Amalgamated Bank Decreases Stock Holdings in Ziff Davis, Inc. (NASDAQ:ZD)

Amalgamated Bank reduced its position in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 41.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,211 shares of the technology company’s stock after selling 9,186 shares during the period. Amalgamated Bank’s holdings in Ziff Davis were worth $643,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Rothschild Investment LLC purchased a new stake in Ziff Davis in the second quarter valued at $25,000. Quest Partners LLC purchased a new stake in Ziff Davis in the second quarter valued at $38,000. Innealta Capital LLC purchased a new stake in Ziff Davis in the second quarter valued at $75,000. Blue Trust Inc. lifted its position in Ziff Davis by 72.4% in the second quarter. Blue Trust Inc. now owns 1,686 shares of the technology company’s stock valued at $93,000 after acquiring an additional 708 shares during 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.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $95.00 target price on shares of Ziff Davis in a report on Friday, September 6th. Citigroup reduced their target price on shares of Ziff Davis from $52.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Finally, Barclays upped their target price 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.29.

Ziff Davis Trading Down 3.9 %

Shares of ZD opened at $55.10 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.91. The firm has a 50 day simple moving average of $48.58 and a 200-day simple moving average of $50.15. Ziff Davis, Inc. has a 1-year low of $37.76 and a 1-year high of $70.90. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 46.69 and a beta of 1.29.

Ziff Davis 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.