First Horizon Advisors Inc. Decreases Holdings in Ziff Davis, Inc. (NASDAQ:ZD)

First Horizon Advisors Inc. cut its stake in Ziff Davis, Inc. (NASDAQ:ZD) by 26.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 606 shares of the technology company’s stock after selling 214 shares during the quarter. First Horizon Advisors Inc.’s holdings in Ziff Davis were worth $29,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in shares of Ziff Davis by 3.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,316 shares of the technology company’s stock valued at $1,849,000 after purchasing an additional 995 shares during the period. Wesbanco Bank Inc. increased its holdings in Ziff Davis by 48.6% during the 2nd quarter. Wesbanco Bank Inc. now owns 18,946 shares of the technology company’s stock worth $1,043,000 after purchasing an additional 6,200 shares during the last quarter. Cardinal Capital Management raised its position in shares of Ziff Davis by 18.3% in the 2nd quarter. Cardinal Capital Management now owns 30,101 shares of the technology company’s stock valued at $1,657,000 after purchasing an additional 4,647 shares in the last quarter. QRG Capital Management Inc. boosted its stake in shares of Ziff Davis by 3.3% during the 2nd quarter. QRG Capital Management Inc. now owns 18,213 shares of the technology company’s stock valued at $1,003,000 after buying an additional 590 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Ziff Davis by 142.3% during the second quarter. SG Americas Securities LLC now owns 11,745 shares of the technology company’s stock worth $647,000 after buying an additional 6,897 shares in the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Barclays increased their price objective on shares of Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 price target on shares of Ziff Davis in a research note on Friday, September 6th. Finally, Citigroup cut their price objective on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $71.29.

Ziff Davis Stock Performance

Shares of NASDAQ ZD opened at $58.01 on Tuesday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. The firm’s 50-day moving average price is $49.60 and its two-hundred day moving average price is $50.25. Ziff Davis, Inc. has a 52-week low of $37.76 and a 52-week high of $70.90. The stock has a market capitalization of $2.48 billion, a P/E ratio of 49.16 and a beta of 1.29.

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.