Capstone Investment Advisors LLC Buys Shares of 29,999 Ziff Davis, Inc. (NASDAQ:ZD)

Capstone Investment Advisors LLC bought a new stake in Ziff Davis, Inc. (NASDAQ:ZD) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 29,999 shares of the technology company’s stock, valued at approximately $1,460,000.

Several other hedge funds and other institutional investors also recently modified their holdings of ZD. Price T Rowe Associates Inc. MD boosted its stake in shares of Ziff Davis by 3.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 29,316 shares of the technology company’s stock valued at $1,849,000 after buying an additional 995 shares in the last quarter. Wesbanco Bank Inc. boosted its stake in shares of Ziff Davis by 48.6% in the second quarter. Wesbanco Bank Inc. now owns 18,946 shares of the technology company’s stock valued at $1,043,000 after buying an additional 6,200 shares in the last quarter. Cardinal Capital Management boosted its stake in shares of Ziff Davis by 18.3% in the second quarter. Cardinal Capital Management now owns 30,101 shares of the technology company’s stock valued at $1,657,000 after buying an additional 4,647 shares in the last quarter. QRG Capital Management Inc. boosted its stake in shares of Ziff Davis by 3.3% in the second quarter. QRG Capital Management Inc. now owns 18,213 shares of the technology company’s stock valued at $1,003,000 after buying an additional 590 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in Ziff Davis by 142.3% during the second quarter. SG Americas Securities LLC now owns 11,745 shares of the technology company’s stock worth $647,000 after purchasing an additional 6,897 shares during the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ZD has been the subject of several research reports. Citigroup reduced their price objective on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Barclays lifted their price objective on Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price objective on shares of Ziff Davis in a report on Friday, September 6th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $71.29.

Ziff Davis Stock Down 0.3 %

Shares of NASDAQ ZD opened at $57.71 on Friday. The stock has a market capitalization of $2.47 billion, a PE ratio of 48.91 and a beta of 1.29. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. The firm has a fifty day moving average of $49.83 and a 200-day moving average of $50.33. Ziff Davis, Inc. has a 52-week low of $37.76 and a 52-week high of $70.90.

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.