Bridgewater Associates LP Has $244,000 Stock Position in Ziff Davis, Inc. (NASDAQ:ZD)

Bridgewater Associates LP cut its stake in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 93.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,017 shares of the technology company's stock after selling 72,077 shares during the period. Bridgewater Associates LP's holdings in Ziff Davis were worth $244,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ZD. Price T Rowe Associates Inc. MD raised its holdings in Ziff Davis by 3.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,316 shares of the technology company's stock valued at $1,849,000 after acquiring an additional 995 shares in the last quarter. Wesbanco Bank Inc. raised its holdings in shares of Ziff Davis by 48.6% during the 2nd quarter. Wesbanco Bank Inc. now owns 18,946 shares of the technology company's stock worth $1,043,000 after buying an additional 6,200 shares in the last quarter. Cardinal Capital Management lifted its position in shares of Ziff Davis by 18.3% during the 2nd quarter. Cardinal Capital Management now owns 30,101 shares of the technology company's stock worth $1,657,000 after buying an additional 4,647 shares during the last quarter. QRG Capital Management Inc. boosted its stake in Ziff Davis by 3.3% in the second quarter. QRG Capital Management Inc. now owns 18,213 shares of the technology company's stock valued at $1,003,000 after buying an additional 590 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in Ziff Davis by 142.3% in the second quarter. SG Americas Securities LLC now owns 11,745 shares of the technology company's stock valued at $647,000 after acquiring an additional 6,897 shares during the last quarter. 99.76% of the stock is owned by institutional investors and hedge funds.

Ziff Davis Trading Down 0.8 %

NASDAQ ZD traded down $0.45 on Wednesday, hitting $58.97. The company's stock had a trading volume of 90,926 shares, compared to its average volume of 434,407. The company's 50-day moving average is $50.48 and its 200 day moving average is $50.34. The firm has a market cap of $2.52 billion, a PE ratio of 50.38 and a beta of 1.35. Ziff Davis, Inc. has a 1-year low of $37.76 and a 1-year high of $70.90. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49.

Wall Street Analysts Forecast Growth

ZD has been the subject of a number of research reports. Citigroup dropped their target price on shares of Ziff Davis from $52.00 to $47.00 and set a "neutral" rating for the company in a report on Friday, August 9th. Barclays increased their price objective on shares of Ziff Davis from $44.00 to $61.00 and gave the company an "equal weight" rating in a research note on Monday, November 11th. UBS Group decreased their target price on shares of Ziff Davis from $76.00 to $65.00 and set a "neutral" rating on the stock in a research note on Tuesday. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $95.00 price target on shares of Ziff Davis in a research note on Friday, September 6th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $69.71.

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.