Harbor Investment Advisory LLC makes a new investment in Ziff Davis, Inc. (NASDAQ:ZD)


Harbor Investment Advisory LLC purchased a new position in shares of Ziff Davis, Inc. (NASDAQ:ZD – Get Rating ) during the first quarter, Holdings Channel.com reports. The fund purchased 726 shares of the technology company’s stock, valued at approximately $70,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Ritholtz Wealth Management acquired a new position in shares of Ziff Davis during the first quarter valued at $258,000. Affinity Capital Advisors LLC acquired a new position in shares of Ziff Davis during the first quarter valued at $406,000. Xponance Inc. acquired a new position in shares of Ziff Davis during the first quarter valued at $666,000. Scout Investments Inc. acquired a new position in shares of Ziff Davis in the first quarter valued at $10,529,000. Finally, Mountain Pacific Investment Advisers Inc. ID acquired a new position in shares of Ziff Davis in the first quarter valued at $17,437,000. 99.88% of the shares are currently owned by hedge funds and other institutional investors.

Several equities analysts have commented on ZD shares. Susquehanna Bancshares decreased their price objective on shares of Ziff Davis from $225.00 to $140.00 in a report on Thursday, May 12th. JMP Securities reduced their price objective on shares of Ziff Davis from $145.00 to $110.00 and set a “market outperform” rating on the stock in a research note on Monday, May 23rd. Robert W. Baird cut their target price on shares of Ziff Davis from $125.00 to $100.00 in a research note on Thursday, May 12th. Susquehanna cut their target price on shares of Ziff Davis from $225.00 to $140.00 in a research note on Thursday, May 12th. Finally, Wedbush cut their target price on shares of Ziff Davis from $150.00 to $90.00 in a research note on Thursday, May 12th.

Shares of Ziff Davis stock opened at $75.35 on Monday. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 8.27 and a beta of 1.01. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 0.60. Ziff Davis, Inc. has a 12-month low of $68.42 and a 12-month high of $147.35. The firm’s 50-day moving average is $78.29, and its 200-day moving average is $93.08.

Ziff Davis (NASDAQ:ZD – Get Rating ) last announced its quarterly earnings data on Tuesday, May 10th. The technology company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.02. The firm had revenue of $315.10 million for the quarter, compared to the consensus estimate of $319.49 million. Ziff Davis had a net margin of 27.66% and a return on equity of 22.44%. Business revenue for the quarter was down 20.9% year over year. In the same period last year, the company reported $2.09 earnings per share. On average, sell-side analysts expect Ziff Davis, Inc. to post 6.31 earnings per share for the current year.

About Ziff Davis (Get Rating)

Ziff Davis, Inc, together with its subsidiaries, provides Internet information and services in the United States, Canada, Ireland and internationally. It operates in two segments, Digital Media and Cybersecurity and Martech. The Digital Media segment operates a portfolio of web properties and applications that include IGN, RetailMeNot, Mashable, PCMag, Humble Bundle, Speedtest, Offers, Black Friday, MedPageToday, Everyday Health, BabyCenter and What to Expect, among others in technology, marketplaces for shopping, entertainment and health and wellness.

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Institutional Ownership by Quarter for Ziff Davis (NASDAQ:ZD)



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