Geode Capital Management LLC Boosts Stake in Ziff Davis, Inc. (NASDAQ:ZD)

Geode Capital Management LLC boosted its position in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 3.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,274,762 shares of the technology company's stock after acquiring an additional 36,863 shares during the period. Geode Capital Management LLC owned 2.98% of Ziff Davis worth $62,040,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Rothschild Investment LLC bought a new position in Ziff Davis in the 2nd quarter valued at about $25,000. Quest Partners LLC purchased a new stake in shares of Ziff Davis in the second quarter worth approximately $38,000. Innealta Capital LLC bought a new position in shares of Ziff Davis in the second quarter valued at approximately $75,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Ziff Davis during the second quarter valued at approximately $93,000. Finally, Meeder Asset Management Inc. bought a new stake in Ziff Davis during the second quarter worth $133,000. Institutional investors and hedge funds own 99.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and set a $95.00 price objective on shares of Ziff Davis in a report on Friday, September 6th. Barclays boosted their target price on Ziff Davis from $44.00 to $61.00 and gave the stock an "equal weight" rating in a research note on Monday, November 11th. Finally, UBS Group dropped their price target on Ziff Davis from $76.00 to $65.00 and set a "neutral" rating on the stock in a report on Tuesday, December 3rd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Ziff Davis currently has a consensus rating of "Moderate Buy" and an average target price of $69.71.

Ziff Davis Stock Performance

Shares of NASDAQ ZD traded up $0.21 during trading on Friday, reaching $56.17. 2,326,186 shares of the stock traded hands, compared to its average volume of 444,909. The company has a 50-day moving average of $53.58 and a 200-day moving average of $50.56. Ziff Davis, Inc. has a 52-week low of $37.76 and a 52-week high of $70.90. The stock has a market capitalization of $2.40 billion, a P/E ratio of 47.60 and a beta of 1.35. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick 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.