Mutual of America Capital Management LLC Sells 19,683 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Mutual of America Capital Management LLC lessened its position in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 74.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,729 shares of the technology company’s stock after selling 19,683 shares during the period. Mutual of America Capital Management LLC’s holdings in Ziff Davis were worth $327,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in ZD. Rothschild Investment LLC bought a new stake in shares of Ziff Davis during the 2nd quarter worth approximately $25,000. Quest Partners LLC bought a new position in Ziff Davis in the 2nd quarter valued at approximately $38,000. Innealta Capital LLC bought a new position in Ziff Davis in the 2nd quarter valued at approximately $75,000. Blue Trust Inc. lifted its stake in Ziff Davis by 72.4% in the 2nd 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 during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new position in Ziff Davis in the 2nd quarter valued at approximately $93,000. Institutional investors own 99.76% of the company’s stock.

Ziff Davis Price Performance

ZD stock opened at $57.71 on Friday. The company has a fifty day moving average price of $49.83 and a 200-day moving average price of $50.33. The company has a market capitalization of $2.47 billion, a P/E ratio of 48.91 and a beta of 1.29. Ziff Davis, Inc. has a 52-week low of $37.76 and a 52-week high of $70.90. 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

ZD has been the subject of several research reports. Citigroup dropped their price objective on shares of Ziff Davis from $52.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. 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. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $95.00 price objective on shares of Ziff Davis in a research note on Friday, September 6th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $71.29.

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.