Charles Schwab Investment Management Inc. Purchases 60,472 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Charles Schwab Investment Management Inc. lifted its stake in Ziff Davis, Inc. (NASDAQ:ZD) by 9.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 695,542 shares of the technology company’s stock after purchasing an additional 60,472 shares during the period. Charles Schwab Investment Management Inc. owned about 1.55% of Ziff Davis worth $33,845,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Rothschild Investment LLC purchased a new stake in Ziff Davis in the second quarter worth about $25,000. Quest Partners LLC purchased a new stake in Ziff Davis in the second quarter worth about $38,000. Innealta Capital LLC purchased a new stake in Ziff Davis in the second quarter worth about $75,000. Blue Trust Inc. lifted its stake in Ziff Davis by 72.4% in the second quarter. Blue Trust Inc. now owns 1,686 shares of the technology company’s stock worth $93,000 after acquiring an additional 708 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Ziff Davis during the second quarter valued at about $93,000. 99.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ZD has been the subject of several analyst reports. Citigroup decreased their price target on shares of 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 reissued an “outperform” rating and set a $95.00 price target on shares of Ziff Davis in a research report on Friday, September 6th. UBS Group decreased their price objective on shares of Ziff Davis from $76.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, Barclays increased their price objective on shares of Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.71.

Ziff Davis Stock Down 1.0 %

Shares of NASDAQ:ZD opened at $59.42 on Wednesday. The business has a 50-day moving average price of $50.28 and a 200 day moving average price of $50.33. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 50.36 and a beta of 1.35. Ziff Davis, Inc. has a 12-month low of $37.76 and a 12-month high of $70.90.

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.