Fmr LLC Has $24.24 Million Stock Position in Ziff Davis, Inc. (NASDAQ:ZD)

Fmr LLC lowered its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 51.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 498,107 shares of the technology company’s stock after selling 520,073 shares during the period. Fmr LLC’s holdings in Ziff Davis were worth $24,238,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in ZD. Victory Capital Management Inc. lifted its position in shares of Ziff Davis by 69.8% during the 3rd quarter. Victory Capital Management Inc. now owns 53,905 shares of the technology company’s stock worth $2,623,000 after purchasing an additional 22,155 shares during the last quarter. Empowered Funds LLC acquired a new position in Ziff Davis during the third quarter worth $7,210,000. Rice Hall James & Associates LLC boosted its position in Ziff Davis by 11.0% in the third quarter. Rice Hall James & Associates LLC now owns 501,313 shares of the technology company’s stock valued at $24,394,000 after buying an additional 49,510 shares in the last quarter. Principal Financial Group Inc. grew its position in Ziff Davis by 36.4% during the 3rd quarter. Principal Financial Group Inc. now owns 210,989 shares of the technology company’s stock worth $10,267,000 after acquiring an additional 56,352 shares during the last quarter. Finally, Intech Investment Management LLC lifted its position in Ziff Davis by 213.6% during the 3rd quarter. Intech Investment Management LLC now owns 12,689 shares of the technology company’s stock worth $617,000 after buying an additional 8,643 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Ziff Davis Price Performance

Ziff Davis stock opened at $58.76 on Tuesday. The stock has a 50-day moving average price of $51.30 and a two-hundred day moving average price of $50.43. Ziff Davis, Inc. has a 12 month low of $37.76 and a 12 month high of $70.90. The company has a market capitalization of $2.51 billion, a PE ratio of 49.80 and a beta of 1.35. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada restated an “outperform” rating and set a $95.00 target price on shares of Ziff Davis in a research report on Friday, September 6th. UBS Group decreased their price objective on Ziff Davis from $76.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday, December 3rd. Finally, Barclays lifted their price target on Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $69.71.

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.