US Bancorp DE trimmed its position in Ziff Davis, Inc. (NASDAQ:ZD – Free Report) by 40.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,761 shares of the technology company’s stock after selling 1,894 shares during the period. US Bancorp DE’s holdings in Ziff Davis were worth $150,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 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 valued at $68,861,000 after acquiring an additional 1,265,967 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Ziff Davis by 170.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 259,758 shares of the technology company’s stock valued at $14,115,000 after acquiring an additional 163,708 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Ziff Davis during the 3rd quarter valued at about $7,210,000. Public Sector Pension Investment Board acquired a new position in shares of Ziff Davis during the 3rd quarter valued at about $4,618,000. Finally, Edgestream Partners L.P. acquired a new position in shares of Ziff Davis during the 3rd quarter valued at about $3,115,000. 99.76% of the stock is currently owned by hedge funds and other institutional investors.
Ziff Davis Price Performance
Shares of NASDAQ ZD opened at $40.25 on Friday. Ziff Davis, Inc. has a 1-year low of $37.62 and a 1-year high of $64.04. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. The business’s fifty day moving average price is $49.54 and its two-hundred day moving average price is $50.95. The firm has a market capitalization of $1.72 billion, a PE ratio of 34.11 and a beta of 1.42.
Insider Activity
Analyst Ratings Changes
A number of analysts recently issued reports on the stock. Citigroup dropped their target price on shares of Ziff Davis from $58.00 to $52.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. JPMorgan Chase & Co. decreased their price target on Ziff Davis from $70.00 to $60.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Finally, UBS Group decreased their price target on Ziff Davis from $65.00 to $56.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $65.67.
View Our Latest Analysis on Ziff Davis
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.
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