GHP Investment Advisors Inc. Lowers Stock Position in Ziff Davis, Inc. (NASDAQ:ZD)

GHP Investment Advisors Inc. trimmed its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 72.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,926 shares of the technology company’s stock after selling 12,672 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Ziff Davis were worth $268,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ZD. Wilmington Savings Fund Society FSB bought a new stake in shares of Ziff Davis in the 3rd quarter valued at about $37,000. TD Private Client Wealth LLC lifted its position in Ziff Davis by 19.2% during the third quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company’s stock valued at $75,000 after acquiring an additional 249 shares during the last quarter. Central Pacific Bank Trust Division boosted its stake in Ziff Davis by 17.9% in the fourth quarter. Central Pacific Bank Trust Division now owns 3,220 shares of the technology company’s stock valued at $175,000 after acquiring an additional 490 shares in the last quarter. FORA Capital LLC purchased a new position in Ziff Davis in the third quarter worth $210,000. Finally, CIBC Asset Management Inc acquired a new position in shares of Ziff Davis during the third quarter worth $217,000. Institutional investors own 99.76% of the company’s stock.

Ziff Davis Stock Performance

Shares of ZD stock opened at $52.37 on Friday. The business has a fifty day moving average of $55.24 and a 200 day moving average of $50.77. Ziff Davis, Inc. has a 1 year low of $37.76 and a 1 year high of $70.02. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 44.38 and a beta of 1.36.

Ziff Davis (NASDAQ:ZD) last announced its quarterly earnings data on Thursday, November 7th. The technology company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.10. The firm had revenue of $353.58 million during the quarter, compared to analysts’ expectations of $347.66 million. Ziff Davis had a return on equity of 13.98% and a net margin of 4.52%. During the same period last year, the business posted $1.35 earnings per share. As a group, research analysts expect that Ziff Davis, Inc. will post 5.93 earnings per share for the current year.

Analyst Ratings Changes

ZD has been the subject of a number of recent analyst reports. Barclays raised their price objective on Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. UBS Group lowered their price target on Ziff Davis from $76.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, December 3rd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.71.

About Ziff Davis

Ziff Davis, Inc, together with its subsidiaries, operates as a digital media and internet company in the United States and internationally. The company offers PCMag, an online resource for laboratory-based product reviews, technology news, buying guides, and research papers; Mashable for publishing technology and culture content; Spiceworks Ziff Davis provides digital content of IT products and services; retailMeNot, a savings destination platform; Offers.com, a coupon and deals website; and event-based properties, including BlackFriday.com, TheBlackFriday.com, BestBlackFriday.com, and DealsofAmerica.com.