Nordea Investment Management AB Lowers Holdings in Ziff Davis, Inc. (NASDAQ:ZD)

Nordea Investment Management AB reduced its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,014,491 shares of the technology company’s stock after selling 45,555 shares during the period. Nordea Investment Management AB owned about 2.37% of Ziff Davis worth $55,868,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Arizona State Retirement System grew its position in shares of Ziff Davis by 2.2% during the second quarter. Arizona State Retirement System now owns 12,913 shares of the technology company’s stock worth $711,000 after buying an additional 275 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Ziff Davis in the 2nd quarter valued at approximately $38,000. Choreo LLC purchased a new stake in shares of Ziff Davis in the 2nd quarter valued at approximately $371,000. Texas Permanent School Fund Corp raised its holdings in shares of Ziff Davis by 3.0% in the 2nd quarter. Texas Permanent School Fund Corp now owns 41,434 shares of the technology company’s stock valued at $2,281,000 after purchasing an additional 1,188 shares in the last quarter. Finally, Headlands Technologies LLC lifted its position in shares of Ziff Davis by 50.8% during the 2nd quarter. Headlands Technologies LLC now owns 10,051 shares of the technology company’s stock worth $553,000 after purchasing an additional 3,386 shares during the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Ziff Davis Trading Down 2.6 %

NASDAQ ZD opened at $53.37 on Wednesday. Ziff Davis, Inc. has a one year low of $37.76 and a one year high of $70.90. The firm has a market cap of $2.28 billion, a PE ratio of 45.23 and a beta of 1.36. The firm’s fifty day moving average is $55.65 and its two-hundred day moving average is $50.50. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42.

Wall Street Analyst Weigh In

ZD has been the subject of a number of recent analyst reports. Barclays lifted their price target on 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 decreased their target price on Ziff Davis from $76.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, December 3rd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Ziff Davis currently has an average 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.