Goldman Sachs Group Inc. Sells 28,393 Shares of Ziff Davis, Inc. $ZD

Goldman Sachs Group Inc. trimmed its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 11.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 211,741 shares of the technology company’s stock after selling 28,393 shares during the period. Goldman Sachs Group Inc.’s holdings in Ziff Davis were worth $7,957,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in shares of Ziff Davis by 148.4% during the 1st quarter. GAMMA Investing LLC now owns 713 shares of the technology company’s stock worth $27,000 after purchasing an additional 426 shares during the period. State of Wyoming bought a new stake in shares of Ziff Davis during the 1st quarter worth $39,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Ziff Davis during the 1st quarter worth $57,000. Western Wealth Management LLC bought a new stake in shares of Ziff Davis during the 4th quarter worth $217,000. Finally, Sherbrooke Park Advisers LLC raised its stake in shares of Ziff Davis by 10.9% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 5,369 shares of the technology company’s stock worth $292,000 after purchasing an additional 527 shares during the period. 99.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Piper Sandler set a $40.00 price objective on Ziff Davis in a report on Friday, August 8th. Barclays reissued a “positive” rating on shares of Ziff Davis in a report on Friday, August 8th. Finally, Wall Street Zen raised Ziff Davis from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $38.83.

Ziff Davis Stock Down 2.8%

ZD stock opened at $36.63 on Friday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $1.50 billion, a PE ratio of 24.42 and a beta of 1.58. Ziff Davis, Inc. has a twelve month low of $28.55 and a twelve month high of $60.62. The stock has a 50-day simple moving average of $34.62 and a two-hundred day simple moving average of $34.31.

Ziff Davis (NASDAQ:ZD) last posted its earnings results on Wednesday, August 6th. The technology company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.02. The business had revenue of $352.21 million during the quarter, compared to analyst estimates of $337.47 million. Ziff Davis had a return on equity of 13.91% and a net margin of 4.57%.The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.18 EPS. On average, equities analysts predict that Ziff Davis, Inc. will post 5.93 EPS for the current fiscal year.

Ziff Davis 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.