Rice Hall James & Associates LLC Sells 7,841 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Rice Hall James & Associates LLC decreased its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 493,472 shares of the technology company's stock after selling 7,841 shares during the quarter. Ziff Davis comprises approximately 1.5% of Rice Hall James & Associates LLC's holdings, making the stock its 18th largest position. Rice Hall James & Associates LLC owned about 1.15% of Ziff Davis worth $26,815,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in Ziff Davis in the 3rd quarter valued at approximately $37,000. TD Private Client Wealth LLC raised its holdings in Ziff Davis by 19.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company's stock valued at $75,000 after acquiring an additional 249 shares in the last quarter. Central Pacific Bank Trust Division raised its holdings in Ziff Davis by 17.9% in the 4th quarter. Central Pacific Bank Trust Division now owns 3,220 shares of the technology company's stock valued at $175,000 after acquiring an additional 490 shares in the last quarter. FORA Capital LLC acquired a new position in Ziff Davis in the 3rd quarter valued at approximately $210,000. Finally, CIBC Asset Management Inc acquired a new position in Ziff Davis in the 3rd quarter valued at approximately $217,000. Institutional investors own 99.76% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ZD. Barclays increased their target price on Ziff Davis from $44.00 to $61.00 and gave the stock an "equal weight" rating in a report on Monday, November 11th. UBS Group dropped their target price on Ziff Davis from $76.00 to $65.00 and set a "neutral" rating for the company in a report on Tuesday, December 3rd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Ziff Davis has a consensus rating of "Moderate Buy" and an average price target of $69.71.

Ziff Davis Price Performance

NASDAQ ZD traded down $1.96 during trading hours on Friday, reaching $47.93. 394,346 shares of the company's stock were exchanged, compared to its average volume of 301,945. The stock has a market cap of $2.05 billion, a PE ratio of 40.62 and a beta of 1.36. Ziff Davis, Inc. has a one year low of $37.76 and a one year high of $70.02. The firm has a fifty day moving average of $53.95 and a 200-day moving average of $51.14. The company has a current ratio of 1.42, a quick 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.