Ziff Davis, Inc. (NASDAQ:ZD) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. increased its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 36.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 210,989 shares of the technology company’s stock after buying an additional 56,352 shares during the period. Principal Financial Group Inc. owned about 0.47% of Ziff Davis worth $10,267,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in shares of Ziff Davis by 14.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,057,314 shares of the technology company’s stock valued at $113,255,000 after buying an additional 257,056 shares during the period. AQR Capital Management LLC lifted its stake in Ziff Davis by 453.7% in the second quarter. AQR Capital Management LLC now owns 278,564 shares of the technology company’s stock worth $15,204,000 after acquiring an additional 228,257 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in Ziff Davis during the 3rd quarter worth approximately $4,263,000. International Assets Investment Management LLC grew its holdings in Ziff Davis by 31,812.6% during the 3rd quarter. International Assets Investment Management LLC now owns 65,740 shares of the technology company’s stock worth $3,199,000 after acquiring an additional 65,534 shares in the last quarter. Finally, Retirement Systems of Alabama increased its position in shares of Ziff Davis by 21.4% in the 2nd quarter. Retirement Systems of Alabama now owns 360,030 shares of the technology company’s stock valued at $19,820,000 after purchasing an additional 63,458 shares during the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Ziff Davis Stock Performance

NASDAQ:ZD opened at $55.89 on Tuesday. The firm has a 50-day moving average price of $48.75 and a two-hundred day moving average price of $50.17. The company has a market capitalization of $2.39 billion, a P/E ratio of 47.36 and a beta of 1.29. Ziff Davis, Inc. has a twelve month low of $37.76 and a twelve month high of $70.90. The company has a current ratio of 1.42, a quick ratio of 1.91 and a debt-to-equity ratio of 0.49.

Analysts Set New Price Targets

ZD has been the topic of a number of recent analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 price objective on shares of Ziff Davis in a report on Friday, September 6th. Citigroup reduced their price target on shares of Ziff Davis from $52.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Finally, Barclays upped their target price on Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Ziff Davis currently has a consensus rating of “Moderate Buy” and a consensus price target 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.