GSA Capital Partners LLP bought a new position in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 65,980 shares of the technology company's stock, valued at approximately $2,480,000. GSA Capital Partners LLP owned 0.15% of Ziff Davis at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Mackenzie Financial Corp raised its position in shares of Ziff Davis by 59.9% during the first quarter. Mackenzie Financial Corp now owns 22,204 shares of the technology company's stock valued at $834,000 after buying an additional 8,315 shares during the last quarter. Bryce Point Capital LLC acquired a new position in shares of Ziff Davis during the first quarter valued at about $1,003,000. Legato Capital Management LLC raised its position in shares of Ziff Davis by 3.4% during the first quarter. Legato Capital Management LLC now owns 19,649 shares of the technology company's stock valued at $738,000 after buying an additional 644 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Ziff Davis during the first quarter valued at about $2,421,000. Finally, Allianz Asset Management GmbH raised its position in shares of Ziff Davis by 30.5% during the first quarter. Allianz Asset Management GmbH now owns 182,312 shares of the technology company's stock valued at $6,851,000 after buying an additional 42,645 shares during the last quarter. Institutional investors own 99.76% of the company's stock.
Ziff Davis Price Performance
Shares of NASDAQ ZD traded down $1.59 during mid-day trading on Friday, hitting $29.53. 453,968 shares of the stock were exchanged, compared to its average volume of 531,016. The company has a market cap of $1.24 billion, a P/E ratio of 17.90 and a beta of 1.58. The stock's fifty day simple moving average is $31.97 and its two-hundred day simple moving average is $37.94. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.52 and a current ratio of 1.52. Ziff Davis, Inc. has a twelve month low of $28.55 and a twelve month high of $60.62.
Analysts Set New Price Targets
ZD has been the subject of a number of research analyst reports. UBS Group set a $40.00 price objective on shares of Ziff Davis and gave the company a "neutral" rating in a research report on Wednesday, May 14th. JPMorgan Chase & Co. lowered shares of Ziff Davis from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $60.00 to $33.00 in a research report on Tuesday, April 22nd. Susquehanna dropped their price target on shares of Ziff Davis from $80.00 to $45.00 and set a "positive" rating for the company in a research report on Monday, May 12th. Barclays dropped their price target 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. Finally, Citigroup dropped their price target 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. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $47.00.
Read Our Latest Stock Analysis on ZD
Ziff Davis Company Profile
(
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.
Read More

Before you consider Ziff Davis, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ziff Davis wasn't on the list.
While Ziff Davis currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.