Ziff Davis, Inc. (NASDAQ:ZD) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP lowered its position in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 53.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 6,777 shares of the technology company’s stock after selling 7,803 shares during the period. Aigen Investment Management LP’s holdings in Ziff Davis were worth $330,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of ZD. GSA Capital Partners LLP acquired a new stake in shares of Ziff Davis during the 3rd quarter valued at $775,000. Atria Investments Inc raised its position in shares of Ziff Davis by 36.3% during the third quarter. Atria Investments Inc now owns 8,396 shares of the technology company’s stock worth $409,000 after purchasing an additional 2,234 shares during the period. Easterly Investment Partners LLC lifted its holdings in shares of Ziff Davis by 32.2% during the third quarter. Easterly Investment Partners LLC now owns 18,890 shares of the technology company’s stock valued at $919,000 after purchasing an additional 4,604 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Ziff Davis by 36.4% in the 3rd quarter. Principal Financial Group Inc. now owns 210,989 shares of the technology company’s stock valued at $10,267,000 after purchasing an additional 56,352 shares during the period. Finally, Robeco Institutional Asset Management B.V. purchased a new position in Ziff Davis in the 3rd quarter worth about $4,263,000. 99.76% of the stock is owned by institutional investors and hedge funds.

Ziff Davis Trading Down 3.9 %

Shares of ZD stock opened at $55.10 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.91 and a current ratio of 1.42. The firm has a fifty day moving average of $48.58 and a 200-day moving average of $50.15. Ziff Davis, Inc. has a 52-week low of $37.76 and a 52-week high of $70.90. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 46.69 and a beta of 1.29.

Analyst Upgrades and Downgrades

Several brokerages have commented on ZD. Barclays raised their target price on shares of Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 price objective on shares of Ziff Davis in a research report on Friday, September 6th. Finally, Citigroup reduced their target price on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Ziff Davis presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.29.

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.