Brave Asset Management Inc. boosted its position in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 3.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 363,527 shares of the technology company's stock after buying an additional 13,659 shares during the quarter. Ziff Davis makes up about 6.3% of Brave Asset Management Inc.'s holdings, making the stock its 5th biggest holding. Brave Asset Management Inc. owned about 0.85% of Ziff Davis worth $19,754,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. grew its position in shares of Ziff Davis by 69.8% in the 3rd quarter. Victory Capital Management Inc. now owns 53,905 shares of the technology company's stock worth $2,623,000 after buying an additional 22,155 shares during the last quarter. Franklin Resources Inc. bought a new stake in Ziff Davis in the third quarter valued at $986,000. Virtu Financial LLC bought a new stake in Ziff Davis in the third quarter valued at $503,000. Empowered Funds LLC purchased a new position in Ziff Davis during the 3rd quarter valued at $7,210,000. Finally, Rice Hall James & Associates LLC raised its holdings in Ziff Davis by 11.0% in 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. Hedge funds and other institutional investors own 99.76% of the company's stock.
Ziff Davis Stock Up 1.6 %
ZD traded up $0.84 during midday trading on Thursday, reaching $54.05. The company's stock had a trading volume of 310,246 shares, compared to its average volume of 342,115. Ziff Davis, Inc. has a 1 year low of $37.76 and a 1 year high of $70.90. The stock's 50-day moving average is $56.24 and its 200-day moving average is $50.42. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 45.81 and a beta of 1.36. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on ZD. UBS Group reduced their price target on shares of Ziff Davis from $76.00 to $65.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 3rd. Barclays upped 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. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $69.71.
View Our Latest Research Report on Ziff Davis
Ziff Davis Company Profile
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Free Report)
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.
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