Choreo LLC Acquires 2,318 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Choreo LLC raised its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 28.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,369 shares of the technology company’s stock after acquiring an additional 2,318 shares during the quarter. Choreo LLC’s holdings in Ziff Davis were worth $566,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Janus Henderson Group PLC grew its stake in Ziff Davis by 2.0% in the third quarter. Janus Henderson Group PLC now owns 3,214,600 shares of the technology company’s stock worth $156,422,000 after purchasing an additional 62,261 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Ziff Davis by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,274,762 shares of the technology company’s stock worth $62,040,000 after buying an additional 36,863 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Ziff Davis by 100,954.3% during the fourth quarter. Pacer Advisors Inc. now owns 1,267,221 shares of the technology company’s stock valued at $68,861,000 after buying an additional 1,265,967 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Ziff Davis by 9.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 695,542 shares of the technology company’s stock valued at $33,845,000 after acquiring an additional 60,472 shares in the last quarter. Finally, Rice Hall James & Associates LLC lifted its stake in Ziff Davis by 11.0% in the third quarter. Rice Hall James & Associates LLC now owns 501,313 shares of the technology company’s stock worth $24,394,000 after acquiring an additional 49,510 shares during the period. Institutional investors own 99.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. UBS Group cut their target price on shares of Ziff Davis from $76.00 to $65.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 3rd. Barclays lifted their price objective on shares of Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $69.71.

Ziff Davis Trading Up 1.4 %

Ziff Davis stock opened at $54.28 on Wednesday. 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 firm has a market cap of $2.32 billion, a PE ratio of 46.00 and a beta of 1.36. The stock’s 50 day simple moving average is $55.01 and its two-hundred day simple moving average is $50.86. Ziff Davis, Inc. has a 12 month low of $37.76 and a 12 month high of $70.02.

About Ziff Davis

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.