Headlands Technologies LLC Has $238,000 Stock Holdings in Ziff Davis, Inc. (NASDAQ:ZD)

Headlands Technologies LLC decreased its stake in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 40.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,541 shares of the technology company’s stock after selling 2,368 shares during the period. Headlands Technologies LLC’s holdings in Ziff Davis were worth $238,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of ZD. Assenagon Asset Management S.A. boosted its position in shares of Ziff Davis by 60.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 46,171 shares of the technology company’s stock valued at $3,102,000 after acquiring an additional 17,379 shares during the period. Jackson Creek Investment Advisors LLC acquired a new stake in Ziff Davis in the 3rd quarter worth about $893,000. Victory Capital Management Inc. boosted its holdings in Ziff Davis by 232.4% in the 3rd quarter. Victory Capital Management Inc. now owns 54,066 shares of the technology company’s stock valued at $3,443,000 after purchasing an additional 37,800 shares during the period. Dark Forest Capital Management LP grew its position in shares of Ziff Davis by 381.8% during the 3rd quarter. Dark Forest Capital Management LP now owns 24,252 shares of the technology company’s stock worth $1,545,000 after purchasing an additional 19,218 shares in the last quarter. Finally, Seizert Capital Partners LLC bought a new position in shares of Ziff Davis during the third quarter worth approximately $1,527,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Analysts Set New Price Targets

ZD has been the topic of several analyst reports. Evercore ISI increased their target price 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 company an “equal weight” rating in a report on Friday, February 23rd. Wedbush upped their price target on shares of Ziff Davis from $75.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. UBS Group decreased their price objective on shares of Ziff Davis from $77.00 to $76.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 5th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $95.00 target price on shares of Ziff Davis in a research note on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $81.17.

Insider Activity

In other Ziff Davis news, EVP Jeremy Rossen sold 4,162 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 7,261 shares in the company, valued at approximately $504,131.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.08% of the stock is owned by company insiders.

Ziff Davis Stock Performance

Shares of Ziff Davis stock opened at $51.21 on Friday. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 62.45 and a beta of 1.19. Ziff Davis, Inc. has a twelve month low of $50.13 and a twelve month high of $75.58. The company’s fifty day moving average is $61.22 and its 200 day moving average is $63.63. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 0.53.

Ziff Davis (NASDAQ:ZD) last posted its quarterly earnings data on Wednesday, February 21st. The technology company reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.02. The company had revenue of $389.89 million for the quarter, compared to analyst estimates of $400.71 million. Ziff Davis had a return on equity of 13.97% and a net margin of 3.04%. Sell-side analysts forecast 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.