Quest Partners LLC bought a new position in Ziff Davis, Inc. (NASDAQ:ZD – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 691 shares of the technology company’s stock, valued at approximately $38,000.
A number of other hedge funds have also modified their holdings of ZD. Rothschild Investment LLC acquired a new stake in shares of Ziff Davis during the second quarter valued at approximately $25,000. OLD Point Trust & Financial Services N A acquired a new position in Ziff Davis in the 4th quarter worth approximately $34,000. EverSource Wealth Advisors LLC grew its position in Ziff Davis by 362.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 513 shares of the technology company’s stock worth $34,000 after purchasing an additional 402 shares in the last quarter. Innealta Capital LLC acquired a new stake in Ziff Davis during the 2nd quarter valued at $75,000. Finally, Blue Trust Inc. lifted its holdings in shares of Ziff Davis by 72.4% in the second quarter. Blue Trust Inc. now owns 1,686 shares of the technology company’s stock valued at $93,000 after purchasing an additional 708 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.
Ziff Davis Stock Performance
ZD stock opened at $52.96 on Friday. The firm has a 50 day moving average of $46.71 and a two-hundred day moving average of $53.29. Ziff Davis, Inc. has a 12 month low of $37.76 and a 12 month high of $70.90. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 43.65 and a beta of 1.29. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.54.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on ZD shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 target price on shares of Ziff Davis in a report on Friday, September 6th. Barclays dropped their price objective on shares of Ziff Davis from $58.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. Finally, Citigroup cut their target price on shares of Ziff Davis from $52.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $71.50.
Read Our Latest Analysis on Ziff Davis
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.
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