Allspring Global Investments Holdings LLC Increases Stock Holdings in Ziff Davis, Inc. (NASDAQ:ZD)

Allspring Global Investments Holdings LLC boosted its stake in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 50.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 538,123 shares of the technology company's stock after buying an additional 181,234 shares during the period. Allspring Global Investments Holdings LLC owned approximately 1.25% of Ziff Davis worth $20,314,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Ziff Davis by 0.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,112 shares of the technology company's stock valued at $1,365,000 after buying an additional 216 shares during the period. Gotham Asset Management LLC lifted its stake in shares of Ziff Davis by 3.6% during the 4th quarter. Gotham Asset Management LLC now owns 7,802 shares of the technology company's stock worth $424,000 after acquiring an additional 271 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Ziff Davis by 148.4% during 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 period. Quadrant Capital Group LLC grew its position in 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. Finally, Sherbrooke Park Advisers LLC grew its position in Ziff Davis by 10.9% in the 4th quarter. Sherbrooke Park Advisers LLC now owns 5,369 shares of the technology company's stock valued at $292,000 after acquiring an additional 527 shares during the last quarter. 99.76% of the stock is currently owned by institutional investors.

Ziff Davis Stock Down 0.9%

Shares of ZD traded down $0.29 during mid-day trading on Friday, hitting $32.26. The company's stock had a trading volume of 634,365 shares, compared to its average volume of 546,124. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.47. The company's 50-day moving average is $31.94 and its 200-day moving average is $40.80. 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 $1.36 billion, a price-to-earnings ratio of 19.55 and a beta of 1.58.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ZD shares. Wall Street Zen lowered shares of Ziff Davis from a "buy" rating to a "hold" rating in a report on Saturday. Susquehanna decreased 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 note on Monday, May 12th. Citigroup lowered their price target on Ziff Davis from $52.00 to $35.00 and set a "neutral" rating for the company in a report on Friday, April 25th. UBS Group set a $40.00 price objective on Ziff Davis and gave the stock a "neutral" rating in a report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. lowered Ziff Davis from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $60.00 to $33.00 in a research report on Tuesday, April 22nd. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $47.00.

About Ziff Davis

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.