Rhumbline Advisers Sells 5,899 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Rhumbline Advisers trimmed its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 4.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 134,224 shares of the technology company's stock after selling 5,899 shares during the period. Rhumbline Advisers owned approximately 0.31% of Ziff Davis worth $7,294,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of ZD. Creative Planning raised its position in shares of Ziff Davis by 128.5% during the third quarter. Creative Planning now owns 13,347 shares of the technology company's stock worth $649,000 after purchasing an additional 7,507 shares during the period. International Assets Investment Management LLC raised its position in shares of Ziff Davis by 31,812.6% during the third quarter. International Assets Investment Management LLC now owns 65,740 shares of the technology company's stock worth $3,199,000 after purchasing an additional 65,534 shares during the period. Louisiana State Employees Retirement System raised its position in shares of Ziff Davis by 66.2% during the third quarter. Louisiana State Employees Retirement System now owns 21,600 shares of the technology company's stock worth $1,051,000 after purchasing an additional 8,600 shares during the period. State of Alaska Department of Revenue raised its position in shares of Ziff Davis by 401.6% during the third quarter. State of Alaska Department of Revenue now owns 25,526 shares of the technology company's stock worth $1,242,000 after purchasing an additional 20,437 shares during the period. Finally, New York State Teachers Retirement System raised its position in shares of Ziff Davis by 2.8% during the third quarter. New York State Teachers Retirement System now owns 60,762 shares of the technology company's stock worth $2,957,000 after purchasing an additional 1,639 shares during the period. 99.76% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Citigroup lowered their target price on Ziff Davis from $58.00 to $52.00 and set a "neutral" rating on the stock in a research report on Wednesday. Barclays upped their target price on Ziff Davis from $44.00 to $61.00 and gave the stock an "equal weight" rating in a research report on Monday, November 11th. UBS Group lowered their price target on Ziff Davis from $65.00 to $56.00 and set a "neutral" rating for the company in a research report on Wednesday. Finally, JPMorgan Chase & Co. lowered their price target on Ziff Davis from $70.00 to $60.00 and set an "overweight" rating for the company in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Ziff Davis currently has an average rating of "Moderate Buy" and a consensus price target of $65.67.

Ziff Davis Stock Down 0.6 %

NASDAQ ZD traded down $0.25 on Friday, reaching $41.06. The company had a trading volume of 709,567 shares, compared to its average volume of 361,186. Ziff Davis, Inc. has a 52-week low of $37.76 and a 52-week high of $70.02. The stock has a market capitalization of $1.76 billion, a P/E ratio of 34.80 and a beta of 1.36. The company's fifty day moving average is $52.99 and its 200 day moving average is $51.27. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49.

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.