Mount Yale Investment Advisors LLC Makes New $318,000 Investment in Ziff Davis, Inc. (NASDAQ:ZD)

Mount Yale Investment Advisors LLC bought a new stake in Ziff Davis, Inc. (NASDAQ:ZD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,858 shares of the technology company’s stock, valued at approximately $318,000.

Several other large investors have also modified their holdings of the stock. Janus Henderson Group PLC raised its stake in shares of Ziff Davis by 2.0% during the 3rd quarter. Janus Henderson Group PLC now owns 3,214,600 shares of the technology company’s stock worth $156,422,000 after buying an additional 62,261 shares in the last quarter. Geode Capital Management LLC raised its position in Ziff Davis by 3.0% in the third quarter. Geode Capital Management LLC now owns 1,274,762 shares of the technology company’s stock worth $62,040,000 after acquiring an additional 36,863 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in Ziff Davis by 100,954.3% in the fourth quarter. Pacer Advisors Inc. now owns 1,267,221 shares of the technology company’s stock valued at $68,861,000 after acquiring an additional 1,265,967 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Ziff Davis by 9.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 695,542 shares of the technology company’s stock worth $33,845,000 after purchasing an additional 60,472 shares in the last quarter. Finally, Rice Hall James & Associates LLC grew its stake in shares of Ziff Davis by 11.0% during the 3rd quarter. Rice Hall James & Associates LLC now owns 501,313 shares of the technology company’s stock worth $24,394,000 after purchasing an additional 49,510 shares during the period. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ZD shares. UBS Group reduced their price objective on shares of Ziff Davis from $76.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, December 3rd. Barclays lifted their price target on shares of Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $69.71.

Ziff Davis Stock Performance

NASDAQ ZD opened at $53.95 on Thursday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. Ziff Davis, Inc. has a fifty-two week low of $37.76 and a fifty-two week high of $70.83. The business has a fifty day moving average of $55.92 and a 200-day moving average of $50.61. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 45.72 and a beta of 1.36.

Ziff Davis (NASDAQ:ZD) last released its quarterly earnings results 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. Ziff Davis had a net margin of 4.52% and a return on equity of 13.98%. The company had revenue of $353.58 million for the quarter, compared to analysts’ expectations of $347.66 million. During the same period last year, the company earned $1.35 EPS. As a group, analysts predict that Ziff Davis, Inc. will post 5.93 earnings per share for the current fiscal year.

Ziff Davis Company Profile

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.