MML Investors Services LLC Acquires 2,057 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

MML Investors Services LLC raised its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZDFree Report) by 55.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,757 shares of the technology company’s stock after purchasing an additional 2,057 shares during the quarter. MML Investors Services LLC’s holdings in Ziff Davis were worth $280,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in ZD. Main Management ETF Advisors LLC purchased a new position in shares of Ziff Davis in the 3rd quarter worth approximately $831,000. Weiss Asset Management LP bought a new stake in Ziff Davis in the third quarter worth $621,000. Petrus Trust Company LTA purchased a new position in Ziff Davis during the third quarter worth $781,000. Janus Henderson Group PLC increased its position in Ziff Davis by 2.0% during the third quarter. Janus Henderson Group PLC now owns 3,214,600 shares of the technology company’s stock valued at $156,422,000 after acquiring an additional 62,261 shares during the last quarter. Finally, Holocene Advisors LP raised its stake in shares of Ziff Davis by 46.3% in the third quarter. Holocene Advisors LP now owns 64,755 shares of the technology company’s stock valued at $3,151,000 after acquiring an additional 20,491 shares during the period. 99.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. UBS Group dropped their price target on shares of Ziff Davis from $76.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, December 3rd. Royal Bank of Canada restated an “outperform” rating and set a $95.00 target price on shares of Ziff Davis in a research report on Friday, September 6th. Finally, Barclays increased 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. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $69.71.

Read Our Latest Report on ZD

Ziff Davis Stock Performance

Ziff Davis stock opened at $56.36 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market capitalization of $2.41 billion, a PE ratio of 47.76 and a beta of 1.35. The company has a 50 day moving average price of $54.17 and a 200-day moving average price of $50.53. Ziff Davis, Inc. has a fifty-two week low of $37.76 and a fifty-two week high of $70.90.

Ziff Davis Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Ziff Davis (NASDAQ:ZD)

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