Brave Asset Management Inc. grew its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 11.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 406,495 shares of the technology company's stock after purchasing an additional 42,968 shares during the period. Ziff Davis comprises 4.8% of Brave Asset Management Inc.'s holdings, making the stock its 6th largest holding. Brave Asset Management Inc. owned 0.95% of Ziff Davis worth $15,276,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its stake in Ziff Davis by 9,236.2% during the first quarter. GAMMA Investing LLC now owns 26,795 shares of the technology company's stock worth $1,007,000 after purchasing an additional 26,508 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Ziff Davis by 34.2% in the 4th quarter. Wellington Management Group LLP now owns 443,707 shares of the technology company's stock valued at $24,111,000 after purchasing an additional 113,157 shares in the last quarter. Mackenzie Financial Corp acquired a new position in Ziff Davis during the 4th quarter worth approximately $755,000. Western Wealth Management LLC bought a new position in Ziff Davis in the 4th quarter valued at approximately $217,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Ziff Davis by 17.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 156,960 shares of the technology company's stock valued at $8,529,000 after acquiring an additional 23,623 shares in the last quarter. 99.76% of the stock is owned by institutional investors and hedge funds.
Ziff Davis Trading Up 1.0%
Shares of NASDAQ:ZD traded up $0.34 during mid-day trading on Friday, hitting $33.15. The company had a trading volume of 294,797 shares, compared to its average volume of 528,051. 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 one year low of $29.15 and a one year high of $60.62. The firm has a fifty day moving average price of $32.18 and a 200 day moving average price of $44.69. The company has a market capitalization of $1.40 billion, a PE ratio of 28.10 and a beta of 1.60.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on ZD. Susquehanna lowered their price objective on Ziff Davis from $80.00 to $45.00 and set a "positive" rating for the company in a research report on Monday, May 12th. JPMorgan Chase & Co. cut shares of Ziff Davis from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $60.00 to $33.00 in a research report on Tuesday, April 22nd. Barclays lowered 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 note on Tuesday, May 13th. Citigroup cut their price target on shares of Ziff Davis from $52.00 to $35.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Finally, UBS Group set a $40.00 price target on Ziff Davis and gave the stock a "neutral" rating in a report on Wednesday, May 14th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $47.00.
Read Our Latest Stock Analysis on ZD
About Ziff Davis
(
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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