Virtu Financial LLC Invests $503,000 in Ziff Davis, Inc. (NASDAQ:ZD)

Virtu Financial LLC acquired a new stake in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,346 shares of the technology company's stock, valued at approximately $503,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Janus Henderson Group PLC lifted its stake in shares of Ziff Davis by 2.0% during the 3rd quarter. Janus Henderson Group PLC now owns 3,214,600 shares of the technology company's stock worth $156,422,000 after purchasing an additional 62,261 shares during the period. Dimensional Fund Advisors LP increased its stake in Ziff Davis by 14.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,057,314 shares of the technology company's stock valued at $113,255,000 after purchasing an additional 257,056 shares during the last quarter. Geode Capital Management LLC lifted its position in Ziff Davis by 3.0% during the third quarter. Geode Capital Management LLC now owns 1,274,762 shares of the technology company's stock worth $62,040,000 after buying an additional 36,863 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Ziff Davis by 9.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 695,542 shares of the technology company's stock worth $33,845,000 after buying an additional 60,472 shares during the last quarter. Finally, Rice Hall James & Associates LLC increased its stake in shares of Ziff Davis by 11.0% during the 3rd quarter. Rice Hall James & Associates LLC now owns 501,313 shares of the technology company's stock valued at $24,394,000 after acquiring an additional 49,510 shares during the last quarter. Hedge funds and other institutional investors own 99.76% of the company's stock.

Analysts Set New Price Targets

ZD has been the topic of several research analyst reports. Barclays raised their target price on shares of 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 price objective on Ziff Davis from $76.00 to $65.00 and set a "neutral" rating on the stock in a research note on Tuesday, December 3rd. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $95.00 target price on shares of Ziff Davis in a research report on Friday, September 6th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $69.71.

Ziff Davis Stock Up 0.3 %

Shares of NASDAQ:ZD traded up $0.15 during mid-day trading on Monday, hitting $57.90. 632,085 shares of the company traded hands, compared to its average volume of 433,230. The firm's 50 day simple moving average is $52.32 and its 200 day simple moving average is $50.52. The firm has a market cap of $2.47 billion, a P/E ratio of 48.94 and a beta of 1.35. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. Ziff Davis, Inc. has a 52-week low of $37.76 and a 52-week high of $70.90.

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.