Robeco Institutional Asset Management B.V. Sells 64,604 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Robeco Institutional Asset Management B.V. lessened its stake in Ziff Davis, Inc. (NASDAQ:ZD) by 73.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,002 shares of the technology company’s stock after selling 64,604 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.05% of Ziff Davis worth $1,250,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its stake in shares of Ziff Davis by 69.8% during the 3rd quarter. Victory Capital Management Inc. now owns 53,905 shares of the technology company’s stock worth $2,623,000 after acquiring an additional 22,155 shares during the last quarter. Franklin Resources Inc. purchased a new position in shares of Ziff Davis during the 3rd quarter valued at $986,000. Virtu Financial LLC purchased a new position in shares of Ziff Davis during the 3rd quarter valued at $503,000. Empowered Funds LLC purchased a new position in shares of Ziff Davis during the 3rd quarter valued at $7,210,000. Finally, Rice Hall James & Associates LLC increased its holdings in Ziff Davis by 11.0% in the 3rd quarter. Rice Hall James & Associates LLC now owns 501,313 shares of the technology company’s stock valued at $24,394,000 after acquiring an additional 49,510 shares during the last quarter. Institutional investors own 99.76% of the company’s stock.

Ziff Davis Stock Performance

ZD opened at $52.52 on Tuesday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 44.51 and a beta of 1.36. Ziff Davis, Inc. has a 52-week low of $37.76 and a 52-week high of $70.02. The firm’s fifty day simple moving average is $55.66 and its two-hundred day simple moving average is $50.70.

Ziff Davis (NASDAQ:ZD) last posted its quarterly earnings results on Thursday, November 7th. The technology company reported $1.44 earnings per share 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 firm had revenue of $353.58 million for the quarter, compared to the consensus estimate of $347.66 million. During the same period last year, the firm posted $1.35 earnings per share. Equities analysts anticipate that Ziff Davis, Inc. will post 5.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ZD shares. Barclays boosted their target price on shares of Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. UBS Group reduced their target price on shares of Ziff Davis from $76.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, December 3rd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.71.

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.