Fifth Third Bancorp Has $1.09 Million Holdings in Ziff Davis, Inc. $ZD

Fifth Third Bancorp grew its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 5,136.4% during the 1st quarter, Holdings Channel reports. The firm owned 26,025 shares of the technology company’s stock after purchasing an additional 25,528 shares during the period. Fifth Third Bancorp’s holdings in Ziff Davis were worth $1,092,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. LSV Asset Management boosted its stake in Ziff Davis by 17.5% in the fourth quarter. LSV Asset Management now owns 907,721 shares of the technology company’s stock valued at $31,906,000 after acquiring an additional 135,021 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in Ziff Davis by 10.6% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 860,582 shares of the technology company’s stock worth $30,249,000 after acquiring an additional 82,761 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Ziff Davis by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 835,113 shares of the technology company’s stock valued at $29,354,000 after acquiring an additional 44,923 shares during the last quarter. Nuveen LLC raised its position in shares of Ziff Davis by 10.2% during the 4th quarter. Nuveen LLC now owns 808,325 shares of the technology company’s stock valued at $28,413,000 after acquiring an additional 75,047 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Ziff Davis by 260.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 597,573 shares of the technology company’s stock valued at $21,005,000 after purchasing an additional 431,828 shares during the period. Institutional investors and hedge funds own 99.76% of the company’s stock.

Analyst Ratings Changes

ZD has been the topic of several recent research reports. Barclays raised their price target on Ziff Davis from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Evercore reissued an “outperform” rating and issued a $61.00 target price on shares of Ziff Davis in a research note on Tuesday, May 12th. Royal Bank Of Canada raised their target price on Ziff Davis from $40.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Piper Sandler set a $48.00 target price on Ziff Davis in a research report on Monday, May 11th. Finally, Zacks Research cut Ziff Davis from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $47.25.

Ziff Davis Stock Down 0.4%

Shares of Ziff Davis stock opened at $51.60 on Friday. The company has a market capitalization of $1.90 billion, a P/E ratio of 45.66 and a beta of 1.08. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.66 and a quick ratio of 1.66. The business has a 50-day moving average of $48.29 and a two-hundred day moving average of $42.45. Ziff Davis, Inc. has a 1 year low of $22.45 and a 1 year high of $54.97.

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

Insiders Place Their Bets

In other news, EVP Jeremy Rossen sold 8,000 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $47.00, for a total transaction of $376,000.00. Following the completion of the sale, the executive vice president owned 14,462 shares of the company’s stock, valued at $679,714. This represents a 35.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kirk P. Mcdonald sold 1,075 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $46.65, for a total transaction of $50,148.75. Following the sale, the director directly owned 13,468 shares of the company’s stock, valued at $628,282.20. This represents a 7.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 31,422 shares of company stock worth $1,468,864. Company insiders own 3.40% of the company’s stock.

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.