Nordea Investment Management AB Cuts Stock Holdings in Ziff Davis, Inc. (NASDAQ:ZD)

Nordea Investment Management AB lessened its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 4.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,014,491 shares of the technology company’s stock after selling 45,555 shares during the quarter. Nordea Investment Management AB’s holdings in Ziff Davis were worth $55,868,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Arizona State Retirement System boosted its stake in shares of Ziff Davis by 2.2% in the second quarter. Arizona State Retirement System now owns 12,913 shares of the technology company’s stock valued at $711,000 after buying an additional 275 shares in the last quarter. Quest Partners LLC acquired a new stake in Ziff Davis in the second quarter valued at $38,000. Choreo LLC purchased a new stake in shares of Ziff Davis during the 2nd quarter worth $371,000. Texas Permanent School Fund Corp grew its stake in shares of Ziff Davis by 3.0% during the 2nd quarter. Texas Permanent School Fund Corp now owns 41,434 shares of the technology company’s stock worth $2,281,000 after purchasing an additional 1,188 shares during the period. Finally, Headlands Technologies LLC increased its holdings in shares of Ziff Davis by 50.8% in the 2nd quarter. Headlands Technologies LLC now owns 10,051 shares of the technology company’s stock valued at $553,000 after purchasing an additional 3,386 shares in the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ZD. Barclays upped their target price 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. UBS Group lowered their price target on Ziff Davis from $76.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, December 3rd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $69.71.

Ziff Davis Trading Down 2.6 %

Shares of ZD opened at $53.37 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. Ziff Davis, Inc. has a 1-year low of $37.76 and a 1-year high of $70.90. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 45.23 and a beta of 1.36. The firm has a 50 day simple moving average of $55.65 and a 200-day simple moving average of $50.50.

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.