Principal Financial Group Inc. Grows Position in Ziff Davis, Inc. (NASDAQ:ZD)

Principal Financial Group Inc. increased its stake in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 36.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,989 shares of the technology company's stock after acquiring an additional 56,352 shares during the quarter. Principal Financial Group Inc. owned about 0.47% of Ziff Davis worth $10,267,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rothschild Investment LLC purchased a new position in Ziff Davis during the 2nd quarter worth $25,000. Quest Partners LLC purchased a new position in Ziff Davis during the 2nd quarter worth $38,000. Innealta Capital LLC purchased a new position in Ziff Davis during the 2nd quarter worth $75,000. Blue Trust Inc. grew its position in Ziff Davis by 72.4% during the 2nd quarter. Blue Trust Inc. now owns 1,686 shares of the technology company's stock worth $93,000 after purchasing an additional 708 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new position in Ziff Davis during the 2nd quarter worth $93,000. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ZD. Citigroup lowered their target price on shares of Ziff Davis from $52.00 to $47.00 and set a "neutral" rating on the stock in a report on Friday, August 9th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $95.00 target price on shares of Ziff Davis in a report on Friday, September 6th. Finally, Barclays lifted their target price on shares of Ziff Davis from $44.00 to $61.00 and gave the company an "equal weight" rating in a report on Monday, November 11th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Ziff Davis has an average rating of "Moderate Buy" and a consensus target price of $71.29.

Ziff Davis Price Performance

ZD traded down $0.43 during midday trading on Tuesday, reaching $55.46. 303,530 shares of the company's stock were exchanged, compared to its average volume of 437,747. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market capitalization of $2.37 billion, a PE ratio of 47.00 and a beta of 1.29. The business's 50-day moving average price is $48.90 and its 200 day moving average price is $50.18. Ziff Davis, Inc. has a 1-year low of $37.76 and a 1-year high of $70.90.

Ziff Davis Company 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.