Allianz Asset Management GmbH Purchases 46,282 Shares of Ziff Davis, Inc. $ZD

Allianz Asset Management GmbH lifted its position in Ziff Davis, Inc. (NASDAQ:ZD) by 23.9% during the third quarter, Holdings Channel reports. The institutional investor owned 239,594 shares of the technology company’s stock after buying an additional 46,282 shares during the quarter. Allianz Asset Management GmbH’s holdings in Ziff Davis were worth $9,129,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Allworth Financial LP boosted its stake in Ziff Davis by 149.8% in the second quarter. Allworth Financial LP now owns 1,029 shares of the technology company’s stock valued at $31,000 after acquiring an additional 617 shares in the last quarter. First Horizon Corp purchased a new stake in shares of Ziff Davis during the 3rd quarter valued at $35,000. Blue Trust Inc. boosted its position in shares of Ziff Davis by 30.2% in the 3rd quarter. Blue Trust Inc. now owns 1,273 shares of the technology company’s stock worth $49,000 after purchasing an additional 295 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Ziff Davis by 60.1% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 2,412 shares of the technology company’s stock worth $73,000 after buying an additional 905 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in Ziff Davis by 568.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,568 shares of the technology company’s stock valued at $138,000 after buying an additional 3,885 shares in the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Barclays lowered their price target on Ziff Davis from $40.00 to $34.00 and set an “equal weight” rating for the company in a report on Monday, November 10th. Citigroup lowered their target price on shares of Ziff Davis from $42.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Zacks Research raised shares of Ziff Davis from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. UBS Group decreased their price target on shares of Ziff Davis from $40.00 to $38.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Ziff Davis in a report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $37.50.

Ziff Davis Trading Up 3.7%

NASDAQ ZD opened at $33.51 on Monday. Ziff Davis, Inc. has a 1 year low of $28.55 and a 1 year high of $54.89. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.61 and a quick ratio of 1.61. The company has a market capitalization of $1.32 billion, a PE ratio of 13.30 and a beta of 1.46. The company has a fifty day moving average of $36.04 and a 200 day moving average of $35.60.

Ziff Davis (NASDAQ:ZD) last released its quarterly earnings data on Thursday, November 6th. The technology company reported $1.76 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.76. The business had revenue of $363.71 million during the quarter, compared to analyst estimates of $366.44 million. Ziff Davis had a return on equity of 13.73% and a net margin of 7.62%.The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business posted $1.64 EPS. Research analysts forecast that Ziff Davis, Inc. will post 5.93 earnings per share for the current year.

Ziff Davis Company Profile

Ziff Davis, Inc is a digital media and internet company that operates a diverse portfolio of online brands, subscription-based services and performance marketing platforms. The company specializes in technology publishing and digital marketing solutions, offering content, reviews and insights tailored to consumer and enterprise audiences. Ziff Davis’s flagship media properties include PCMag, which provides expert reviews and comparisons of consumer electronics and software, as well as IGN, a leading destination for gaming news, reviews and entertainment coverage.

Founded in 1927 by William B.