Everence Capital Management Inc. purchased a new stake in shares of Ziff Davis, Inc. (NASDAQ:ZD – Free Report) in the third quarter, according to its most recent filing with the SEC. The firm purchased 5,290 shares of the technology company’s stock, valued at approximately $257,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of ZD. Dimensional Fund Advisors LP raised its position in shares of Ziff Davis by 14.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,057,314 shares of the technology company’s stock worth $113,255,000 after purchasing an additional 257,056 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Ziff Davis by 453.7% during the 2nd quarter. AQR Capital Management LLC now owns 278,564 shares of the technology company’s stock worth $15,204,000 after purchasing an additional 228,257 shares during the last quarter. Retirement Systems of Alabama raised its position in shares of Ziff Davis by 63.6% during the 1st quarter. Retirement Systems of Alabama now owns 296,572 shares of the technology company’s stock worth $18,696,000 after purchasing an additional 115,258 shares during the last quarter. Rice Hall James & Associates LLC raised its position in shares of Ziff Davis by 9.4% during the 2nd quarter. Rice Hall James & Associates LLC now owns 451,803 shares of the technology company’s stock worth $24,872,000 after purchasing an additional 38,753 shares during the last quarter. Finally, AXA S.A. raised its position in shares of Ziff Davis by 52.4% during the 2nd quarter. AXA S.A. now owns 94,167 shares of the technology company’s stock worth $5,184,000 after purchasing an additional 32,367 shares during the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.
Ziff Davis Stock Up 1.3 %
Shares of NASDAQ ZD opened at $46.31 on Wednesday. Ziff Davis, Inc. has a 52-week low of $37.76 and a 52-week high of $70.90. The firm has a fifty day moving average of $47.01 and a 200-day moving average of $50.38. The stock has a market capitalization of $2.14 billion, a PE ratio of 38.27 and a beta of 1.29. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.54.
Analysts Set New Price Targets
ZD has been the subject of several research reports. Citigroup cut their price objective on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $95.00 target price on shares of Ziff Davis in a research note on Friday, September 6th. Finally, Barclays lowered their target price on shares of Ziff Davis from $58.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday, August 9th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Ziff Davis currently has an average rating of “Moderate Buy” and a consensus target price of $71.50.
Read Our Latest Stock Report on ZD
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.
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