Etesian Wealth Advisors Inc. Cuts Stake in Ziff Davis, Inc. (NASDAQ:ZD)

Etesian Wealth Advisors Inc. reduced its position in Ziff Davis, Inc. (NASDAQ:ZD) by 19.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,647 shares of the technology company’s stock after selling 1,109 shares during the quarter. Etesian Wealth Advisors Inc.’s holdings in Ziff Davis were worth $293,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC grew its holdings in shares of Ziff Davis by 362.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 513 shares of the technology company’s stock valued at $34,000 after buying an additional 402 shares during the last quarter. OLD Point Trust & Financial Services N A purchased a new stake in shares of Ziff Davis during the fourth quarter valued at $34,000. Headinvest LLC purchased a new stake in shares of Ziff Davis during the third quarter valued at $44,000. First Horizon Advisors Inc. grew its holdings in shares of Ziff Davis by 32.2% during the fourth quarter. First Horizon Advisors Inc. now owns 686 shares of the technology company’s stock valued at $46,000 after buying an additional 167 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in Ziff Davis by 31.5% in the fourth quarter. Blue Trust Inc. now owns 851 shares of the technology company’s stock valued at $54,000 after purchasing an additional 204 shares during the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

Ziff Davis Price Performance

Ziff Davis stock traded down $1.19 during midday trading on Wednesday, reaching $53.81. The company had a trading volume of 107,188 shares, compared to its average volume of 323,806. The company has a market capitalization of $2.48 billion, a P/E ratio of 44.77 and a beta of 1.29. Ziff Davis, Inc. has a 12-month low of $49.50 and a 12-month high of $75.58. The firm’s fifty day simple moving average is $54.56 and its 200-day simple moving average is $61.43. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.95 and a quick ratio of 1.95.

Ziff Davis (NASDAQ:ZD) last issued its quarterly earnings results on Wednesday, May 8th. The technology company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.05. The firm had revenue of $314.49 million for the quarter, compared to analyst estimates of $317.71 million. Ziff Davis had a net margin of 4.36% and a return on equity of 14.26%. As a group, equities analysts anticipate that Ziff Davis, Inc. will post 6.09 EPS for the current year.

Analyst Ratings Changes

ZD has been the topic of several analyst reports. JPMorgan Chase & Co. raised Ziff Davis from a “neutral” rating to an “overweight” rating and set a $70.00 price target on the stock in a research report on Thursday, May 2nd. UBS Group cut their price target on Ziff Davis from $77.00 to $76.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 5th. Barclays cut their price target on Ziff Davis from $68.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Friday, May 10th. Citigroup lowered their target price on shares of Ziff Davis from $74.00 to $62.00 and set a “neutral” rating on the stock in a research note on Friday, May 10th. Finally, Wedbush lowered their target price on shares of Ziff Davis from $78.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, May 10th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.13.

Ziff Davis 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.