Mitsubishi UFJ Trust & Banking Corp Has $3.47 Million Stake in Ziff Davis, Inc. $ZD

Mitsubishi UFJ Trust & Banking Corp reduced its position in Ziff Davis, Inc. (NASDAQ:ZD) by 18.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 91,026 shares of the technology company’s stock after selling 20,319 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.22% of Ziff Davis worth $3,468,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of ZD. Allworth Financial LP boosted its position in Ziff Davis by 149.8% during the second quarter. Allworth Financial LP now owns 1,029 shares of the technology company’s stock valued at $31,000 after acquiring an additional 617 shares during the last quarter. First Horizon Corp acquired a new position in shares of Ziff Davis in the 3rd quarter valued at about $35,000. Blue Trust Inc. boosted its position in shares of Ziff Davis by 30.2% during the 3rd quarter. Blue Trust Inc. now owns 1,273 shares of the technology company’s stock valued at $49,000 after purchasing an additional 295 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Ziff Davis by 60.1% during the second quarter. Caitong International Asset Management Co. Ltd now owns 2,412 shares of the technology company’s stock worth $73,000 after purchasing an additional 905 shares during the period. Finally, Hennessy Advisors Inc. bought a new stake in Ziff Davis in the second quarter worth approximately $87,000. Institutional investors own 99.76% of the company’s stock.

Ziff Davis Stock Up 0.8%

Ziff Davis stock opened at $39.60 on Friday. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 15.71 and a beta of 1.44. The firm’s fifty day moving average price is $35.75 and its two-hundred day moving average price is $35.39. Ziff Davis, Inc. has a 1-year low of $28.55 and a 1-year high of $54.96. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.48.

Ziff Davis (NASDAQ:ZD) last posted its earnings results on Thursday, November 6th. The technology company reported $1.76 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.76. Ziff Davis had a net margin of 7.62% and a return on equity of 13.73%. The company had revenue of $363.71 million for the quarter, compared to analyst estimates of $366.44 million. During the same quarter in the prior year, the business posted $1.64 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year. Ziff Davis has set its FY 2025 guidance at 6.640-7.28 EPS. On average, equities research analysts predict that Ziff Davis, Inc. will post 5.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ZD has been the topic of a number of research analyst reports. Zacks Research upgraded Ziff Davis from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Wall Street Zen downgraded shares of Ziff Davis from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings restated a “sell (d)” rating on shares of Ziff Davis in a report on Wednesday, January 21st. UBS Group dropped their price objective on shares of Ziff Davis from $40.00 to $38.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Finally, Citigroup reduced their target price on Ziff Davis from $42.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Ziff Davis currently has a consensus rating of “Hold” and a consensus target price of $37.50.

Ziff Davis 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.