Ziff Davis, Inc. (NASDAQ:ZD) Shares Acquired by Clark Estates Inc. NY

Clark Estates Inc. NY increased its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 35.1% during the third quarter, HoldingsChannel.com reports. The fund owned 66,700 shares of the technology company’s stock after buying an additional 17,325 shares during the period. Clark Estates Inc. NY’s holdings in Ziff Davis were worth $3,246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rothschild Investment LLC purchased a new stake in Ziff Davis during the 2nd quarter valued at approximately $25,000. Quest Partners LLC purchased a new position in Ziff Davis during the 2nd quarter worth $38,000. Innealta Capital LLC acquired a new stake in shares of Ziff Davis in the 2nd quarter worth $75,000. Blue Trust Inc. boosted its holdings in shares of Ziff Davis by 72.4% in the second quarter. Blue Trust Inc. now owns 1,686 shares of the technology company’s stock valued at $93,000 after acquiring an additional 708 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Ziff Davis during the second quarter worth about $93,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Ziff Davis Stock Performance

Shares of ZD opened at $57.88 on Wednesday. The company has a 50-day moving average of $49.60 and a two-hundred day moving average of $50.25. The stock has a market cap of $2.47 billion, a P/E ratio of 49.05 and a beta of 1.29. Ziff Davis, Inc. has a 12-month low of $37.76 and a 12-month high of $70.90. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49.

Analyst Ratings Changes

A number of analysts recently weighed in on ZD shares. Citigroup decreased their price target on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Barclays upped their price target on shares of Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 price objective on shares of Ziff Davis in a research note on Friday, September 6th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $71.29.

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.