Ziff Davis, Inc. (NASDAQ:ZD) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,295 shares of the technology company’s stock after selling 1,231 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.06% of Ziff Davis worth $1,320,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new stake in Ziff Davis during the third quarter worth approximately $37,000. TD Private Client Wealth LLC raised its stake in shares of Ziff Davis by 19.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company’s stock worth $75,000 after buying an additional 249 shares in the last quarter. Central Pacific Bank Trust Division raised its stake in shares of Ziff Davis by 17.9% in the 4th quarter. Central Pacific Bank Trust Division now owns 3,220 shares of the technology company’s stock worth $175,000 after buying an additional 490 shares in the last quarter. FORA Capital LLC acquired a new stake in shares of Ziff Davis in the third quarter valued at $210,000. Finally, CIBC Asset Management Inc bought a new position in Ziff Davis during the third quarter valued at about $217,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ZD shares. Barclays lifted their target price on Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. UBS Group cut their price objective on Ziff Davis from $76.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, December 3rd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $69.71.

Ziff Davis Price Performance

Ziff Davis stock opened at $52.91 on Thursday. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 44.84 and a beta of 1.36. Ziff Davis, Inc. has a 12-month low of $37.76 and a 12-month high of $70.02. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. The business’s 50-day simple moving average is $54.89 and its 200 day simple moving average is $50.87.

About Ziff Davis

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.