Ziff Davis, Inc. (NASDAQ:ZD) Holdings Trimmed by Corbyn Investment Management Inc. MD

Corbyn Investment Management Inc. MD lessened its position in Ziff Davis, Inc. (NASDAQ:ZD) by 0.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 94,715 shares of the technology company’s stock after selling 440 shares during the period. Ziff Davis makes up 3.0% of Corbyn Investment Management Inc. MD’s investment portfolio, making the stock its 10th largest holding. Corbyn Investment Management Inc. MD’s holdings in Ziff Davis were worth $6,364,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fifth Third Bancorp increased its position in 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 purchasing an additional 378 shares during the period. Headinvest LLC acquired a new stake in Ziff Davis in the third quarter valued at $44,000. Ronald Blue Trust Inc. boosted its position in shares of Ziff Davis by 340.1% during the 3rd quarter. Ronald Blue Trust Inc. now owns 647 shares of the technology company’s stock worth $45,000 after purchasing an additional 500 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Ziff Davis by 31.5% during the 4th quarter. Blue Trust Inc. now owns 851 shares of the technology company’s stock worth $54,000 after purchasing an additional 204 shares during the period. Finally, Signaturefd LLC increased its holdings in shares of Ziff Davis by 86.2% in the 4th quarter. Signaturefd LLC now owns 996 shares of the technology company’s stock valued at $67,000 after purchasing an additional 461 shares in the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Ziff Davis Stock Performance

ZD stock traded up $0.67 during midday trading on Friday, reaching $51.75. The company had a trading volume of 68,498 shares, compared to its average volume of 296,389. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 0.53. The stock has a 50 day moving average price of $61.86 and a 200 day moving average price of $63.80. The firm has a market capitalization of $2.39 billion, a PE ratio of 62.29 and a beta of 1.19. Ziff Davis, Inc. has a fifty-two week low of $50.13 and a fifty-two week high of $75.58.

Ziff Davis (NASDAQ:ZD) last released 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 for the quarter, compared to analysts’ expectations of $400.71 million. Analysts anticipate that Ziff Davis, Inc. will post 6.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ZD shares. Evercore ISI upped their price target on Ziff Davis from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Barclays raised their target price on shares of Ziff Davis from $66.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Friday, February 23rd. Royal Bank of Canada restated an “outperform” rating and issued a $95.00 price objective on shares of Ziff Davis in a report on Friday, February 23rd. Wedbush raised their target price on shares of Ziff Davis from $75.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Finally, UBS Group dropped their target price on Ziff Davis from $77.00 to $76.00 and set a “neutral” rating on the stock in a report on Tuesday, March 5th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $81.17.

Insiders Place Their Bets

In other news, EVP Jeremy Rossen sold 4,162 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $69.43, for a total transaction of $288,967.66. Following the completion of the sale, the executive vice president now directly owns 7,261 shares of the company’s stock, valued at $504,131.23. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.08% of the stock is currently owned by insiders.

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.