Ziff Davis, Inc. (NASDAQ:ZD) Shares Sold by KBC Group NV

KBC Group NV lowered its stake in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 99.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,948 shares of the technology company’s stock after selling 199,488 shares during the quarter. KBC Group NV’s holdings in Ziff Davis were worth $95,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in shares of Ziff Davis by 14.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,057,314 shares of the technology company’s stock worth $113,255,000 after acquiring an additional 257,056 shares during the period. AQR Capital Management LLC increased its position in Ziff Davis by 453.7% during the 2nd quarter. AQR Capital Management LLC now owns 278,564 shares of the technology company’s stock worth $15,204,000 after purchasing an additional 228,257 shares during the period. Robeco Institutional Asset Management B.V. purchased a new position in shares of Ziff Davis during the 3rd quarter worth approximately $4,263,000. International Assets Investment Management LLC lifted its holdings in shares of Ziff Davis by 31,812.6% in the 3rd quarter. International Assets Investment Management LLC now owns 65,740 shares of the technology company’s stock valued at $3,199,000 after buying an additional 65,534 shares during the period. Finally, Retirement Systems of Alabama boosted its stake in shares of Ziff Davis by 21.4% in the second quarter. Retirement Systems of Alabama now owns 360,030 shares of the technology company’s stock valued at $19,820,000 after buying an additional 63,458 shares in the last quarter. 99.76% of the stock is owned by institutional investors and hedge funds.

Ziff Davis Trading Up 1.8 %

Shares of ZD opened at $58.24 on Friday. Ziff Davis, Inc. has a fifty-two week low of $37.76 and a fifty-two week high of $70.90. The company has a market capitalization of $2.49 billion, a PE ratio of 49.36 and a beta of 1.29. The stock has a fifty day moving average of $49.26 and a two-hundred day moving average of $50.27. 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 analysts have recently issued reports on ZD shares. Barclays increased their price target on shares of Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 price target on shares of Ziff Davis in a research report on Friday, September 6th. Finally, Citigroup dropped their price objective on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $71.29.

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.