ProShare Advisors LLC Has $505,000 Stake in Ziff Davis, Inc. (NASDAQ:ZD)

ProShare Advisors LLC lowered its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 16.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,178 shares of the technology company’s stock after selling 1,774 shares during the quarter. ProShare Advisors LLC’s holdings in Ziff Davis were worth $505,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Janus Henderson Group PLC lifted its position in Ziff Davis by 0.3% in the 1st quarter. Janus Henderson Group PLC now owns 3,239,654 shares of the technology company’s stock valued at $204,227,000 after acquiring an additional 10,303 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Ziff Davis by 14.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,057,314 shares of the technology company’s stock valued at $113,255,000 after purchasing an additional 257,056 shares in the last quarter. Rice Hall James & Associates LLC boosted its position in shares of Ziff Davis by 9.4% during the second quarter. Rice Hall James & Associates LLC now owns 451,803 shares of the technology company’s stock worth $24,872,000 after buying an additional 38,753 shares during the period. Retirement Systems of Alabama boosted its position in shares of Ziff Davis by 21.4% during the second quarter. Retirement Systems of Alabama now owns 360,030 shares of the technology company’s stock worth $19,820,000 after buying an additional 63,458 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Ziff Davis by 8.2% during the second quarter. Assenagon Asset Management S.A. now owns 113,196 shares of the technology company’s stock worth $6,231,000 after buying an additional 8,625 shares in the last quarter. Institutional investors own 99.76% of the company’s stock.

Ziff Davis Price Performance

NASDAQ:ZD opened at $48.66 on Tuesday. The stock has a market capitalization of $2.24 billion, a PE ratio of 40.21 and a beta of 1.29. Ziff Davis, Inc. has a 1-year low of $37.76 and a 1-year high of $70.90. The firm has a fifty day simple moving average of $46.74 and a 200 day simple moving average of $52.23. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.54.

Ziff Davis (NASDAQ:ZD) last released its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.08). The firm had revenue of $320.80 million for the quarter, compared to analyst estimates of $332.44 million. Ziff Davis had a return on equity of 13.81% and a net margin of 5.86%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.12 earnings per share. On average, research analysts expect that Ziff Davis, Inc. will post 6.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Citigroup cut their target price on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Royal Bank of Canada restated an “outperform” rating and set a $95.00 target price on shares of Ziff Davis in a report on Friday, September 6th. Finally, Barclays lowered their price target on shares of Ziff Davis from $58.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $71.50.

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.