Mitsubishi UFJ Trust & Banking Corp Cuts Stock Holdings in Ziff Davis, Inc. $ZD

Mitsubishi UFJ Trust & Banking Corp lowered its position in Ziff Davis, Inc. (NASDAQ:ZD) by 18.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,026 shares of the technology company’s stock after selling 20,319 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Ziff Davis were worth $3,468,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Allworth Financial LP grew its position in Ziff Davis by 149.8% in the 2nd quarter. Allworth Financial LP now owns 1,029 shares of the technology company’s stock worth $31,000 after purchasing an additional 617 shares in the last quarter. First Horizon Corp purchased a new position in shares of Ziff Davis in the 3rd quarter worth approximately $35,000. Blue Trust Inc. grew its holdings in shares of Ziff Davis by 30.2% in the third quarter. Blue Trust Inc. now owns 1,273 shares of the technology company’s stock valued at $49,000 after acquiring an additional 295 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of Ziff Davis by 60.1% during the second quarter. Caitong International Asset Management Co. Ltd now owns 2,412 shares of the technology company’s stock valued at $73,000 after acquiring an additional 905 shares during the last quarter. Finally, Hennessy Advisors Inc. bought a new stake in Ziff Davis during the second quarter worth $87,000. 99.76% of the stock is owned by institutional investors.

Ziff Davis Stock Performance

NASDAQ:ZD opened at $39.60 on Friday. The business’s fifty day moving average is $35.75 and its 200 day moving average is $35.39. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 15.71 and a beta of 1.44. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.61 and a current ratio of 1.61. Ziff Davis, Inc. has a 52-week low of $28.55 and a 52-week high of $54.96.

Ziff Davis (NASDAQ:ZD) last posted its earnings results on Thursday, November 6th. The technology company reported $1.76 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.76. Ziff Davis had a return on equity of 13.73% and a net margin of 7.62%.The business had revenue of $363.71 million during the quarter, compared to analyst estimates of $366.44 million. During the same quarter in the previous year, the firm earned $1.64 EPS. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. Ziff Davis has set its FY 2025 guidance at 6.640-7.28 EPS. Research analysts predict that Ziff Davis, Inc. will post 5.93 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Weiss Ratings restated a “sell (d)” rating on shares of Ziff Davis in a research note on Wednesday, January 21st. Barclays reduced their price target on shares of Ziff Davis from $40.00 to $34.00 and set an “equal weight” rating for the company in a research report 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. Citigroup dropped their price target on Ziff Davis from $42.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Finally, Wall Street Zen lowered Ziff Davis from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $37.50.

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.