Amalgamated Bank Sells 9,186 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Amalgamated Bank reduced its holdings in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 41.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,211 shares of the technology company's stock after selling 9,186 shares during the quarter. Amalgamated Bank's holdings in Ziff Davis were worth $643,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ZD. Rice Hall James & Associates LLC boosted its position 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 worth $24,394,000 after purchasing an additional 49,510 shares in the last quarter. International Assets Investment Management LLC grew its stake in Ziff Davis by 31,812.6% in the third quarter. International Assets Investment Management LLC now owns 65,740 shares of the technology company's stock valued at $3,199,000 after acquiring an additional 65,534 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of Ziff Davis by 401.6% during the third quarter. State of Alaska Department of Revenue now owns 25,526 shares of the technology company's stock valued at $1,242,000 after acquiring an additional 20,437 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Ziff Davis by 8.2% during the second quarter. Assenagon Asset Management S.A. now owns 113,196 shares of the technology company's stock worth $6,231,000 after purchasing an additional 8,625 shares during the period. Finally, Retirement Systems of Alabama lifted its holdings 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 worth $19,820,000 after purchasing an additional 63,458 shares in the last quarter. 99.76% of the stock is owned by institutional investors and hedge funds.

Ziff Davis Stock Down 3.9 %

Shares of ZD traded down $2.21 during trading hours on Friday, reaching $55.10. 473,108 shares of the stock traded hands, compared to its average volume of 438,519. Ziff Davis, Inc. has a 52 week low of $37.76 and a 52 week high of $70.90. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 46.69 and a beta of 1.29. The stock has a fifty day simple moving average of $48.58 and a 200 day simple moving average of $50.15. The company has a current ratio of 1.42, a quick ratio of 1.91 and a debt-to-equity ratio of 0.49.

Wall Street Analyst Weigh In

Several research firms have weighed in on ZD. Citigroup lowered their price objective on shares of Ziff Davis from $52.00 to $47.00 and set a "neutral" rating on the stock in a report on Friday, August 9th. Royal Bank of Canada restated an "outperform" rating and issued a $95.00 target price on shares of Ziff Davis in a report on Friday, September 6th. Finally, Barclays raised their price target on shares of 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 analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Ziff Davis currently has a consensus rating of "Moderate Buy" and a consensus target price of $71.29.

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.