Ziff Davis, Inc. (NASDAQ:ZD) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 9.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 695,542 shares of the technology company’s stock after buying an additional 60,472 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Ziff Davis were worth $33,845,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. GHP Investment Advisors Inc. lifted its stake in Ziff Davis by 1.4% during the third quarter. GHP Investment Advisors Inc. now owns 17,598 shares of the technology company’s stock worth $856,000 after purchasing an additional 250 shares during the last quarter. Arizona State Retirement System lifted its stake in Ziff Davis by 2.2% during the second quarter. Arizona State Retirement System now owns 12,913 shares of the technology company’s stock worth $711,000 after purchasing an additional 275 shares during the last quarter. Rothschild Investment LLC purchased a new stake in Ziff Davis during the second quarter worth approximately $25,000. Central Pacific Bank Trust Division lifted its stake in Ziff Davis by 21.3% during the third quarter. Central Pacific Bank Trust Division now owns 2,730 shares of the technology company’s stock worth $133,000 after purchasing an additional 480 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its stake in Ziff Davis by 3.3% during the second quarter. QRG Capital Management Inc. now owns 18,213 shares of the technology company’s stock worth $1,003,000 after purchasing an additional 590 shares during the last quarter. 99.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ZD has been the subject of several recent analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $95.00 target price on shares of Ziff Davis in a research note on Friday, September 6th. UBS Group reduced their price objective on Ziff Davis from $76.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday. Barclays boosted their price objective on 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, Citigroup reduced 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.71.

Ziff Davis Trading Down 1.0 %

NASDAQ:ZD opened at $59.42 on Wednesday. The firm has a market cap of $2.54 billion, a P/E ratio of 50.36 and a beta of 1.35. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49. The stock’s 50 day simple moving average is $50.28 and its 200-day simple moving average is $50.33. Ziff Davis, Inc. has a 12-month low of $37.76 and a 12-month high of $70.90.

Ziff Davis 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.