US Bancorp DE Decreases Stake in Ziff Davis, Inc. (NASDAQ:ZD)

US Bancorp DE lessened its position in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 30.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,655 shares of the technology company’s stock after selling 2,024 shares during the period. US Bancorp DE’s holdings in Ziff Davis were worth $227,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Rothschild Investment LLC purchased a new position in Ziff Davis in the second quarter valued at approximately $25,000. Quest Partners LLC purchased a new position in shares of Ziff Davis in the 2nd quarter valued at $38,000. Innealta Capital LLC purchased a new position in shares of Ziff Davis in the 2nd quarter valued at $75,000. Blue Trust Inc. raised its stake in Ziff Davis by 72.4% during the 2nd quarter. Blue Trust Inc. now owns 1,686 shares of the technology company’s stock worth $93,000 after acquiring an additional 708 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new stake in Ziff Davis in the second quarter valued at $93,000. 99.76% of the stock is owned by hedge funds and other institutional investors.

Ziff Davis Stock Down 0.9 %

Ziff Davis stock opened at $57.31 on Friday. The stock has a 50 day moving average of $48.41 and a two-hundred day moving average of $50.12. Ziff Davis, Inc. has a twelve month low of $37.76 and a twelve month high of $70.90. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 48.57 and a beta of 1.29. The company has a current ratio of 1.42, a quick ratio of 1.91 and a debt-to-equity ratio of 0.49.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Citigroup cut their target price on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price target on shares of Ziff Davis in a research report on Friday, September 6th. Finally, Barclays increased their price objective on Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a report on Monday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $71.29.

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.