Ziff Davis, Inc. (NASDAQ:ZD) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. increased its holdings in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 69.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 53,905 shares of the technology company's stock after acquiring an additional 22,155 shares during the period. Victory Capital Management Inc. owned approximately 0.12% of Ziff Davis worth $2,623,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Rothschild Investment LLC acquired a new stake in shares of Ziff Davis during the second quarter valued at about $25,000. Quest Partners LLC purchased a new position in shares of Ziff Davis during the 2nd quarter worth approximately $38,000. Innealta Capital LLC acquired a new stake in Ziff Davis in the 2nd quarter valued at approximately $75,000. Blue Trust Inc. raised its position in Ziff Davis by 72.4% in the second quarter. Blue Trust Inc. now owns 1,686 shares of the technology company's stock valued at $93,000 after purchasing an additional 708 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new position in Ziff Davis during the second quarter worth $93,000. Institutional investors and hedge funds own 99.76% of the company's stock.

Analysts Set New Price Targets

ZD has been the topic of a number of recent research reports. Barclays boosted their price target on shares of Ziff Davis from $44.00 to $61.00 and gave the stock an "equal weight" rating in a research note on Monday, November 11th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $95.00 target price on shares of Ziff Davis in a research note on Friday, September 6th. Finally, Citigroup decreased their price target on shares of Ziff Davis from $52.00 to $47.00 and set a "neutral" rating for the company in a research report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $71.29.

Ziff Davis Stock Performance

NASDAQ ZD traded up $1.02 during trading hours on Friday, hitting $58.24. The company had a trading volume of 561,712 shares, compared to its average volume of 460,821. The business has a 50 day moving average of $49.44 and a 200-day moving average of $50.23. The company has a market cap of $2.49 billion, a PE ratio of 49.36 and a beta of 1.29. Ziff Davis, Inc. has a 1-year low of $37.76 and a 1-year high of $70.90. 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 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.