SG Americas Securities LLC Has $423,000 Stake in Ziff Davis, Inc. $ZD

SG Americas Securities LLC lowered its position in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 55.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,085 shares of the technology company’s stock after selling 12,502 shares during the quarter. SG Americas Securities LLC’s holdings in Ziff Davis were worth $423,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ZD. Goldman Sachs Group Inc. increased its holdings in Ziff Davis by 260.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 597,573 shares of the technology company’s stock worth $21,005,000 after purchasing an additional 431,828 shares in the last quarter. Invenomic Capital Management LP lifted its stake in Ziff Davis by 86.0% in the third quarter. Invenomic Capital Management LP now owns 408,449 shares of the technology company’s stock valued at $15,562,000 after buying an additional 188,844 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Ziff Davis by 88.5% during the 4th quarter. AQR Capital Management LLC now owns 399,259 shares of the technology company’s stock worth $14,034,000 after buying an additional 187,431 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Ziff Davis by 46.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 552,385 shares of the technology company’s stock worth $21,046,000 after buying an additional 174,287 shares in the last quarter. Finally, LSV Asset Management grew its position in shares of Ziff Davis by 17.5% during the 4th quarter. LSV Asset Management now owns 907,721 shares of the technology company’s stock worth $31,906,000 after buying an additional 135,021 shares during the period. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Ziff Davis

In related news, Director Kirk P. Mcdonald sold 1,075 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $46.65, for a total value of $50,148.75. Following the sale, the director owned 13,468 shares in the company, valued at $628,282.20. This represents a 7.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Bret Richter sold 18,000 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $46.88, for a total transaction of $843,840.00. Following the completion of the transaction, the chief financial officer directly owned 29,244 shares in the company, valued at approximately $1,370,958.72. The trade was a 38.10% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 31,422 shares of company stock valued at $1,468,864. Corporate insiders own 3.40% of the company’s stock.

Ziff Davis Price Performance

Shares of NASDAQ:ZD opened at $51.98 on Thursday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.42. Ziff Davis, Inc. has a twelve month low of $22.45 and a twelve month high of $54.75. The stock’s 50 day moving average is $46.03 and its 200-day moving average is $41.03. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 46.00 and a beta of 1.08.

Ziff Davis (NASDAQ:ZD) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. The business had revenue of $267.64 million during the quarter, compared to the consensus estimate of $264.32 million. Ziff Davis had a net margin of 3.26% and a return on equity of 12.17%. Ziff Davis’s revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.14 EPS.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Barclays lifted their price objective on shares of Ziff Davis from $45.00 to $48.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Weiss Ratings upgraded shares of Ziff Davis from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, June 1st. Royal Bank Of Canada lifted their price target on shares of Ziff Davis from $40.00 to $48.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Susquehanna upped their price objective on shares of Ziff Davis from $45.00 to $60.00 and gave the company a “positive” rating in a report on Tuesday, May 5th. Finally, Piper Sandler set a $48.00 price objective on shares of Ziff Davis in a research report on Monday, May 11th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $47.25.

About Ziff Davis

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.