Ziff Davis, Inc. $ZD Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 24.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,627 shares of the technology company’s stock after selling 12,517 shares during the quarter. New York State Teachers Retirement System owned about 0.10% of Ziff Davis worth $1,621,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Ziff Davis by 2.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 160,656 shares of the technology company’s stock worth $6,037,000 after purchasing an additional 3,696 shares during the period. Invesco Ltd. lifted its stake in shares of Ziff Davis by 1.3% in the second quarter. Invesco Ltd. now owns 188,595 shares of the technology company’s stock valued at $5,709,000 after purchasing an additional 2,347 shares during the period. First Trust Advisors LP boosted its holdings in Ziff Davis by 46.2% during the second quarter. First Trust Advisors LP now owns 100,549 shares of the technology company’s stock worth $3,044,000 after buying an additional 31,765 shares in the last quarter. Jump Financial LLC purchased a new stake in Ziff Davis during the second quarter worth about $927,000. Finally, Cerity Partners LLC acquired a new position in Ziff Davis during the second quarter worth about $380,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Insider Buying and Selling

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

Ziff Davis Trading Down 1.3%

ZD stock traded down $0.68 during midday trading on Friday, hitting $52.18. The stock had a trading volume of 391,277 shares, compared to its average volume of 707,365. The company’s 50-day moving average price is $46.25 and its 200 day moving average price is $41.23. 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 firm has a market cap of $1.92 billion, a PE ratio of 46.18 and a beta of 1.08. Ziff Davis, Inc. has a 12-month low of $22.45 and a 12-month high of $54.75.

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ZD shares. Piper Sandler set a $48.00 price target on shares of Ziff Davis in a research report on Monday, May 11th. Royal Bank Of Canada upped their price target on Ziff Davis from $40.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Evercore reiterated an “outperform” rating and set a $61.00 target price on shares of Ziff Davis in a research report on Tuesday, May 12th. Susquehanna upped their target price on Ziff Davis from $45.00 to $60.00 and gave the company a “positive” rating in a report on Tuesday, May 5th. Finally, Barclays raised their price target on Ziff Davis from $45.00 to $48.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $47.25.

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.