Principal Financial Group Inc. Reduces Stock Position in Ziff Davis, Inc. (NASDAQ:ZD)

Principal Financial Group Inc. trimmed its stake in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 207,341 shares of the technology company’s stock after selling 3,648 shares during the period. Principal Financial Group Inc. owned about 0.49% of Ziff Davis worth $11,267,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Janus Henderson Group PLC grew its stake in Ziff Davis by 2.0% in the 3rd 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. Geode Capital Management LLC grew its position in shares of Ziff Davis by 3.0% in the third quarter. Geode Capital Management LLC now owns 1,274,762 shares of the technology company’s stock valued at $62,040,000 after purchasing an additional 36,863 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of Ziff Davis by 100,954.3% during the 4th quarter. Pacer Advisors Inc. now owns 1,267,221 shares of the technology company’s stock worth $68,861,000 after purchasing an additional 1,265,967 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Ziff Davis by 9.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 695,542 shares of the technology company’s stock worth $33,845,000 after purchasing an additional 60,472 shares during the last quarter. Finally, Rice Hall James & Associates LLC lifted its stake in Ziff Davis by 11.0% in the 3rd quarter. Rice Hall James & Associates LLC now owns 501,313 shares of the technology company’s stock valued at $24,394,000 after buying an additional 49,510 shares in the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Citigroup dropped their price target on Ziff Davis from $58.00 to $52.00 and set a “neutral” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. dropped their price objective on Ziff Davis from $70.00 to $60.00 and set an “overweight” rating for the company in a research report on Wednesday. UBS Group cut their target price on shares of Ziff Davis from $65.00 to $56.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Barclays raised their price target on shares of Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $65.67.

Ziff Davis Stock Performance

Ziff Davis stock opened at $41.31 on Friday. The stock has a fifty day moving average price of $52.99 and a 200 day moving average price of $51.27. Ziff Davis, Inc. has a 52 week low of $37.76 and a 52 week high of $70.02. The firm has a market capitalization of $1.77 billion, a P/E ratio of 35.01 and a beta of 1.36. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49.

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.