Franklin Resources Inc. Makes New $986,000 Investment in Ziff Davis, Inc. (NASDAQ:ZD)

Franklin Resources Inc. bought a new stake in Ziff Davis, Inc. (NASDAQ:ZD) during the 3rd quarter, HoldingsChannel.com reports. The firm bought 21,556 shares of the technology company’s stock, valued at approximately $986,000.

Other institutional investors have also recently made changes to their positions in the company. Rothschild Investment LLC purchased a new stake in Ziff Davis during the 2nd quarter valued at about $25,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Ziff Davis during the 3rd quarter worth approximately $37,000. Quest Partners LLC purchased a new stake in shares of Ziff Davis in the second quarter valued at approximately $38,000. TD Private Client Wealth LLC increased its holdings in shares of Ziff Davis by 19.2% in the third quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company’s stock valued at $75,000 after purchasing an additional 249 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new position in Ziff Davis during the second quarter worth approximately $93,000. 99.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ZD shares. UBS Group cut their target price on Ziff Davis from $76.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, December 3rd. Barclays raised 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 report on Monday, November 11th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 target price on shares of Ziff Davis in a report on Friday, September 6th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $69.71.

Ziff Davis Price Performance

Ziff Davis stock opened at $55.36 on Friday. The company’s 50 day simple moving average is $54.53 and its 200-day simple moving average is $50.57. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. Ziff Davis, Inc. has a 1 year low of $37.76 and a 1 year high of $70.90. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 46.92 and a beta of 1.35.

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.