MetLife Investment Management LLC Decreases Stock Position in Ziff Davis, Inc. (NASDAQ:ZD)

MetLife Investment Management LLC decreased its stake in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 47.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,257 shares of the technology company's stock after selling 23,463 shares during the quarter. MetLife Investment Management LLC owned approximately 0.06% of Ziff Davis worth $1,278,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in Ziff Davis by 14.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,057,314 shares of the technology company's stock worth $113,255,000 after buying an additional 257,056 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Ziff Davis by 9.5% during 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 purchasing an additional 60,472 shares during the period. Rice Hall James & Associates LLC lifted its holdings in Ziff Davis by 11.0% in the 3rd 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 in the last quarter. Retirement Systems of Alabama boosted its stake in Ziff Davis by 21.4% in the 2nd quarter. Retirement Systems of Alabama now owns 360,030 shares of the technology company's stock worth $19,820,000 after purchasing an additional 63,458 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of Ziff Davis by 453.7% during the second quarter. AQR Capital Management LLC now owns 278,564 shares of the technology company's stock valued at $15,204,000 after buying an additional 228,257 shares during the last quarter. Institutional investors own 99.76% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on ZD shares. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $95.00 price objective on shares of Ziff Davis in a research note on Friday, September 6th. UBS Group decreased their price target on shares of Ziff Davis from $76.00 to $65.00 and set a "neutral" rating on the stock in a research note on Tuesday. Barclays lifted their price objective 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. Finally, Citigroup dropped their price target on 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 research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $69.71.

Ziff Davis Stock Performance

Shares of NASDAQ ZD traded up $0.66 during trading on Friday, reaching $58.38. 245,361 shares of the company traded hands, compared to its average volume of 465,454. The stock has a market cap of $2.50 billion, a P/E ratio of 49.47 and a beta of 1.35. The firm's fifty day simple moving average is $51.09 and its 200 day simple moving average is $50.47. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49. Ziff Davis, Inc. has a 12-month low of $37.76 and a 12-month high of $70.90.

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.