Burney Co. lessened its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZD – Free Report) by 6.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,340 shares of the technology company’s stock after selling 1,150 shares during the period. Burney Co.’s holdings in Ziff Davis were worth $1,145,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Zions Bancorporation N.A. acquired a new stake in Ziff Davis in the first quarter valued at approximately $25,000. Allworth Financial LP increased its position in Ziff Davis by 37.5% in the 2nd quarter. Allworth Financial LP now owns 495 shares of the technology company’s stock valued at $35,000 after acquiring an additional 135 shares during the period. Captrust Financial Advisors bought a new stake in shares of Ziff Davis in the 1st quarter valued at about $100,000. Point72 Middle East FZE bought a new stake in shares of Ziff Davis in the 4th quarter valued at about $129,000. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Ziff Davis by 11.0% in the third quarter. Public Employees Retirement System of Ohio now owns 1,930 shares of the technology company’s stock valued at $132,000 after buying an additional 191 shares during the period. Institutional investors and hedge funds own 99.59% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on ZD shares. Royal Bank of Canada restated an “outperform” rating and issued a $95.00 target price on shares of Ziff Davis in a report on Wednesday, August 9th. UBS Group reduced their price objective on shares of Ziff Davis from $81.00 to $71.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, Susquehanna cut their target price on shares of Ziff Davis from $120.00 to $90.00 and set a “positive” rating on the stock in a research note on Friday, November 10th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $83.71.
Ziff Davis Stock Performance
NASDAQ ZD opened at $64.55 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.54 and a current ratio of 2.54. The company has a market capitalization of $2.97 billion, a PE ratio of 74.20 and a beta of 1.21. The company has a 50-day simple moving average of $62.95 and a 200 day simple moving average of $65.91. Ziff Davis, Inc. has a 52-week low of $57.97 and a 52-week high of $94.58.
About Ziff Davis
Ziff Davis, Inc provides internet information and services in the United States, Canada, Ireland, and internationally. It operates in two segments, Digital Media, and Cybersecurity and Martech. The Digital Media segment operates a portfolio of web properties and apps, which include IGN, RetailMeNot, Mashable, PCMag, Humble Bundle, Speedtest, Offers.com, Black Friday, MedPageToday, Everyday Health, BabyCenter, and What to Expect, among others in the technology, shopping, entertainment, and health and wellness markets.
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