Rhumbline Advisers Has $7.29 Million Stake in Ziff Davis, Inc. (NASDAQ:ZD)

Rhumbline Advisers lowered its position in Ziff Davis, Inc. (NASDAQ:ZD) by 4.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 134,224 shares of the technology company’s stock after selling 5,899 shares during the period. Rhumbline Advisers owned 0.31% of Ziff Davis worth $7,294,000 at the end of the most recent reporting period.

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

Ziff Davis Stock Down 1.1 %

Ziff Davis stock opened at $47.50 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. Ziff Davis, Inc. has a fifty-two week low of $37.76 and a fifty-two week high of $70.02. The firm has a fifty day moving average price of $53.54 and a two-hundred day moving average price of $51.40. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 40.25 and a beta of 1.36.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Barclays boosted their price target on Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. UBS Group reduced their target price on Ziff Davis from $76.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, December 3rd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $68.00.

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.