Mackenzie Financial Corp bought a new position in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,889 shares of the technology company's stock, valued at approximately $755,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Western Wealth Management LLC acquired a new stake in shares of Ziff Davis in the fourth quarter valued at approximately $217,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in 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 purchasing an additional 23,623 shares in the last quarter. Sherbrooke Park Advisers LLC grew its holdings in Ziff Davis by 10.9% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 5,369 shares of the technology company's stock valued at $292,000 after purchasing an additional 527 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Ziff Davis by 0.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,112 shares of the technology company's stock valued at $1,365,000 after purchasing an additional 216 shares in the last quarter. Finally, Invenomic Capital Management LP grew its holdings in Ziff Davis by 26.6% during the 4th quarter. Invenomic Capital Management LP now owns 128,120 shares of the technology company's stock worth $6,962,000 after acquiring an additional 26,944 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the stock. Citigroup reduced 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. JPMorgan Chase & Co. downgraded shares of Ziff Davis from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $60.00 to $33.00 in a research report on Tuesday, April 22nd. Susquehanna lowered their price objective on shares of Ziff Davis from $80.00 to $45.00 and set a "positive" rating on the stock in a research report on Monday, May 12th. Barclays reduced 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. Finally, UBS Group set a $40.00 price objective on shares of Ziff Davis and gave the stock a "neutral" rating in a research note on Wednesday, May 14th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $47.00.
Read Our Latest Report on ZD
Ziff Davis Stock Performance
Shares of Ziff Davis stock traded up $0.12 on Thursday, reaching $32.81. The stock had a trading volume of 565,308 shares, compared to its average volume of 528,821. Ziff Davis, Inc. has a fifty-two week low of $29.15 and a fifty-two week high of $60.62. The business's 50-day moving average price is $32.18 and its two-hundred day moving average price is $44.69. The stock has a market cap of $1.38 billion, a P/E ratio of 27.81 and a beta of 1.60. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42.
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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