Comerica Bank Trims Stock Holdings in Ziff Davis, Inc. $ZD

Comerica Bank decreased its stake in Ziff Davis, Inc. (NASDAQ:ZD) by 1.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,601 shares of the technology company’s stock after selling 428 shares during the quarter. Comerica Bank owned approximately 0.05% of Ziff Davis worth $887,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Ziff Davis by 0.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,112 shares of the technology company’s stock worth $1,365,000 after buying an additional 216 shares in the last quarter. Gotham Asset Management LLC boosted its stake in shares of Ziff Davis by 3.6% in the fourth quarter. Gotham Asset Management LLC now owns 7,802 shares of the technology company’s stock worth $424,000 after acquiring an additional 271 shares during the period. GAMMA Investing LLC grew its position in shares of Ziff Davis by 148.4% during the first quarter. GAMMA Investing LLC now owns 713 shares of the technology company’s stock worth $27,000 after purchasing an additional 426 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of Ziff Davis by 6.7% during the first quarter. Hsbc Holdings PLC now owns 7,447 shares of the technology company’s stock worth $279,000 after purchasing an additional 468 shares in the last quarter. Finally, Sherbrooke Park Advisers LLC grew its position in shares of Ziff Davis by 10.9% during the fourth 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 in the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ZD. Susquehanna cut their target price on Ziff Davis from $80.00 to $45.00 and set a “positive” rating for the company in a research report on Monday, May 12th. UBS Group set a $40.00 target price on Ziff Davis and gave the stock a “neutral” rating in a research report on Wednesday, May 14th. Piper Sandler set a $40.00 target price on Ziff Davis in a research report on Friday, August 8th. Wall Street Zen raised Ziff Davis from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Finally, Barclays reissued a “positive” rating on shares of Ziff Davis in a research note on Friday, August 8th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Ziff Davis currently has an average rating of “Hold” and an average target price of $38.83.

Ziff Davis Price Performance

NASDAQ:ZD opened at $38.09 on Friday. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 25.39 and a beta of 1.58. Ziff Davis, Inc. has a 1 year low of $28.55 and a 1 year high of $60.62. The business has a 50 day simple moving average of $34.05 and a 200-day simple moving average of $34.77. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.59 and a quick ratio of 1.59.

Ziff Davis (NASDAQ:ZD) last posted its quarterly earnings data on Wednesday, August 6th. The technology company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate 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 revenue for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the company earned $1.18 EPS. Equities analysts forecast that Ziff Davis, Inc. will post 5.93 EPS for the current 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.