GHP Investment Advisors Inc. Reduces Position in Ziff Davis, Inc. (NASDAQ:ZD)

GHP Investment Advisors Inc. reduced its position in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 72.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,926 shares of the technology company's stock after selling 12,672 shares during the quarter. GHP Investment Advisors Inc.'s holdings in Ziff Davis were worth $268,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Ziff Davis in the third quarter worth about $37,000. TD Private Client Wealth LLC lifted its position in Ziff Davis by 19.2% in the third quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company's stock valued at $75,000 after purchasing an additional 249 shares during the last quarter. Central Pacific Bank Trust Division boosted its stake in shares of Ziff Davis by 17.9% during the fourth quarter. Central Pacific Bank Trust Division now owns 3,220 shares of the technology company's stock valued at $175,000 after purchasing an additional 490 shares during the period. FORA Capital LLC bought a new position in shares of Ziff Davis in the third quarter worth approximately $210,000. Finally, CIBC Asset Management Inc purchased a new position in shares of Ziff Davis in the third quarter worth $217,000. Hedge funds and other institutional investors own 99.76% of the company's stock.

Ziff Davis Stock Performance

Shares of NASDAQ ZD traded up $0.73 during trading on Tuesday, hitting $54.28. The company had a trading volume of 263,257 shares, compared to its average volume of 304,491. The stock has a 50 day simple moving average of $55.01 and a 200 day simple moving average of $50.86. The firm has a market capitalization of $2.32 billion, a P/E ratio of 46.00 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. Ziff Davis, Inc. has a 12 month low of $37.76 and a 12 month high of $70.02.

Wall Street Analysts Forecast Growth

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

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.