Ziff Davis, Inc. (NASDAQ:ZD) Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC cut its stake in Ziff Davis, Inc. (NASDAQ:ZD) by 47.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,257 shares of the technology company’s stock after selling 23,463 shares during the period. MetLife Investment Management LLC’s holdings in Ziff Davis were worth $1,278,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD increased its stake in Ziff Davis by 3.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,316 shares of the technology company’s stock valued at $1,849,000 after purchasing an additional 995 shares during the last quarter. QRG Capital Management Inc. increased its stake in Ziff Davis by 3.3% during the second quarter. QRG Capital Management Inc. now owns 18,213 shares of the technology company’s stock valued at $1,003,000 after purchasing an additional 590 shares during the last quarter. SG Americas Securities LLC increased its stake in Ziff Davis by 142.3% during the second quarter. SG Americas Securities LLC now owns 11,745 shares of the technology company’s stock valued at $647,000 after purchasing an additional 6,897 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in Ziff Davis during the second quarter valued at $221,000. Finally, Wedge Capital Management L L P NC increased its stake in Ziff Davis by 31.3% during the second quarter. Wedge Capital Management L L P NC now owns 27,493 shares of the technology company’s stock valued at $1,513,000 after purchasing an additional 6,546 shares during the last quarter. 99.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ZD has been the subject of several recent research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 target price on shares of Ziff Davis in a research note on Friday, September 6th. Citigroup lowered their price target on shares of Ziff Davis from $52.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Barclays upped their price target 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, UBS Group lowered their price target on shares of Ziff Davis from $76.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.71.

Ziff Davis Stock Performance

Shares of ZD opened at $58.38 on Friday. The firm has a 50-day moving average price of $51.09 and a 200 day moving average price of $50.47. The firm has a market capitalization of $2.50 billion, a PE ratio of 49.47 and a beta of 1.35. 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.