Ziff Davis, Inc. (NASDAQ:ZD) Shares Purchased by Choreo LLC

Choreo LLC boosted its stake in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 28.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 10,369 shares of the technology company’s stock after purchasing an additional 2,318 shares during the period. Choreo LLC’s holdings in Ziff Davis were worth $566,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Creative Planning lifted its position in shares of Ziff Davis by 16.4% in the second quarter. Creative Planning now owns 5,840 shares of the technology company’s stock valued at $321,000 after acquiring an additional 822 shares in the last quarter. Wedge Capital Management L L P NC lifted its holdings in Ziff Davis by 20.0% in the 3rd quarter. Wedge Capital Management L L P NC now owns 32,999 shares of the technology company’s stock valued at $1,606,000 after purchasing an additional 5,506 shares in the last quarter. Hunter Perkins Capital Management LLC boosted its stake in Ziff Davis by 13.6% during the 3rd quarter. Hunter Perkins Capital Management LLC now owns 14,290 shares of the technology company’s stock worth $695,000 after purchasing an additional 1,715 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in shares of Ziff Davis during the third quarter worth $257,000. Finally, International Assets Investment Management LLC grew its holdings in shares of Ziff Davis by 31,812.6% during the third quarter. International Assets Investment Management LLC now owns 65,740 shares of the technology company’s stock worth $3,199,000 after buying an additional 65,534 shares in the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

Ziff Davis Price Performance

Ziff Davis stock opened at $54.28 on Wednesday. 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 has a market cap of $2.32 billion, a P/E ratio of 46.00 and a beta of 1.36. The company has a 50-day moving average price of $55.01 and a 200 day moving average price of $50.86. Ziff Davis, Inc. has a 12-month low of $37.76 and a 12-month high of $70.02.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ZD shares. UBS Group lowered their price target on shares of Ziff Davis from $76.00 to $65.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 3rd. Barclays boosted their target price on Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.