Ziff Davis, Inc. $ZD Holdings Increased by Incline Global Management LLC

Incline Global Management LLC lifted its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 8.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 401,933 shares of the technology company’s stock after buying an additional 30,212 shares during the quarter. Ziff Davis makes up about 4.8% of Incline Global Management LLC’s holdings, making the stock its 7th biggest holding. Incline Global Management LLC’s holdings in Ziff Davis were worth $14,128,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ZD. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Ziff Davis by 2.4% in 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 buying an additional 3,696 shares during the period. Invesco Ltd. grew its position in Ziff Davis by 1.3% during the 2nd 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 last quarter. First Trust Advisors LP grew its position in Ziff Davis by 46.2% during the 2nd quarter. First Trust Advisors LP now owns 100,549 shares of the technology company’s stock valued at $3,044,000 after purchasing an additional 31,765 shares during the last quarter. Jump Financial LLC purchased a new stake in Ziff Davis during the 2nd quarter valued at about $927,000. Finally, Cerity Partners LLC purchased a new stake in Ziff Davis during the 2nd quarter valued at about $380,000. 99.76% of the stock is owned by hedge funds and other institutional investors.

Ziff Davis Price Performance

NASDAQ ZD opened at $44.32 on Thursday. Ziff Davis, Inc. has a 12 month low of $22.45 and a 12 month high of $50.55. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 39.22 and a beta of 1.12. The company’s 50 day moving average is $44.79 and its two-hundred day moving average is $39.46. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.42.

Ziff Davis (NASDAQ:ZD) last released its earnings results on Thursday, May 7th. The technology company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Ziff Davis had a net margin of 3.26% and a return on equity of 12.17%. The company had revenue of $267.64 million for the quarter, compared to analysts’ expectations of $264.32 million. During the same quarter last year, the business earned $1.14 EPS. The firm’s revenue was down 1.9% compared to the same quarter last year. As a group, research analysts anticipate that Ziff Davis, Inc. will post 4.08 earnings per share for the current year.

Insiders Place Their Bets

In other Ziff Davis news, CFO Bret Richter sold 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $46.88, for a total transaction of $843,840.00. Following the sale, the chief financial officer owned 29,244 shares in the company, valued at approximately $1,370,958.72. This trade represents a 38.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jeremy Rossen sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $47.00, for a total transaction of $376,000.00. Following the sale, the executive vice president owned 14,462 shares in the company, valued at approximately $679,714. The trade was a 35.62% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 31,422 shares of company stock worth $1,468,864. Company insiders own 3.40% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Citigroup increased their price objective on shares of Ziff Davis from $29.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, March 6th. Weiss Ratings upgraded shares of Ziff Davis from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 1st. Susquehanna upped their target price on shares of Ziff Davis from $45.00 to $60.00 and gave the company a “positive” rating in a research note on Tuesday, May 5th. Royal Bank Of Canada upped their target price 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. Finally, JPMorgan Chase & Co. lowered their target price on shares of Ziff Davis from $40.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.