Franklin Resources Inc. Acquires New Stake in Ziff Davis, Inc. (NASDAQ:ZD)

Franklin Resources Inc. acquired a new position in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 21,556 shares of the technology company's stock, valued at approximately $986,000. Franklin Resources Inc. owned 0.05% of Ziff Davis as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in Ziff Davis during the 3rd quarter valued at $37,000. Virtu Financial LLC bought a new position in shares of Ziff Davis during the 3rd quarter worth about $503,000. TD Private Client Wealth LLC raised its position in shares of Ziff Davis by 19.2% during the third quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company's stock valued at $75,000 after buying an additional 249 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Ziff Davis by 3.0% in the third quarter. Geode Capital Management LLC now owns 1,274,762 shares of the technology company's stock valued at $62,040,000 after buying an additional 36,863 shares during the period. Finally, MML Investors Services LLC increased its stake in Ziff Davis by 55.6% during the third quarter. MML Investors Services LLC now owns 5,757 shares of the technology company's stock valued at $280,000 after acquiring an additional 2,057 shares during the period. Institutional investors and hedge funds own 99.76% of the company's stock.

Ziff Davis Trading Down 2.0 %

Shares of ZD traded down $1.12 during trading hours on Friday, reaching $55.36. The stock had a trading volume of 247,522 shares, compared to its average volume of 441,606. The company has a market cap of $2.37 billion, a P/E ratio of 46.92 and a beta of 1.35. Ziff Davis, Inc. has a 52 week low of $37.76 and a 52 week 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. The firm has a 50-day moving average of $54.53 and a 200 day moving average of $50.53.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ZD shares. Barclays lifted their target price 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 cut their price target on Ziff Davis from $76.00 to $65.00 and set a "neutral" rating for the company in a report on Tuesday, December 3rd. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $95.00 price objective on shares of Ziff Davis in a research report on Friday, September 6th. Three analysts have rated the stock with a hold rating and four have given 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 $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.