Empowered Funds LLC Has $9.55 Million Stock Holdings in Ziff Davis, Inc. (NASDAQ:ZD)

Empowered Funds LLC lifted its holdings in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 18.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 175,767 shares of the technology company's stock after purchasing an additional 27,592 shares during the period. Empowered Funds LLC owned about 0.41% of Ziff Davis worth $9,551,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in Ziff Davis during the 3rd quarter worth about $37,000. TD Private Client Wealth LLC boosted its stake in Ziff Davis by 19.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company's stock worth $75,000 after purchasing an additional 249 shares during the period. Central Pacific Bank Trust Division grew its position 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 purchasing an additional 490 shares in the last quarter. FORA Capital LLC acquired a new stake in Ziff Davis during the 3rd quarter valued at $210,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of Ziff Davis in the third quarter valued at $217,000. 99.76% of the stock is currently owned by institutional investors.

Ziff Davis Stock Up 1.6 %

Shares of NASDAQ ZD traded up $0.85 during trading hours on Thursday, hitting $53.76. The stock had a trading volume of 311,481 shares, compared to its average volume of 303,737. The firm's 50-day moving average price is $54.81 and its two-hundred day moving average price is $50.89. Ziff Davis, Inc. has a 52 week low of $37.76 and a 52 week high of $70.02. The company has a market capitalization of $2.30 billion, a P/E ratio of 45.56 and a beta of 1.36. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ZD shares. Barclays lifted their price target on Ziff Davis from $44.00 to $61.00 and gave the company an "equal weight" rating in a report on Monday, November 11th. UBS Group dropped their target price on Ziff Davis from $76.00 to $65.00 and set a "neutral" rating on the stock in a report on Tuesday, December 3rd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $69.71.

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.