Principal Financial Group Inc. Acquires 5,456 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Principal Financial Group Inc. increased its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 2.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 212,797 shares of the technology company’s stock after purchasing an additional 5,456 shares during the period. Principal Financial Group Inc.’s holdings in Ziff Davis were worth $7,997,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Millstone Evans Group LLC bought a new stake in shares of Ziff Davis in the fourth quarter worth $35,000. Quadrant Capital Group LLC boosted its position in Ziff Davis by 278.9% during the fourth quarter. Quadrant Capital Group LLC now owns 663 shares of the technology company’s stock valued at $36,000 after acquiring an additional 488 shares during the last quarter. Summit Securities Group LLC acquired a new stake in Ziff Davis during the 4th quarter worth about $37,000. GAMMA Investing LLC grew its holdings in Ziff Davis by 148.4% during the 1st quarter. GAMMA Investing LLC now owns 713 shares of the technology company’s stock worth $27,000 after acquiring an additional 426 shares during the period. Finally, Sterling Capital Management LLC grew its holdings in Ziff Davis by 786.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,391 shares of the technology company’s stock worth $76,000 after acquiring an additional 1,234 shares during the period. Institutional investors own 99.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ZD shares. Wall Street Zen downgraded Ziff Davis from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. Barclays lowered their price target on shares of Ziff Davis from $48.00 to $34.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 13th. UBS Group set a $40.00 price target on shares of Ziff Davis and gave the stock a “neutral” rating in a report on Wednesday, May 14th. Susquehanna reduced their price objective on shares of Ziff Davis from $80.00 to $45.00 and set a “positive” rating for the company in a research note on Monday, May 12th. Finally, Citigroup reduced their price target on shares of Ziff Davis from $52.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, April 25th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $47.00.

Ziff Davis Stock Performance

Shares of NASDAQ:ZD opened at $30.96 on Wednesday. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 18.76 and a beta of 1.58. The company has a 50-day moving average price of $32.18 and a 200-day moving average price of $39.66. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.47. Ziff Davis, Inc. has a 12 month low of $29.15 and a 12 month high of $60.62.

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.