Ziff Davis, Inc. (NASDAQ:ZD) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lessened its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 54.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,023 shares of the technology company’s stock after selling 29,589 shares during the period. The Manufacturers Life Insurance Company’s holdings in Ziff Davis were worth $1,218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in shares of Ziff Davis by 14.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,057,314 shares of the technology company’s stock worth $113,255,000 after buying an additional 257,056 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Ziff Davis by 9.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 695,542 shares of the technology company’s stock worth $33,845,000 after purchasing an additional 60,472 shares during the last quarter. Rice Hall James & Associates LLC grew its position in shares of Ziff Davis by 11.0% in the third quarter. Rice Hall James & Associates LLC now owns 501,313 shares of the technology company’s stock valued at $24,394,000 after purchasing an additional 49,510 shares in the last quarter. Retirement Systems of Alabama boosted its stake in Ziff Davis by 21.4% during the second quarter. Retirement Systems of Alabama now owns 360,030 shares of the technology company’s stock worth $19,820,000 after buying an additional 63,458 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in 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 buying an additional 228,257 shares in the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on ZD. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 target price on shares of Ziff Davis in a research note on Friday, September 6th. Barclays lifted 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 note on Monday, November 11th. Finally, UBS Group decreased 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. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $69.71.

Ziff Davis Price Performance

ZD stock opened at $59.19 on Thursday. Ziff Davis, Inc. has a twelve month low of $37.76 and a twelve month high of $70.90. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $2.53 billion, a P/E ratio of 50.16 and a beta of 1.35. The business has a 50 day simple moving average of $51.76 and a 200-day simple moving average of $50.51.

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.