State Street Corp Has $91.06 Million Stake in Ziff Davis, Inc. (NASDAQ:ZD)

State Street Corp trimmed its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 85.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,871,318 shares of the technology company’s stock after selling 10,641,205 shares during the period. State Street Corp owned 4.38% of Ziff Davis worth $91,058,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Rothschild Investment LLC bought a new position in shares of Ziff Davis during the second quarter worth approximately $25,000. Quest Partners LLC bought a new position in shares of Ziff Davis during the second quarter worth approximately $38,000. Innealta Capital LLC bought a new position in shares of Ziff Davis during the second quarter worth approximately $75,000. Blue Trust Inc. increased its stake in shares of Ziff Davis by 72.4% during the second 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 period. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of Ziff Davis during the second quarter worth approximately $93,000. 99.76% of the stock is owned by institutional investors and hedge funds.

Ziff Davis Trading Up 0.3 %

Shares of ZD opened at $57.90 on Tuesday. Ziff Davis, Inc. has a 52-week low of $37.76 and a 52-week high of $70.90. The business’s fifty day moving average is $52.60 and its 200-day moving average is $50.53. 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 cap of $2.47 billion, a price-to-earnings ratio of 49.07 and a beta of 1.35.

Wall Street Analyst Weigh In

ZD has been the topic of a number of recent research reports. Barclays increased their target price 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. UBS Group lowered their price objective on Ziff Davis from $76.00 to $65.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 3rd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $95.00 price objective on shares of Ziff Davis in a research note 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.71.

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.