth $30,787,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Fifth Third Bancorp boosted its position in shares of Ziff Davis by 337.5% during the 3rd quarter. Fifth Third Bancorp now owns 490 shares of the technology company's stock worth $31,000 after acquiring an additional 378 shares in the last quarter. Headinvest LLC purchased a new position in Ziff Davis in the third quarter valued at approximately $44,000. Blue Trust Inc. raised its holdings in Ziff Davis by 31.5% during the fourth quarter. Blue Trust Inc. now owns 851 shares of the technology company's stock worth $54,000 after purchasing an additional 204 shares in the last quarter. Signaturefd LLC lifted its position in shares of Ziff Davis by 86.2% during the 4th quarter. Signaturefd LLC now owns 996 shares of the technology company's stock worth $67,000 after buying an additional 461 shares during the last quarter. Finally, Wolverine Asset Management LLC purchased a new stake in shares of Ziff Davis during the 3rd quarter worth approximately $225,000. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Ziff Davis

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

Analyst Upgrades and Downgrades

ZD has been the topic of a number of research reports. Evercore ISI raised their price target on Ziff Davis from $75.00 to $80.00 and gave the stock an "outperform" rating in a research note on Friday, February 23rd. Wedbush lifted their target price on shares of Ziff Davis from $75.00 to $78.00 and gave the company an "outperform" rating in a report on Friday, February 23rd. UBS Group decreased their price target on shares of Ziff Davis from $77.00 to $76.00 and set a "neutral" rating for the company in a research note on Tuesday, March 5th. Royal Bank of Canada restated an "outperform" rating and issued a $95.00 price objective on shares of Ziff Davis in a research note on Friday, February 23rd. Finally, JPMorgan Chase & Co. upgraded shares of Ziff Davis from a "neutral" rating to an "overweight" rating and set a $70.00 target price for the company in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Ziff Davis presently has a consensus rating of "Moderate Buy" and a consensus target price of $79.57.

Ziff Davis Price Performance

Shares of NASDAQ:ZD traded up $0.29 during midday trading on Friday, hitting $53.88. 357,982 shares of the stock were exchanged, compared to its average volume of 408,310. Ziff Davis, Inc. has a twelve month low of $49.50 and a twelve month high of $75.58. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 0.53. The company has a 50 day moving average price of $59.72 and a 200-day moving average price of $63.24. The stock has a market cap of $2.49 billion, a P/E ratio of 65.71 and a beta of 1.24.

Ziff Davis (NASDAQ:ZD - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The technology company reported $2.19 earnings per share for the quarter, topping analysts' consensus estimates of $2.17 by $0.02. Ziff Davis had a net margin of 3.04% and a return on equity of 13.97%. The business had revenue of $389.89 million during the quarter, compared to analysts' expectations of $400.71 million. On average, research analysts forecast that Ziff Davis, Inc. will post 6.23 earnings per share for the current year.

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.