Exchange Traded Concepts LLC Acquires Shares of 56,646 Ziff Davis, Inc. (NASDAQ:ZD)

Exchange Traded Concepts LLC bought a new position in Ziff Davis, Inc. (NASDAQ:ZD) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 56,646 shares of the technology company’s stock, valued at approximately $3,078,000. Exchange Traded Concepts LLC owned about 0.13% of Ziff Davis at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in shares of Ziff Davis in the third quarter worth about $37,000. TD Private Client Wealth LLC lifted its holdings in Ziff Davis by 19.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company’s stock valued at $75,000 after buying an additional 249 shares in the last quarter. Central Pacific Bank Trust Division boosted its position in Ziff Davis by 21.3% in the 3rd quarter. Central Pacific Bank Trust Division now owns 2,730 shares of the technology company’s stock valued at $133,000 after buying an additional 480 shares during the period. FORA Capital LLC bought a new position in Ziff Davis in the 3rd quarter worth about $210,000. Finally, CIBC Asset Management Inc purchased a new position in shares of Ziff Davis during the third quarter worth approximately $217,000. 99.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ZD has been the subject of several research reports. UBS Group lowered their target price on Ziff Davis from $76.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, December 3rd. Barclays lifted their price target on shares of Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.71.

Ziff Davis Price Performance

Shares of NASDAQ ZD opened at $53.05 on Friday. Ziff Davis, Inc. has a 52 week low of $37.76 and a 52 week high of $70.90. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. The firm has a market cap of $2.27 billion, a P/E ratio of 44.96 and a beta of 1.36. The business’s 50 day moving average price is $56.00 and its 200 day moving average price is $50.47.

Ziff Davis (NASDAQ:ZD) last released its quarterly earnings data on Thursday, November 7th. The technology company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.10. Ziff Davis had a net margin of 4.52% and a return on equity of 13.98%. The firm had revenue of $353.58 million for the quarter, compared to analyst estimates of $347.66 million. During the same quarter in the prior year, the business earned $1.35 earnings per share. On average, sell-side analysts expect that Ziff Davis, Inc. will post 5.93 earnings per share 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.