GSA Capital Partners LLP Makes New $775,000 Investment in Ziff Davis, Inc. (NASDAQ:ZD)

GSA Capital Partners LLP bought a new position in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 15,933 shares of the technology company's stock, valued at approximately $775,000.

Several other institutional investors and hedge funds have also made changes to their positions in ZD. GHP Investment Advisors Inc. grew its position in shares of Ziff Davis by 1.4% during the 3rd quarter. GHP Investment Advisors Inc. now owns 17,598 shares of the technology company's stock worth $856,000 after buying an additional 250 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Ziff Davis by 2.2% in the 2nd quarter. Arizona State Retirement System now owns 12,913 shares of the technology company's stock worth $711,000 after purchasing an additional 275 shares during the period. ProShare Advisors LLC boosted its stake in shares of Ziff Davis by 3.1% during the first quarter. ProShare Advisors LLC now owns 10,952 shares of the technology company's stock valued at $690,000 after purchasing an additional 329 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Ziff Davis by 0.5% during the first quarter. Russell Investments Group Ltd. now owns 80,020 shares of the technology company's stock valued at $5,044,000 after buying an additional 434 shares during the period. Finally, Rothschild Investment LLC bought a new position in Ziff Davis in the second quarter worth approximately $25,000. 99.76% of the stock is currently owned by institutional investors.

Ziff Davis Price Performance

ZD stock traded up $0.79 during mid-day trading on Monday, reaching $55.89. 400,505 shares of the company's stock were exchanged, compared to its average volume of 438,349. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 47.36 and a beta of 1.29. Ziff Davis, Inc. has a 12-month low of $37.76 and a 12-month high of $70.90. The stock's 50 day moving average is $48.75 and its 200 day moving average is $50.17. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.91.

Analyst Upgrades and Downgrades

ZD has been the topic of a number of recent analyst reports. Barclays raised their price target on shares of Ziff Davis from $44.00 to $61.00 and gave the company an "equal weight" rating in a report on Monday, November 11th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $95.00 price target on shares of Ziff Davis in a report on Friday, September 6th. Finally, Citigroup decreased their price objective on Ziff Davis from $52.00 to $47.00 and set a "neutral" rating for the company in a report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Ziff Davis currently has an average rating of "Moderate Buy" and a consensus price target of $71.29.

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.