Retirement Systems of Alabama cut its position in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 22.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 280,149 shares of the technology company's stock after selling 79,881 shares during the period. Retirement Systems of Alabama owned approximately 0.66% of Ziff Davis worth $13,632,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its holdings in shares of Ziff Davis by 2.0% in 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 during the period. Dimensional Fund Advisors LP increased its position in Ziff Davis by 14.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,057,314 shares of the technology company's stock valued at $113,255,000 after acquiring an additional 257,056 shares during the last quarter. Geode Capital Management LLC lifted its stake in Ziff Davis by 3.0% in the third quarter. Geode Capital Management LLC now owns 1,274,762 shares of the technology company's stock worth $62,040,000 after purchasing an additional 36,863 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Ziff Davis by 9.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 695,542 shares of the technology company's stock valued at $33,845,000 after acquiring an additional 60,472 shares during the last quarter. Finally, Rice Hall James & Associates LLC lifted its position in shares of Ziff Davis by 11.0% during the third quarter. Rice Hall James & Associates LLC now owns 501,313 shares of the technology company's stock worth $24,394,000 after purchasing an additional 49,510 shares during the last quarter. 99.76% of the stock is owned by institutional investors.
Ziff Davis Stock Performance
NASDAQ ZD traded up $0.15 on Monday, hitting $57.90. 632,085 shares of the company's stock traded hands, compared to its average volume of 433,230. The firm has a market capitalization of $2.47 billion, a PE ratio of 49.07 and a beta of 1.35. Ziff Davis, Inc. has a 1-year low of $37.76 and a 1-year high of $70.90. The firm's 50-day moving average price is $52.60 and its two-hundred day moving average price is $50.53. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49.
Analyst Ratings Changes
A number of analysts recently issued reports on ZD shares. Barclays boosted 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. Royal Bank of Canada reissued an "outperform" rating and set a $95.00 price target on shares of Ziff Davis in a research report on Friday, September 6th. Finally, UBS Group decreased their price objective 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 issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $69.71.
Read Our Latest Report on Ziff Davis
About Ziff Davis
(
Free Report)
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.
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