Principal Financial Group Inc. Boosts Stock Holdings in Ziff Davis, Inc. (NASDAQ:ZD)

Principal Financial Group Inc. lifted its stake in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 36.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,989 shares of the technology company's stock after purchasing an additional 56,352 shares during the period. Principal Financial Group Inc. owned 0.49% of Ziff Davis worth $10,267,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ZD. Rothschild Investment LLC purchased a new stake in shares of Ziff Davis during the second quarter worth about $25,000. Wilmington Savings Fund Society FSB purchased a new stake in Ziff Davis during the 3rd quarter valued at approximately $37,000. Quest Partners LLC bought a new stake in shares of Ziff Davis during the second quarter valued at approximately $38,000. 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. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of Ziff Davis in the second quarter worth $93,000. 99.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ZD shares. Royal Bank of Canada reiterated an "outperform" rating and issued a $95.00 target price on shares of Ziff Davis in a research report on Friday, September 6th. Barclays upped 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. Finally, UBS Group reduced their price target on shares of Ziff Davis from $76.00 to $65.00 and set a "neutral" rating on the stock 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's stock. According to data from MarketBeat, Ziff Davis presently has an average rating of "Moderate Buy" and a consensus target price of $69.71.

Ziff Davis Trading Down 0.4 %

Shares of NASDAQ:ZD traded down $0.22 on Tuesday, hitting $54.34. 303,183 shares of the company's stock were exchanged, compared to its average volume of 440,466. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 46.05 and a beta of 1.35. Ziff Davis, Inc. has a 12 month low of $37.76 and a 12 month high of $70.90. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. The business's 50 day simple moving average is $54.70 and its two-hundred day simple moving average is $50.49.

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.