Wilmington Savings Fund Society FSB Makes New $37,000 Investment in Ziff Davis, Inc. (NASDAQ:ZD)

Wilmington Savings Fund Society FSB purchased a new stake in Ziff Davis, Inc. (NASDAQ:ZD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 754 shares of the technology company’s stock, valued at approximately $37,000.

Several other hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in Ziff Davis by 14.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,057,314 shares of the technology company’s stock worth $113,255,000 after acquiring an additional 257,056 shares during the period. AQR Capital Management LLC lifted its stake in shares of Ziff Davis by 453.7% in the 2nd quarter. AQR Capital Management LLC now owns 278,564 shares of the technology company’s stock valued at $15,204,000 after purchasing an additional 228,257 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of Ziff Davis during the 3rd quarter worth $7,210,000. Public Sector Pension Investment Board acquired a new stake in shares of Ziff Davis during the 3rd quarter worth about $4,618,000. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in Ziff Davis in the 3rd quarter valued at about $4,263,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 price target on shares of Ziff Davis in a research report on Friday, September 6th. Barclays boosted their target price on Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Finally, UBS Group lowered their price target 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. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Ziff Davis currently has a consensus rating of “Moderate Buy” and an average target price of $69.71.

Ziff Davis Stock Up 0.4 %

Ziff Davis stock opened at $56.17 on Monday. The firm has a market capitalization of $2.40 billion, a P/E ratio of 47.60 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. Ziff Davis, Inc. has a twelve month low of $37.76 and a twelve month high of $70.90. The stock’s fifty day simple moving average is $53.58 and its 200-day simple moving average is $50.56.

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.