Rice Hall James & Associates LLC grew its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 21.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 601,573 shares of the technology company's stock after buying an additional 108,101 shares during the quarter. Ziff Davis accounts for about 1.3% of Rice Hall James & Associates LLC's investment portfolio, making the stock its 24th largest holding. Rice Hall James & Associates LLC owned about 1.40% of Ziff Davis worth $22,607,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. GAMMA Investing LLC increased its position in Ziff Davis by 148.4% in the first quarter. GAMMA Investing LLC now owns 713 shares of the technology company's stock worth $27,000 after buying an additional 426 shares during the period. Millstone Evans Group LLC bought a new stake in shares of Ziff Davis during the fourth quarter valued at about $35,000. Quadrant Capital Group LLC raised its position in Ziff Davis by 278.9% in the fourth quarter. Quadrant Capital Group LLC now owns 663 shares of the technology company's stock worth $36,000 after acquiring an additional 488 shares in the last quarter. Summit Securities Group LLC bought a new stake in Ziff Davis in the fourth quarter worth about $37,000. Finally, Sterling Capital Management LLC raised its position in Ziff Davis by 786.0% in the fourth quarter. Sterling Capital Management LLC now owns 1,391 shares of the technology company's stock worth $76,000 after acquiring an additional 1,234 shares in the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.
Ziff Davis Price Performance
Shares of ZD stock traded up $0.34 during trading hours on Thursday, hitting $31.22. 680,756 shares of the company's stock were exchanged, compared to its average volume of 544,640. The stock's 50-day moving average is $32.14 and its 200-day moving average is $39.44. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.52 and a quick ratio of 1.52. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 18.92 and a beta of 1.58. Ziff Davis, Inc. has a 52 week low of $29.15 and a 52 week high of $60.62.
Analyst Upgrades and Downgrades
ZD has been the topic of a number of analyst reports. UBS Group set a $40.00 price target on Ziff Davis and gave the stock a "neutral" rating in a research note on Wednesday, May 14th. JPMorgan Chase & Co. cut Ziff Davis from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $60.00 to $33.00 in a research note on Tuesday, April 22nd. Susquehanna lowered their target price on Ziff Davis from $80.00 to $45.00 and set a "positive" rating on the stock in a research note on Monday, May 12th. Wall Street Zen cut Ziff Davis from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Finally, Citigroup reduced 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. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $47.00.
Read Our Latest Analysis on ZD
Ziff Davis Profile
(
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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