Brave Asset Management Inc. raised its stake in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 11.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 406,495 shares of the technology company's stock after buying an additional 42,968 shares during the quarter. Ziff Davis comprises about 4.8% of Brave Asset Management Inc.'s investment portfolio, making the stock its 6th biggest holding. Brave Asset Management Inc. owned about 0.95% of Ziff Davis worth $15,276,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Janus Henderson Group PLC increased its position 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 valued at $189,512,000 after acquiring an additional 272,895 shares during the last quarter. Legal & General Group Plc increased its position in Ziff Davis by 12.4% during the fourth 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 during the last quarter. Dimensional Fund Advisors LP increased its position in Ziff Davis by 5.2% during the fourth 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 during the last quarter. CDAM UK Ltd increased its position in Ziff Davis by 16.6% during the fourth 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Ziff Davis by 9.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 757,944 shares of the technology company's stock valued at $41,187,000 after purchasing an additional 62,402 shares during the period. Hedge funds and other institutional investors own 99.76% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the company. Citigroup cut their price target on Ziff Davis from $52.00 to $35.00 and set a "neutral" rating for the company in a report on Friday, April 25th. JPMorgan Chase & Co. lowered Ziff Davis from an "overweight" rating to a "neutral" rating and cut their price target for the company from $60.00 to $33.00 in a report on Tuesday, April 22nd. UBS Group set a $40.00 price target on Ziff Davis and gave the company a "neutral" rating in a report on Wednesday, May 14th. Barclays cut their price target on Ziff Davis from $48.00 to $34.00 and set an "equal weight" rating for the company in a report on Tuesday, May 13th. Finally, Susquehanna dropped their price objective on Ziff Davis from $80.00 to $45.00 and set a "positive" rating for the company in a research note on Monday, May 12th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Ziff Davis currently has a consensus rating of "Hold" and an average price target of $47.00.
Check Out Our Latest Research Report on Ziff Davis
Ziff Davis Price Performance
Ziff Davis stock traded up $0.49 during midday trading on Friday, reaching $33.30. 501,092 shares of the stock traded hands, compared to its average volume of 530,193. The stock's fifty day moving average is $32.09 and its 200-day moving average is $44.45. Ziff Davis, Inc. has a 12 month low of $29.15 and a 12 month high of $60.62. The stock has a market cap of $1.40 billion, a P/E ratio of 28.22 and a beta of 1.60. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49.
About Ziff Davis
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Free Report)
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.
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