Ziff Davis, Inc. (NASDAQ:ZD) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its holdings in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 24.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 356,889 shares of the technology company's stock after selling 115,814 shares during the period. Allspring Global Investments Holdings LLC owned about 0.84% of Ziff Davis worth $19,550,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Ziff Davis in the 3rd quarter valued at about $37,000. TD Private Client Wealth LLC increased its stake in 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 worth $75,000 after buying an additional 249 shares in the last quarter. Central Pacific Bank Trust Division increased its stake in Ziff Davis by 17.9% during 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 purchased a new stake in Ziff Davis during the 3rd quarter worth approximately $210,000. Finally, CIBC Asset Management Inc purchased a new stake in Ziff Davis during the 3rd quarter worth approximately $217,000. Hedge funds and other institutional investors own 99.76% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on ZD. UBS Group cut their price objective on Ziff Davis from $76.00 to $65.00 and set a "neutral" rating for the company in a research note on Tuesday, December 3rd. Barclays boosted their price objective on Ziff Davis from $44.00 to $61.00 and gave the stock an "equal weight" rating in a research note on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Ziff Davis presently has an average rating of "Moderate Buy" and a consensus price target of $69.71.

Ziff Davis Price Performance

Shares of ZD stock traded down $1.20 during trading hours on Wednesday, reaching $51.35. The company had a trading volume of 278,420 shares, compared to its average volume of 298,723. Ziff Davis, Inc. has a 12-month low of $37.76 and a 12-month high of $70.02. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 43.52 and a beta of 1.36. The stock has a fifty day moving average of $54.33 and a 200-day moving average of $51.10. 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 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.