Janney Montgomery Scott LLC Invests $809,000 in Ziff Davis, Inc. (NASDAQ:ZD)

Janney Montgomery Scott LLC acquired a new position in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 16,626 shares of the technology company's stock, valued at approximately $809,000.

Other large investors have also recently modified their holdings of the company. Janus Henderson Group PLC grew its position in Ziff Davis by 0.3% during the first quarter. Janus Henderson Group PLC now owns 3,239,654 shares of the technology company's stock worth $204,227,000 after buying an additional 10,303 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Ziff Davis by 14.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,057,314 shares of the technology company's stock worth $113,255,000 after buying an additional 257,056 shares during the last quarter. Rice Hall James & Associates LLC increased its position in Ziff Davis by 11.0% during the 3rd quarter. Rice Hall James & Associates LLC now owns 501,313 shares of the technology company's stock valued at $24,394,000 after purchasing an additional 49,510 shares during the period. Retirement Systems of Alabama lifted its holdings in Ziff Davis by 21.4% in the second quarter. Retirement Systems of Alabama now owns 360,030 shares of the technology company's stock worth $19,820,000 after buying an additional 63,458 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of Ziff Davis by 453.7% during the second quarter. AQR Capital Management LLC now owns 278,564 shares of the technology company's stock valued at $15,204,000 after purchasing an additional 228,257 shares in the last quarter. Hedge funds and other institutional investors own 99.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Citigroup cut their target price on Ziff Davis from $52.00 to $47.00 and set a "neutral" rating on the stock in a research note on Friday, August 9th. Royal Bank of Canada reiterated an "outperform" rating and set a $95.00 price objective on shares of Ziff Davis in a research note on Friday, September 6th. Finally, Barclays boosted their price target on Ziff Davis from $44.00 to $61.00 and gave the stock an "equal weight" rating in a report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $71.29.

Ziff Davis Trading Up 1.4 %

Ziff Davis stock traded up $0.79 during midday trading on Monday, reaching $55.89. The stock had a trading volume of 392,962 shares, compared to its average volume of 438,315. The company has a quick ratio of 1.91, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. The company has a fifty day moving average of $48.58 and a 200 day moving average of $50.15. Ziff Davis, Inc. has a 52-week low of $37.76 and a 52-week high of $70.90. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 46.70 and a beta of 1.29.

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.