Ziff Davis, Inc. (NASDAQ:ZD) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. reduced its stake in Ziff Davis, Inc. (NASDAQ:ZD) by 12.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,620 shares of the technology company’s stock after selling 670 shares during the quarter. Everence Capital Management Inc.’s holdings in Ziff Davis were worth $251,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ZD. Dimensional Fund Advisors LP increased its stake in 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 purchasing an additional 257,056 shares during the period. AQR Capital Management LLC grew its holdings in shares of Ziff Davis by 453.7% in the second quarter. AQR Capital Management LLC now owns 278,564 shares of the technology company’s stock valued at $15,204,000 after purchasing an additional 228,257 shares in the last quarter. Empowered Funds LLC purchased a new stake in Ziff Davis during the 3rd quarter worth approximately $7,210,000. Public Sector Pension Investment Board acquired a new stake in Ziff Davis during the 3rd quarter worth approximately $4,618,000. Finally, Robeco Institutional Asset Management B.V. purchased a new position in Ziff Davis in the 3rd quarter valued at approximately $4,263,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Ziff Davis Stock Down 1.9 %

Ziff Davis stock opened at $52.37 on Thursday. The stock has a market cap of $2.24 billion, a PE ratio of 44.38 and a beta of 1.36. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. The stock’s fifty day moving average is $55.75 and its two-hundred day moving average is $50.52. Ziff Davis, Inc. has a 1-year low of $37.76 and a 1-year high of $70.90.

Wall Street Analysts Forecast Growth

ZD has been the topic of several analyst reports. Barclays increased 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. UBS Group reduced their price target on Ziff Davis from $76.00 to $65.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 3rd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.71.

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.