Ziff Davis, Inc. (NASDAQ:ZD) Shares Sold by Etesian Wealth Advisors Inc.

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

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. lifted its position in Ziff Davis by 60.4% during 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 buying an additional 17,379 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Ziff Davis during the fourth quarter valued at approximately $1,257,000. Dimensional Fund Advisors LP raised its stake in shares of Ziff Davis by 8.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,693,227 shares of the technology company’s stock valued at $113,771,000 after purchasing an additional 136,220 shares during the period. Signaturefd LLC raised its stake in shares of Ziff Davis by 86.2% during the fourth quarter. Signaturefd LLC now owns 996 shares of the technology company’s stock valued at $67,000 after purchasing an additional 461 shares during the period. Finally, Retirement Systems of Alabama raised its stake in shares of Ziff Davis by 212.4% during the fourth quarter. Retirement Systems of Alabama now owns 181,314 shares of the technology company’s stock valued at $12,182,000 after purchasing an additional 123,275 shares during the period. 99.76% of the stock is owned by institutional investors and hedge funds.

Ziff Davis Stock Performance

Shares of NASDAQ ZD traded down $1.19 during trading hours on Wednesday, reaching $53.81. The stock had a trading volume of 107,188 shares, compared to its average volume of 323,806. The business’s fifty day moving average is $54.56 and its two-hundred day 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. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 44.77 and a beta of 1.29. Ziff Davis, Inc. has a twelve month low of $49.50 and a twelve month high of $75.58.

Ziff Davis (NASDAQ:ZD) last announced its earnings results on Wednesday, May 8th. The technology company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.05 by $0.05. The company had revenue of $314.49 million for the quarter, compared to analysts’ expectations of $317.71 million. Ziff Davis had a return on equity of 14.26% and a net margin of 4.36%. As a group, research analysts expect that Ziff Davis, Inc. will post 6.09 EPS for the current year.

Analyst Upgrades and Downgrades

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