Ziff Davis, Inc. (NASDAQ:ZD) Stock Position Trimmed by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 96.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,801 shares of the technology company's stock after selling 300,265 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Ziff Davis were worth $526,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Rothschild Investment LLC purchased a new position in shares of Ziff Davis in the 2nd quarter worth $25,000. Quest Partners LLC acquired a new stake in Ziff Davis during the second quarter worth about $38,000. Innealta Capital LLC purchased a new position in shares of Ziff Davis in the 2nd quarter worth about $75,000. Blue Trust Inc. lifted its stake in shares of Ziff Davis by 72.4% in the 2nd quarter. Blue Trust Inc. now owns 1,686 shares of the technology company's stock valued at $93,000 after purchasing an additional 708 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Ziff Davis during the 2nd quarter worth about $93,000. Institutional investors and hedge funds own 99.76% of the company's stock.

Analysts Set New Price Targets

ZD has been the topic of several recent research reports. 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. UBS Group cut their price objective on Ziff Davis from $76.00 to $65.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 3rd. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $95.00 target price on shares of Ziff Davis in a research report on Friday, September 6th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $69.71.

Ziff Davis Stock Performance

NASDAQ:ZD traded up $0.66 during trading hours on Friday, reaching $58.38. 245,361 shares of the stock were exchanged, compared to its average volume of 465,454. The stock has a market capitalization of $2.50 billion, a P/E ratio of 49.47 and a beta of 1.35. The firm has a 50 day simple moving average of $51.09 and a 200-day simple moving average of $50.43. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. Ziff Davis, Inc. has a 52 week low of $37.76 and a 52 week high of $70.90.

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.