KBC Group NV Has $95,000 Position in Ziff Davis, Inc. (NASDAQ:ZD)

KBC Group NV decreased its position in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 99.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,948 shares of the technology company's stock after selling 199,488 shares during the quarter. KBC Group NV's holdings in Ziff Davis were worth $95,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ZD. Rothschild Investment LLC acquired a new stake in Ziff Davis in the 2nd quarter worth approximately $25,000. Quest Partners LLC acquired a new position in Ziff Davis in the 2nd quarter valued at $38,000. Innealta Capital LLC bought a new position in Ziff Davis in the 2nd quarter worth $75,000. Blue Trust Inc. lifted 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 acquiring an additional 708 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in Ziff Davis during the 2nd quarter valued at approximately $93,000. Institutional investors own 99.76% of the company's stock.

Ziff Davis Trading Up 1.8 %

Ziff Davis stock traded up $1.02 during trading hours on Friday, reaching $58.24. 561,712 shares of the company's stock traded hands, compared to its average volume of 460,821. Ziff Davis, Inc. has a fifty-two week low of $37.76 and a fifty-two week high of $70.90. The firm's 50 day moving average is $49.26 and its 200-day moving average is $50.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 49.36 and a beta of 1.29.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $95.00 price target on shares of Ziff Davis in a report on Friday, September 6th. Citigroup dropped 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. Finally, Barclays increased their price objective 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. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $71.29.

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.