Ziff Davis, Inc. (NASDAQ:ZD) Position Increased by International Assets Investment Management LLC

International Assets Investment Management LLC increased its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 5,392.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,841 shares of the technology company's stock after purchasing an additional 13,589 shares during the period. International Assets Investment Management LLC's holdings in Ziff Davis were worth $930,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Arizona State Retirement System lifted its position in Ziff Davis by 1.4% during the third quarter. Arizona State Retirement System now owns 13,463 shares of the technology company's stock valued at $857,000 after acquiring an additional 182 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Ziff Davis by 2.5% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 8,300 shares of the technology company's stock worth $529,000 after buying an additional 200 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Ziff Davis by 31.5% in the fourth quarter. Blue Trust Inc. now owns 851 shares of the technology company's stock worth $54,000 after buying an additional 204 shares during the last quarter. AlphaMark Advisors LLC raised its holdings in shares of Ziff Davis by 6.7% in the fourth quarter. AlphaMark Advisors LLC now owns 3,961 shares of the technology company's stock worth $266,000 after buying an additional 248 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of Ziff Davis by 337.5% in the third quarter. Fifth Third Bancorp now owns 490 shares of the technology company's stock worth $31,000 after buying an additional 378 shares during the last quarter. 99.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $95.00 price target on shares of Ziff Davis in a report on Friday, February 23rd. Evercore ISI upped their price target on shares of Ziff Davis from $75.00 to $80.00 and gave the company an "outperform" rating in a report on Friday, February 23rd. Wedbush lowered their price target on shares of Ziff Davis from $78.00 to $70.00 and set an "outperform" rating on the stock in a report on Friday, May 10th. Barclays lowered their price target on shares of Ziff Davis from $68.00 to $58.00 and set an "equal weight" rating on the stock in a report on Friday, May 10th. Finally, Citigroup decreased their price objective on shares of Ziff Davis from $74.00 to $62.00 and set a "neutral" rating for the company in a research report on Friday, May 10th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $75.13.

Insider Activity

In related news, EVP Jeremy Rossen sold 4,162 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $69.43, for a total transaction of $288,967.66. Following the completion of the transaction, the executive vice president now owns 7,261 shares of the company's stock, valued at approximately $504,131.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.08% of the company's stock.

Ziff Davis Price Performance

ZD stock traded down $0.61 during mid-day trading on Friday, reaching $56.92. The company's stock had a trading volume of 241,476 shares, compared to its average volume of 315,132. The stock has a market cap of $2.63 billion, a PE ratio of 47.55 and a beta of 1.24. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.53. Ziff Davis, Inc. has a fifty-two week low of $49.50 and a fifty-two week high of $75.58. The company's 50 day moving average is $57.48 and its two-hundred day moving average is $62.90.

Ziff Davis (NASDAQ:ZD - Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The technology company reported $2.19 EPS for the quarter, beating analysts' consensus estimates of $2.17 by $0.02. The company had revenue of $389.89 million during the quarter, compared to the consensus estimate of $400.71 million. Ziff Davis had a net margin of 4.36% and a return on equity of 14.26%. Equities research analysts expect that Ziff Davis, Inc. will post 6.23 EPS for the current year.

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.