Geode Capital Management LLC Boosts Stock Position in Ziff Davis, Inc. (NASDAQ:ZD)

Geode Capital Management LLC increased its position in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 3.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,274,762 shares of the technology company’s stock after acquiring an additional 36,863 shares during the period. Geode Capital Management LLC’s holdings in Ziff Davis were worth $62,040,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. MML Investors Services LLC boosted its stake in shares of Ziff Davis by 55.6% in the third quarter. MML Investors Services LLC now owns 5,757 shares of the technology company’s stock valued at $280,000 after purchasing an additional 2,057 shares during the period. Main Management ETF Advisors LLC purchased a new position in Ziff Davis in the 3rd quarter valued at approximately $831,000. Weiss Asset Management LP purchased a new position in Ziff Davis in the 3rd quarter valued at approximately $621,000. Petrus Trust Company LTA acquired a new position in shares of Ziff Davis in the third quarter worth $781,000. Finally, Janus Henderson Group PLC increased its position in shares of Ziff Davis by 2.0% during the third quarter. Janus Henderson Group PLC now owns 3,214,600 shares of the technology company’s stock worth $156,422,000 after acquiring an additional 62,261 shares during the period. 99.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ZD shares. Barclays boosted their target price on Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. UBS Group decreased 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, December 3rd. Finally, 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. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.71.

Ziff Davis Trading Up 0.4 %

ZD opened at $56.17 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. Ziff Davis, Inc. has a one year low of $37.76 and a one year high of $70.90. The company has a market cap of $2.40 billion, a P/E ratio of 47.60 and a beta of 1.35. The business’s 50-day simple moving average is $53.58 and its 200-day simple moving average is $50.60.

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.