Mountain Pacific Investment Advisers LLC Trims Stake in Ziff Davis, Inc. (NASDAQ:ZD)

Mountain Pacific Investment Advisers LLC trimmed its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 48.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 about 0.19% of Ziff Davis worth $3,088,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of Ziff Davis by 148.4% in the 1st quarter. GAMMA Investing LLC now owns 713 shares of the technology company's stock valued at $27,000 after acquiring an additional 426 shares during the last quarter. Millstone Evans Group LLC bought a new stake in shares of Ziff Davis in the 4th quarter valued at about $35,000. Quadrant Capital Group LLC lifted its stake in shares of Ziff Davis by 278.9% in the 4th quarter. Quadrant Capital Group LLC now owns 663 shares of the technology company's stock valued at $36,000 after acquiring an additional 488 shares during the last quarter. Summit Securities Group LLC bought a new stake in shares of Ziff Davis in the 4th quarter valued at about $37,000. Finally, First Horizon Advisors Inc. lifted its stake 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 valued at $47,000 after acquiring an additional 260 shares during the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Ziff Davis Stock Down 4.9%

Shares of NASDAQ:ZD opened at $30.78 on Monday. Ziff Davis, Inc. has a 52-week low of $29.15 and a 52-week high of $60.62. The firm has a market capitalization of $1.30 billion, a P/E ratio of 26.08 and a beta of 1.60. The stock has a 50 day moving average price of $31.96 and a 200-day moving average price of $43.49. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ZD shares. UBS Group set a $40.00 target price on Ziff Davis and gave the company a "neutral" rating in a research note on Wednesday, May 14th. Citigroup dropped their price objective on Ziff Davis from $52.00 to $35.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Susquehanna dropped their price objective on Ziff Davis from $80.00 to $45.00 and set a "positive" rating for the company in a report on Monday, May 12th. Barclays dropped their price objective 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, JPMorgan Chase & Co. cut Ziff Davis from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $60.00 to $33.00 in a report on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $47.00.

Ziff Davis 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.

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