Nordea Investment Management AB Sells 40,679 Shares of Ziff Davis, Inc. $ZD

Nordea Investment Management AB trimmed its position in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 3.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 995,157 shares of the technology company’s stock after selling 40,679 shares during the period. Nordea Investment Management AB’s holdings in Ziff Davis were worth $37,886,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Allworth Financial LP boosted its stake in Ziff Davis by 149.8% during the 2nd quarter. Allworth Financial LP now owns 1,029 shares of the technology company’s stock valued at $31,000 after purchasing an additional 617 shares during the period. First Horizon Corp acquired a new position in shares of Ziff Davis during the third quarter worth approximately $35,000. TD Private Client Wealth LLC acquired a new position in shares of Ziff Davis during the second quarter worth approximately $37,000. Blue Trust Inc. boosted its position in shares of Ziff Davis by 30.2% in the third quarter. Blue Trust Inc. now owns 1,273 shares of the technology company’s stock valued at $49,000 after acquiring an additional 295 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of Ziff Davis by 60.1% in the second quarter. Caitong International Asset Management Co. Ltd now owns 2,412 shares of the technology company’s stock worth $73,000 after acquiring an additional 905 shares during the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

Ziff Davis Stock Performance

NASDAQ ZD opened at $36.29 on Thursday. Ziff Davis, Inc. has a twelve month low of $28.55 and a twelve month high of $56.48. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.48. The stock has a market cap of $1.43 billion, a P/E ratio of 14.40 and a beta of 1.44. The company’s 50-day simple moving average is $34.06 and its 200 day simple moving average is $34.92.

Ziff Davis (NASDAQ:ZD) last released its quarterly earnings data on Thursday, November 6th. The technology company reported $1.76 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.76. Ziff Davis had a return on equity of 13.73% and a net margin of 7.62%.The company had revenue of $363.71 million for the quarter, compared to the consensus estimate of $366.44 million. During the same period in the previous year, the business earned $1.64 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. Ziff Davis has set its FY 2025 guidance at 6.640-7.28 EPS. As a group, research analysts forecast that Ziff Davis, Inc. will post 5.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on ZD. Citigroup cut their target price on shares of Ziff Davis from $42.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Barclays cut their price objective on shares of Ziff Davis from $40.00 to $34.00 and set an “equal weight” rating for the company in a research report on Monday, November 10th. Zacks Research raised Ziff Davis from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Weiss Ratings restated a “sell (d)” rating on shares of Ziff Davis in a research note on Wednesday, October 8th. Finally, UBS Group reduced their price objective on Ziff Davis from $40.00 to $38.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Ziff Davis has a consensus rating of “Hold” and a consensus price target of $37.50.

Ziff Davis Company Profile

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.