14,689 Shares in Ziff Davis, Inc. (NASDAQ:ZD) Acquired by Blueshift Asset Management LLC

Key Points

• Blueshift Asset Management LLC acquired 14,689 shares of Ziff Davis, Inc., totaling approximately $552,000 in the first quarter.
• Ziff Davis has seen significant interest from institutional investors, with holdings increasing by 8.5% to 21.9% across various firms during the fourth quarter.
• Wall Street analysts have expressed mixed views, with an average target price of $47.00, and ratings spanning from "buy" to "hold."

Blueshift Asset Management LLC bought a new position in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,689 shares of the technology company's stock, valued at approximately $552,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Janus Henderson Group PLC boosted its holdings in Ziff Davis by 8.5% during the fourth quarter. Janus Henderson Group PLC now owns 3,487,495 shares of the technology company's stock worth $189,512,000 after buying an additional 272,895 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Ziff Davis by 12.4% in the 4th quarter. Legal & General Group Plc now owns 2,425,947 shares of the technology company's stock valued at $131,826,000 after acquiring an additional 267,436 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Ziff Davis by 5.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,412,780 shares of the technology company's stock valued at $131,112,000 after acquiring an additional 118,979 shares in the last quarter. CDAM UK Ltd lifted its position in shares of Ziff Davis by 16.6% in the 4th quarter. CDAM UK Ltd now owns 1,492,860 shares of the technology company's stock valued at $81,122,000 after acquiring an additional 213,071 shares in the last quarter. Finally, Rice Hall James & Associates LLC lifted its position in shares of Ziff Davis by 21.9% in the 1st quarter. Rice Hall James & Associates LLC now owns 601,573 shares of the technology company's stock valued at $22,607,000 after acquiring an additional 108,101 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ZD. Barclays cut their target price on shares of Ziff Davis from $48.00 to $34.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 13th. UBS Group set a $40.00 target price on shares of Ziff Davis and gave the stock a "neutral" rating in a research report on Wednesday, May 14th. Citigroup cut their target price on shares of Ziff Davis from $52.00 to $35.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Wall Street Zen downgraded shares of Ziff Davis from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Finally, JPMorgan Chase & Co. downgraded shares of Ziff Davis from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $60.00 to $33.00 in a research report on Tuesday, April 22nd. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $47.00.

Ziff Davis Price Performance

Shares of Ziff Davis stock traded down $1.63 during trading on Friday, hitting $29.49. 700,899 shares of the company's stock traded hands, compared to its average volume of 513,784. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.52 and a quick ratio of 1.52. The firm's fifty day moving average price is $31.94 and its 200 day moving average price is $37.55. Ziff Davis, Inc. has a twelve month low of $28.55 and a twelve month high of $60.62. The company has a market cap of $1.24 billion, a PE ratio of 17.87 and a beta of 1.63.

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.