Main Management ETF Advisors LLC Takes $831,000 Position in Ziff Davis, Inc. (NASDAQ:ZD)

Main Management ETF Advisors LLC acquired a new position in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 17,072 shares of the technology company's stock, valued at approximately $831,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Janus Henderson Group PLC boosted its position in shares of Ziff Davis by 2.0% during the 3rd quarter. Janus Henderson Group PLC now owns 3,214,600 shares of the technology company's stock worth $156,422,000 after purchasing an additional 62,261 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Ziff Davis by 14.3% during 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. Charles Schwab Investment Management Inc. raised its stake in shares of Ziff Davis by 9.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 695,542 shares of the technology company's stock worth $33,845,000 after buying an additional 60,472 shares during the last quarter. Rice Hall James & Associates LLC raised its stake in shares of 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 worth $24,394,000 after buying an additional 49,510 shares during the last quarter. Finally, Retirement Systems of Alabama raised its stake in shares of Ziff Davis by 21.4% during the 2nd 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 last quarter. Institutional investors and hedge funds own 99.76% of the company's stock.

Ziff Davis Stock Up 1.1 %

Shares of NASDAQ ZD traded up $0.66 during mid-day trading on Friday, reaching $58.38. 245,361 shares of the company traded hands, compared to its average volume of 465,454. The stock has a market cap of $2.50 billion, a PE ratio of 49.47 and a beta of 1.35. The company's fifty day moving average is $51.09 and its two-hundred day moving average is $50.43. 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 fifty-two week low of $37.76 and a fifty-two week high of $70.90.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. UBS Group cut their target price on shares of Ziff Davis from $76.00 to $65.00 and set a "neutral" rating for the company in a research note on Tuesday, December 3rd. 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. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $95.00 price target on shares of Ziff Davis in a report on Friday, September 6th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, 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.