Mountain Pacific Investment Advisers LLC Sells 78,019 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Mountain Pacific Investment Advisers LLC lowered its position in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 48.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,163 shares of the technology company's stock after selling 78,019 shares during the quarter. Mountain Pacific Investment Advisers LLC owned 0.19% of Ziff Davis worth $3,088,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB increased its position in shares of Ziff Davis by 22.4% in the 4th quarter. Handelsbanken Fonder AB now owns 12,016 shares of the technology company's stock worth $653,000 after purchasing an additional 2,200 shares during the last quarter. First Horizon Advisors Inc. increased its position in shares of Ziff Davis by 42.9% in the 4th quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company's stock worth $47,000 after purchasing an additional 260 shares during the last quarter. Illinois Municipal Retirement Fund bought a new stake in shares of Ziff Davis in the 4th quarter worth about $1,283,000. Proficio Capital Partners LLC bought a new stake in shares of Ziff Davis in the 4th quarter worth about $1,426,000. Finally, Versor Investments LP bought a new stake in shares of Ziff Davis in the 4th quarter worth about $368,000. Institutional investors and hedge funds own 99.76% of the company's stock.

Ziff Davis Trading Up 0.4%

Shares of ZD stock traded up $0.14 during trading hours on Thursday, reaching $31.72. 388,091 shares of the stock traded hands, compared to its average volume of 532,726. Ziff Davis, Inc. has a 1-year low of $29.15 and a 1-year high of $60.62. The business has a fifty day moving average price of $31.82 and a 200 day moving average price of $43.14. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $1.34 billion, a PE ratio of 19.22 and a beta of 1.60.

Wall Street Analysts Forecast Growth

ZD has been the subject of several recent analyst reports. Susquehanna decreased their target price 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. Citigroup decreased 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. JPMorgan Chase & Co. cut shares of Ziff Davis from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $60.00 to $33.00 in a research report on Tuesday, April 22nd. Barclays decreased 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. Finally, 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. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $47.00.

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.