Ziff Davis, Inc. (NASDAQ:ZD) Stock Holdings Decreased by Royce & Associates LP

Royce & Associates LP reduced its position in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 65.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 440,591 shares of the technology company's stock after selling 837,679 shares during the quarter. Royce & Associates LP owned about 1.03% of Ziff Davis worth $16,557,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the business. Janus Henderson Group PLC increased its position in Ziff Davis by 8.5% during the 4th quarter. Janus Henderson Group PLC now owns 3,487,495 shares of the technology company's stock valued at $189,512,000 after buying an additional 272,895 shares in the last quarter. Legal & General Group Plc raised its position in Ziff Davis by 12.4% during the fourth quarter. Legal & General Group Plc now owns 2,425,947 shares of the technology company's stock valued at $131,826,000 after acquiring an additional 267,436 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Ziff Davis by 5.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,412,780 shares of the technology company's stock valued at $131,112,000 after buying an additional 118,979 shares during the period. CDAM UK Ltd grew its holdings in Ziff Davis by 16.6% in the fourth quarter. CDAM UK Ltd now owns 1,492,860 shares of the technology company's stock valued at $81,122,000 after purchasing an additional 213,071 shares during the period. Finally, Rice Hall James & Associates LLC lifted its holdings in Ziff Davis by 21.9% during the first quarter. Rice Hall James & Associates LLC now owns 601,573 shares of the technology company's stock valued at $22,607,000 after purchasing an additional 108,101 shares in the last quarter. Hedge funds and other institutional investors own 99.76% of the company's stock.

Ziff Davis Trading Up 1.1%

Shares of ZD stock traded up $0.35 during mid-day trading on Friday, hitting $32.78. 343,045 shares of the company's stock were exchanged, compared to its average volume of 567,677. Ziff Davis, Inc. has a fifty-two week low of $29.15 and a fifty-two week high of $60.62. The stock has a 50-day simple moving average of $31.98 and a two-hundred day simple moving average of $38.64. 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 stock has a market cap of $1.38 billion, a price-to-earnings ratio of 19.87 and a beta of 1.58.

Analyst Ratings Changes

ZD has been the topic of several research reports. Susquehanna decreased their price target on shares of Ziff Davis from $80.00 to $45.00 and set a "positive" rating on the stock in a research note on Monday, May 12th. Barclays cut their price target on shares of Ziff Davis from $48.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Tuesday, May 13th. UBS Group set a $40.00 price objective on Ziff Davis and gave the stock a "neutral" rating in a research report on Wednesday, May 14th. JPMorgan Chase & Co. cut 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 note on Tuesday, April 22nd. Finally, Citigroup lowered their price target on Ziff Davis from $52.00 to $35.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus 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.